Oil palm fruit — Gross Production Value in Nigeria
Nigeria: Oil palm fruit — Gross Production Value was 166,688 1000 USD in 2024. ▼ Falling
Oil palm fruit — Gross Production Value in Nigeria, 1991–2024
Source: Food and Agriculture Organization of the United Nations. Measured in 1000 USD.
Analysis
Nigeria recorded 166,688 1000 USD for oil palm fruit — gross production value in 2024. That is the lowest value across all 34 years on record.
Compared with earlier readings it is down 56.0% on the previous year and down 84.3% over ten years.
Over the whole period, oil palm fruit — gross production value in Nigeria peaked at 1.12 million 1000 USD in 2006 and was at its lowest, 166,688 1000 USD, in 2024.
Nigeria ranks 16th of 28 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 34 years of available data.
Oil palm fruit — Gross Production Value in Nigeria, year by year
| Year | 1000 USD | Change |
|---|---|---|
| 1991 | 432,918 1000 USD | — |
| 1992 | 397,817 1000 USD | -8.1% |
| 1993 | 781,038 1000 USD | +96.3% |
| 1994 | 599,719 1000 USD | -23.2% |
| 1995 | 925,141 1000 USD | +54.3% |
| 1996 | 679,969 1000 USD | -26.5% |
| 1997 | 584,795 1000 USD | -14.0% |
| 1998 | 723,071 1000 USD | +23.6% |
| 1999 | 792,912 1000 USD | +9.7% |
| 2000 | 777,623 1000 USD | -1.9% |
| 2001 | 739,601 1000 USD | -4.9% |
| 2002 | 895,146 1000 USD | +21.0% |
| 2003 | 815,645 1000 USD | -8.9% |
| 2004 | 951,938 1000 USD | +16.7% |
| 2005 | 972,435 1000 USD | +2.2% |
| 2006 | 1.12 million 1000 USD | +15.5% |
| 2007 | 961,757 1000 USD | -14.4% |
| 2008 | 1.12 million 1000 USD | +16.5% |
| 2009 | 382,261 1000 USD | -65.9% |
| 2010 | 963,249 1000 USD | +152.0% |
| 2011 | 1.03 million 1000 USD | +6.8% |
| 2012 | 1.04 million 1000 USD | +1.2% |
| 2013 | 1.02 million 1000 USD | -1.8% |
| 2014 | 1.06 million 1000 USD | +3.7% |
| 2015 | 745,129 1000 USD | -29.8% |
| 2016 | 476,029 1000 USD | -36.1% |
| 2017 | 376,760 1000 USD | -20.9% |
| 2018 | 418,060 1000 USD | +11.0% |
| 2019 | 516,111 1000 USD | +23.5% |
| 2020 | 468,702 1000 USD | -9.2% |
| 2021 | 434,461 1000 USD | -7.3% |
| 2022 | 496,968 1000 USD | +14.4% |
| 2023 | 379,224 1000 USD | -23.7% |
| 2024 | 166,688 1000 USD | -56.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 657,487 1000 USD | 397,817 1000 USD | 925,141 1000 USD | 9 |
| 2000s | 874,017 1000 USD | 382,261 1000 USD | 1.12 million 1000 USD | 10 |
| 2010s | 765,085 1000 USD | 376,760 1000 USD | 1.06 million 1000 USD | 10 |
| 2020s | 389,209 1000 USD | 166,688 1000 USD | 496,968 1000 USD | 5 |
Countries ranked near Nigeria
More agriculture & rural data for Nigeria
- Agriculture, forestry, and fishing, value added (current US$), annual 2.38 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 0.2298 current US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 281.32 current US$ per person (2025)
- Rural population, annual growth rate -0.1218 % change on previous year (2025)
- Rural population, per unit of GDP 0.0003 units per US$ of GDP (2025)
- Rural population, per capita 0.3622 units per person (2025)
- Agriculture share gdp 22.98 (2025)
- Value added in the agricultural sector as of gdp vs gdp per capita 22.98 (2025)
- Agricultural raw materials exports 0.4% (2024)
- Agricultural raw materials imports 0.6% (2024)
Frequently asked questions
- What is oil palm fruit — gross production value in Nigeria?
- Oil palm fruit — gross production value in Nigeria was 166,688 1000 USD 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 1.12 million 1000 USD in 2006.
- What is the lowest oil palm fruit — gross production value recorded in Nigeria?
- The lowest recorded value was 166,688 1000 USD in 2024.
- How does Nigeria rank for oil palm fruit — gross production value?
- Nigeria ranks 16th out of 28 countries with data for 2024.
- Is oil palm fruit — gross production value rising or falling in Nigeria?
- Over the last ten years it is down 84.3%. The long-run trend across the full record is falling.
- 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 US$). Statizoid updates them automatically from the source API.
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About this data
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.