Oil palm fruit — Gross Production Value in Nigeria

Nigeria: Oil palm fruit — Gross Production Value was 246.53 million 1000 SLC in 2024. ◆ Volatile

Latest (2024)
246.53 million 1000 SLC
Change on year
up 1.2%
World rank
5th
of 27 countries
All-time high
246.53 million 1000 SLC
in 2024
All-time low
4.29 million 1000 SLC
in 1991
Years of data
34
1991–2024

Oil palm fruit — Gross Production Value in Nigeria, 1991–2024

050.0M100.0M150.0M200.0M250.0M1991200720241991: 4.3M 1000 SLC1992: 6.9M 1000 SLC1993: 17.2M 1000 SLC1994: 21.4M 1000 SLC1995: 56.8M 1000 SLC1996: 51.8M 1000 SLC1997: 46.1M 1000 SLC1998: 59.7M 1000 SLC1999: 73.2M 1000 SLC2000: 79.1M 1000 SLC2001: 82.3M 1000 SLC2002: 107.9M 1000 SLC2003: 105.4M 1000 SLC2004: 126.5M 1000 SLC2005: 127.7M 1000 SLC2006: 144.5M 1000 SLC2007: 121.0M 1000 SLC2008: 132.9M 1000 SLC2009: 56.9M 1000 SLC2010: 144.8M 1000 SLC2011: 158.3M 1000 SLC2012: 164.1M 1000 SLC2013: 161.0M 1000 SLC2014: 168.2M 1000 SLC2015: 143.4M 1000 SLC2016: 120.7M 1000 SLC2017: 115.2M 1000 SLC2018: 128.0M 1000 SLC2019: 158.4M 1000 SLC2020: 168.2M 1000 SLC2021: 177.5M 1000 SLC2022: 211.7M 1000 SLC2023: 243.6M 1000 SLC2024: 246.5M 1000 SLC

Source: Food and Agriculture Organization of the United Nations. Measured in 1000 SLC.

Analysis

Nigeria recorded 246.53 million 1000 SLC for oil palm fruit — gross production value in 2024. That is the highest value across all 34 years on record.

The figure is up 1.2% on the previous year and up 46.5% over ten years.

Over the whole period, oil palm fruit — gross production value in Nigeria peaked at 246.53 million 1000 SLC in 2024 and was at its lowest, 4.29 million 1000 SLC, in 1991.

Nigeria ranks 5th of 27 countries on this measure, in the top quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Oil palm fruit — Gross Production Value in Nigeria, year by year

Annual values for Oil palm fruit — Gross Production Value (current thousand SLC) in Nigeria, 1991 to 2024.
Year 1000 SLC Change
1991 4.29 million 1000 SLC
1992 6.88 million 1000 SLC +60.4%
1993 17.23 million 1000 SLC +150.4%
1994 21.43 million 1000 SLC +24.3%
1995 56.79 million 1000 SLC +165.0%
1996 51.85 million 1000 SLC -8.7%
1997 46.05 million 1000 SLC -11.2%
1998 59.69 million 1000 SLC +29.6%
1999 73.22 million 1000 SLC +22.7%
2000 79.08 million 1000 SLC +8.0%
2001 82.27 million 1000 SLC +4.0%
2002 107.94 million 1000 SLC +31.2%
2003 105.40 million 1000 SLC -2.3%
2004 126.50 million 1000 SLC +20.0%
2005 127.66 million 1000 SLC +0.9%
2006 144.48 million 1000 SLC +13.2%
2007 121.00 million 1000 SLC -16.3%
2008 132.86 million 1000 SLC +9.8%
2009 56.92 million 1000 SLC -57.2%
2010 144.77 million 1000 SLC +154.3%
2011 158.34 million 1000 SLC +9.4%
2012 164.10 million 1000 SLC +3.6%
2013 160.99 million 1000 SLC -1.9%
2014 168.24 million 1000 SLC +4.5%
2015 143.39 million 1000 SLC -14.8%
2016 120.67 million 1000 SLC -15.8%
2017 115.21 million 1000 SLC -4.5%
2018 127.96 million 1000 SLC +11.1%
2019 158.41 million 1000 SLC +23.8%
2020 168.18 million 1000 SLC +6.2%
2021 177.52 million 1000 SLC +5.6%
2022 211.70 million 1000 SLC +19.3%
2023 243.65 million 1000 SLC +15.1%
2024 246.53 million 1000 SLC +1.2%

Averages by decade

DecadeAverage LowestHighest Years
1990s 37.49 million 1000 SLC 4.29 million 1000 SLC 73.22 million 1000 SLC 9
2000s 108.41 million 1000 SLC 56.92 million 1000 SLC 144.48 million 1000 SLC 10
2010s 146.21 million 1000 SLC 115.21 million 1000 SLC 168.24 million 1000 SLC 10
2020s 209.51 million 1000 SLC 168.18 million 1000 SLC 246.53 million 1000 SLC 5

Countries ranked near Nigeria

  1. 2 Colombia 31.60 billion 1000 SLC compare
  2. 3 Guinea 2.19 billion 1000 SLC compare
  3. 4 Cameroon 274.78 million 1000 SLC compare
  4. 6 Burundi 174.91 million 1000 SLC compare
  5. 7 Thailand 105.41 million 1000 SLC compare
  6. 8 Costa Rica 102.43 million 1000 SLC compare

See the full ranking of 29 places →

More agriculture & rural data for Nigeria

All data for Nigeria →

Frequently asked questions

What is oil palm fruit — gross production value in Nigeria?
Oil palm fruit — gross production value in Nigeria was 246.53 million 1000 SLC in 2024, according to Food and Agriculture Organization of the United Nations.
What is the highest oil palm fruit — gross production value recorded in Nigeria?
The highest recorded value was 246.53 million 1000 SLC in 2024.
What is the lowest oil palm fruit — gross production value recorded in Nigeria?
The lowest recorded value was 4.29 million 1000 SLC in 1991.
How does Nigeria rank for oil palm fruit — gross production value?
Nigeria ranks 5th out of 27 countries with data for 2024.
Is oil palm fruit — gross production value rising or falling in Nigeria?
Over the last ten years it is up 46.5%. The long-run trend across the full record is volatile.
Where does this Nigeria data come from?
The figures come from Food and Agriculture Organization of the United Nations, published as part of Oil palm fruit — Gross Production Value (current thousand SLC). Statizoid updates them automatically from the source API.

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Oil palm fruit — Gross Production Value in Nigeria. Statizoid, drawing on Food and Agriculture Organization of the United Nations. Retrieved 23 August 2026, from https://agriculture.statizoid.com/stat/oil-palm-fruit-gross-production-value-current-thousand-slc/nigeria/

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About this data

Indicator
Oil palm fruit — Gross Production Value (current thousand SLC)
Unit
1000 SLC
Source
Food and Agriculture Organization of the United Nations
Licence
CC BY-NC-SA 3.0 IGO (FAO)
Coverage
29 places, 969 data points, 1991–2024
Last refreshed

The domain provides detailed data on the value of agricultural production that is calculated by the agricultural production data and the price data at farm gate. Thus, the value of production measures the agricultural production in monetary terms at the farm gate level.