(In USD Current Price)
Year -
The import volume of soya bean oil was 12.04 million kg, and the value was $21.45 million.
In 2022, Nigeria's import of soya bean oil reached 12.04 million Kg, valued at $21.45 million. This represents an increase, which is significant compared to the last import year, 2021, when imports were 235.37 thousand Kg worth $408.00 thousand. The net change from 2021 to 2022 shows an increase of 11.8 Kg and a remarkable $21.04 in value.
Ans1. Yes, Nigeria Imports Soya bean oil.
Ans2. Nigeria has Imported Soya bean oil for 47 years.
Explores the evolving trends in Nigeria's soya-bean-oil imports, offering a detailed analysis of annual changes in the sector.
Explore the Volume and Price trend of Nigeria Import of Soya bean oil over the last 62 Years.
| Year | Kg | US$ Abbr. | US$ |
|---|---|---|---|
| 1961 | - | - | - |
| 1962 | - | - | - |
| 1963 | - | - | - |
| 1964 | - | - | - |
| 1965 | - | - | - |
| 1966 | - | - | - |
| 1967 | - | - | - |
| 1968 | - | - | - |
| 1969 | - | - | - |
| 1970 | - | - | - |
| 1971 | - | - | - |
| 1972 | - | - | - |
| 1973 | - | - | - |
| 1974 | - | - | - |
| 1975 | 597,000.00 | 507.00 thousand | 507,000.00 |
| 1976 | 817,000.00 | 561.00 thousand | 561,000.00 |
| 1977 | 70,777,000.00 | 42.00 million | 42,000,000.00 |
| 1978 | 61,000,000.00 | 36.00 million | 36,000,000.00 |
| 1979 | 55,000,000.00 | 30.00 million | 30,000,000.00 |
| 1980 | 60,000,000.00 | 40.00 million | 40,000,000.00 |
| 1981 | 22,900,000.00 | 14.00 million | 14,000,000.00 |
| 1982 | 70,300,000.00 | 40.80 million | 40,800,000.00 |
| 1983 | 45,900,000.00 | 22.30 million | 22,300,000.00 |
| 1984 | 10,000,000.00 | 8.00 million | 8,000,000.00 |
| 1985 | 3,000,000.00 | 2.25 million | 2,250,000.00 |
| 1986 | 8,000,000.00 | 5.60 million | 5,600,000.00 |
| 1987 | 1,000,000.00 | 710.00 thousand | 710,000.00 |
| 1988 | 5,000.00 | 22.00 thousand | 22,000.00 |
| 1989 | 36,000.00 | 40.00 thousand | 40,000.00 |
| 1990 | - | - | - |
| 1991 | 12,542,000.00 | 2.82 million | 2,822,000.00 |
| 1992 | 1,450,000.00 | 615.00 thousand | 615,000.00 |
| 1993 | 1,531,000.00 | 721.00 thousand | 721,000.00 |
| 1994 | 100,000.00 | 90.00 thousand | 90,000.00 |
| 1995 | 32,000.00 | 39.00 thousand | 39,000.00 |
| 1996 | 2,004,000.00 | 1.12 million | 1,120,000.00 |
| 1997 | 70,000.00 | 70.00 thousand | 70,000.00 |
| 1998 | 1,913,000.00 | 1.60 million | 1,600,000.00 |
| 1999 | 3,850,000.00 | 1.81 million | 1,810,000.00 |
| 2000 | 167,600.00 | 80.00 thousand | 80,000.00 |
| 2001 | 800,000.00 | 400.00 thousand | 400,000.00 |
| 2002 | 1,700,000.00 | 900.00 thousand | 900,000.00 |
| 2003 | 2,600,000.00 | 1.50 million | 1,500,000.00 |
| 2004 | 1,400,000.00 | 850.00 thousand | 850,000.00 |
| 2005 | 300,000.00 | 200.00 thousand | 200,000.00 |
| 2006 | 400,000.00 | 290.00 thousand | 290,000.00 |
| 2007 | 421,000.00 | 526.00 thousand | 526,000.00 |
| 2008 | 1,400,000.00 | 1.20 million | 1,200,000.00 |
| 2009 | 2,500,000.00 | 2.50 million | 2,500,000.00 |
| 2010 | 331,000.00 | 446.00 thousand | 446,000.00 |
| 2011 | 4,500,000.00 | 3.29 million | 3,292,000.00 |
| 2012 | 400,000.00 | 400.00 thousand | 400,000.00 |
| 2013 | 800,000.00 | 800.00 thousand | 800,000.00 |
| 2014 | 500,000.00 | 500.00 thousand | 500,000.00 |
| 2015 | 500,000.00 | 500.00 thousand | 500,000.00 |
| 2016 | 400,000.00 | 400.00 thousand | 400,000.00 |
| 2017 | 873,000.00 | 972.00 thousand | 972,000.00 |
| 2018 | 353,640.00 | 432.00 thousand | 432,000.00 |
| 2019 | 1,231,500.00 | 1.25 million | 1,247,000.00 |
| 2020 | 221,130.00 | 221.00 thousand | 221,000.00 |
| 2021 | 235,370.00 | 408.00 thousand | 408,000.00 |
| 2022 | 12,039,650.00 | 21.45 million | 21,450,000.00 |
| 2023 | - | - | - |