Nigeria Import Volume of Palm oil
(In USD Current Price)
Year -
The import volume of palm oil was 776.70 thousand tonnes, and the value was $924.27 million.
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In 2024, Nigeria's import of palm oil reached 776.70 thousand tonnes, valued at $924.27 million. This represents a decrease, which is significant compared to the last import year, 2023, when imports were 1.13 million tonnes worth $1.41 billion. The net change from 2023 to 2024 shows a decrease of 354.20 thousand tonnes and a drop of $489.35 million in value.
Q1. Does Nigeria Import Palm oil?
Ans1. Yes, Nigeria Imports Palm oil.
Q2. How Many Years Does Nigeria Import Palm oil?
Ans2. Nigeria has Imported Palm oil for 45 years.
Nigeria's Import of Palm oil: Annual Trends
Explores the evolving trends in Nigeria's palm-oil imports, offering a detailed analysis of annual changes in the sector.
- In 2024: 776,700.00 tonnes of palm oil import, valued at $924.27 million.
- In 2023: 1,130,900.00 tonnes of palm oil import, valued at $1.41 billion.
- In 2022: 896,000.00 tonnes of palm oil import, valued at $1.12 billion.
- In 2021: 1,143,700.00 tonnes of palm oil import, valued at $1.43 billion.
- In 2020: 1,196,700.00 tonnes of palm oil import, valued at $1.50 billion.
- In 2019: 1,332,800.00 tonnes of palm oil import, valued at $1.67 billion.
- In 2018: 1,344,200.00 tonnes of palm oil import, valued at $1.68 billion.
- In 2017: 1,459,500.00 tonnes of palm oil import, valued at $1.82 billion.
- In 2016: 1,153,000.00 tonnes of palm oil import, valued at $1.44 billion.
- In 2015: 1,413,000.00 tonnes of palm oil import, valued at $1.77 billion.
Nigeria Import of Palm oil Annually
Explore the Volume and Price trend of Nigeria Import of Palm oil over the last 63 Years.
| Year | Import Quantity | Import Value | ||
|---|---|---|---|---|
| Tonnes | Kg | US$ Abbr. | US$ | |
| 1977 | 800.00 | 800,000.00 | 600.00 thousand | 600,000.00 |
| 1978 | 7,300.00 | 7,300,000.00 | 4.50 million | 4,500,000.00 |
| 1979 | 17,300.00 | 17,300,000.00 | 12.00 million | 12,000,000.00 |
| 1980 | 54,300.00 | 54,300,000.00 | 40.00 million | 40,000,000.00 |
| 1981 | 102,000.00 | 102,000,000.00 | 76.00 million | 76,000,000.00 |
| 1982 | 153,000.00 | 153,000,000.00 | 92.00 million | 92,000,000.00 |
| 1983 | 138,000.00 | 138,000,000.00 | 80.00 million | 80,000,000.00 |
| 1984 | 83,000.00 | 83,000,000.00 | 60.00 million | 60,000,000.00 |
| 1985 | 73,000.00 | 73,000,000.00 | 45.00 million | 45,000,000.00 |
| 1986 | 180,000.00 | 180,000,000.00 | 69.00 million | 69,000,000.00 |
| 1987 | 20,000.00 | 20,000,000.00 | 9.60 million | 9,600,000.00 |
| 1988 | 37.00 | 37,000.00 | 5.00 thousand | 5,000.00 |
| 1992 | 5,119.00 | 5,119,000.00 | 1.75 million | 1,753,000.00 |
| 1993 | 9,680.00 | 9,680,000.00 | 5.68 million | 5,679,000.00 |
| 1994 | 41,600.00 | 41,600,000.00 | 20.30 million | 20,300,000.00 |
| 1995 | 3,190.00 | 3,190,000.00 | 1.82 million | 1,823,000.00 |
| 1996 | 117,200.00 | 117,200,000.00 | 93.76 million | 93,760,000.00 |
| 1997 | 119,000.00 | 119,000,000.00 | 95.00 million | 95,000,000.00 |
| 1998 | 83,000.00 | 83,000,000.00 | 66.00 million | 66,000,000.00 |
| 1999 | 92,000.00 | 92,000,000.00 | 73.60 million | 73,600,000.00 |
| 2000 | 102,600.00 | 102,600,000.00 | 97.50 million | 97,500,000.00 |
| 2001 | 169,200.00 | 169,200,000.00 | 169.00 million | 169,000,000.00 |
| 2002 | 210,000.00 | 210,000,000.00 | 208.00 million | 208,000,000.00 |
| 2003 | 190,000.00 | 190,000,000.00 | 190.00 million | 190,000,000.00 |
| 2004 | 265,500.00 | 265,500,000.00 | 279.00 million | 279,000,000.00 |
| 2005 | 306,800.00 | 306,800,000.00 | 343.60 million | 343,600,000.00 |
| 2006 | 400,000.00 | 400,000,000.00 | 454.00 million | 454,000,000.00 |
| 2007 | 580,000.00 | 580,000,000.00 | 671.00 million | 671,000,000.00 |
| 2008 | 700,000.00 | 700,000,000.00 | 812.00 million | 812,000,000.00 |
| 2009 | 720,000.00 | 720,000,000.00 | 936.00 million | 936,000,000.00 |
| 2010 | 780,000.00 | 780,000,000.00 | 1.00 billion | 1,000,000,000.00 |
| 2011 | 855,000.00 | 855,000,000.00 | 1.00 billion | 1,000,000,000.00 |
| 2012 | 903,300.00 | 903,300,000.00 | 1.13 billion | 1,130,000,000.00 |
| 2013 | 1,195,300.00 | 1,195,300,000.00 | 1.50 billion | 1,500,000,000.00 |
| 2014 | 1,646,500.00 | 1,646,500,000.00 | 2.06 billion | 2,058,125,000.00 |
| 2015 | 1,413,000.00 | 1,413,000,000.00 | 1.77 billion | 1,766,250,000.00 |
| 2016 | 1,153,000.00 | 1,153,000,000.00 | 1.44 billion | 1,441,250,000.00 |
| 2017 | 1,459,500.00 | 1,459,500,000.00 | 1.82 billion | 1,824,300,000.00 |
| 2018 | 1,344,200.00 | 1,344,200,000.00 | 1.68 billion | 1,680,300,000.00 |
| 2019 | 1,332,800.00 | 1,332,800,000.00 | 1.67 billion | 1,666,000,000.00 |
| 2020 | 1,196,700.00 | 1,196,700,000.00 | 1.50 billion | 1,495,900,000.00 |
| 2021 | 1,143,700.00 | 1,143,700,000.00 | 1.43 billion | 1,429,600,000.00 |
| 2022 | 896,000.00 | 896,000,000.00 | 1.12 billion | 1,120,000,000.00 |
| 2023 | 1,130,900.00 | 1,130,900,000.00 | 1.41 billion | 1,413,625,000.00 |
| 2024 | 776,700.00 | 776,700,000.00 | 924.27 million | 924,273,000.00 |