Vegetable Oils and Vegetables Exports
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Vegetable Oils and Vegetables Exports
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Designed by:
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Vegetable Oils and Vegetables Exports
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Vegetable Oils and Vegetables Exports
Content
Executive Summary 6 Introduction 9 Global Ve getable Oils Production
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Variations in Global Vegetable Oils Production
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How are Vegetable Oils Consumed Globally?
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Global Usage of Soybean Oil 29 Global Usage of Rapeseed Oil 32 Domestic and Industrial Usage of Sunflower Seed Oil
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Nigerian Vegetable Oils Exporters make Inroad into Global Market 36 Focus on Indeginous Vegetable Oils Exporters
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Vegetables Export 52 Sustainable Agriculture 66
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Vegetable Oils and Vegetables Exports
Executive Summary Following the move to make
foreign income to the nation, 3.14
agriculture a business in Nigeria
percent higher than the entire export
as against being treated as a
in 2016, meaning that the figure will
development program, a number of
be far higher by year end. With regards
investors and companies have taken
to vegetable oils, total annual income
up the challenge. Particularly, in
from export of vegetable oils continue
the last two years, Nigeria’s non-oil
to hover around N90 billion. Both
exports have received a boost from
vegetables and vegetable oil exports
the Federal Government of Nigeria,
are subjected to stringent international
Federal Ministry of Agriculture and
standards that must be met before
Rural Development; the Central Bank
such goods are allowed into the
of Nigeria (CBN), Bank of Industry
international markets.
(BoI); the Nigerian Investment
Palm oil remains the most produced
Promotion Commission (NIPC)
and consumed vegetable oil in the
and with support from the African
world accounting for 34 percent
Development Bank(AfDB). How do
of the global oil production and
we measure the progress recorded few
consumption. It is closely followed
years down the line? We take a look
by soybean oil, rapeseed oil and
at the export of vegetable oils and
sunflower oil, and altogether,
vegetables.
they account for 89 percent of the
Nigeria’s export of vegetables
global vegetable oils production
amounted to an average of N400
and consumption. Indonesia, the
billion annually. In 2016, vegetables
European Union, Malaysia, China and
export generated N413 billion foreign
Thailand are the world’s biggest palm
earnings to Nigeria. Interestingly, in
oil consumers. The largest industrial
just nine months in 2017, the same
users of soybean oil are USA, Brazil,
item has generated N426.6 billion
Argentina, EU and Bangladesh,
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Vegetable Oils and Vegetables Exports
while China, USA, Brazil, India and
Thelma Farms Limited is the leading
Argentina are the largest domestic
exporter of vegetables. Data were
users of soybean oil.
sourced from the National Bureau
Flour Mills of Nigeria and PZ
of Statistics (NBS), Pre-shipment
Cussons are among the leading
inspection documents, Index Mundi,
exporters of vegetable oils while
FEDOIL, CBI Ministry of Foreign Affairs, CME Group, UFOP, Food and
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Vegetable Oils and Vegetables Exports
Agriculture Organisation (FAO),
specifications for the different
USDA Foreign Agricultural
variants of vegetable oils are stated
Service and Hort Zone.
in the report alongside those of the
The success recorded so far by these firms is encouraging. Notwithstanding, more
Standards Organisation of Nigeria (SON). As other countries increase
has to be done for Nigerian
investments in agriculture,
exporters to be dominant in
Nigerian exporters of vegetables
the international market for
and vegetable oils should prepare
these products. Meanwhile, as
for stiff competition from their
consumers demand for healthier
rivals. Another area of challenge
diets across the world, most
is sustainable agriculture, which
of the countries of the world
is gathering momentum in the EU
have become more stringent
with effect that operators from
with standards. Particularly
the different supply chains are
in the European Union whose
mandated to source raw materials
members are the destinations
from agricultural production
of Nigeria’s vegetable oil and
systems that are sustainable.
vegetables exports, the standard
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