Soya beans — Gross Production Value in Nigeria

Nigeria: Soya beans — Gross Production Value was 439,834 1000 Int$ in 2024. ◆ Volatile

Latest (2024)
439,834 1000 Int$
Change on year
down 23.3%
World rank
12th
of 96 countries
All-time high
573,696 1000 Int$
in 2023
All-time low
16,063 1000 Int$
in 1983
Years of data
64
1961–2024

Soya beans — Gross Production Value in Nigeria, 1961–2024

0200.0k400.0k600.0k196119922024

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

Analysis

Nigeria recorded 439,834 1000 Int$ for soya beans — gross production value in 2024.

The figure is down 23.3% on the previous year and up 84.3% over ten years.

Over the whole period, soya beans — gross production value in Nigeria peaked at 573,696 1000 Int$ in 2023 and was at its lowest, 16,063 1000 Int$, in 1983.

Nigeria ranks 12th of 96 countries on this measure, in the top quarter.

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

Soya beans — Gross Production Value in Nigeria, year by year

Annual values for Soya beans — Gross Production Value (constant 2014-2016 thousand I$) in Nigeria, 1961 to 2024.
Year 1000 Int$ Change
1961 21,800 1000 Int$ —
1962 26,390 1000 Int$ +21.1%
1963 26,772 1000 Int$ +1.4%
1964 22,565 1000 Int$ -15.7%
1965 21,418 1000 Int$ -5.1%
1966 22,948 1000 Int$ +7.1%
1967 22,948 1000 Int$ +0.0%
1968 24,860 1000 Int$ +8.3%
1969 23,713 1000 Int$ -4.6%
1970 22,183 1000 Int$ -6.5%
1971 24,095 1000 Int$ +8.6%
1972 24,095 1000 Int$ +0.0%
1973 24,478 1000 Int$ +1.6%
1974 24,860 1000 Int$ +1.6%
1975 24,860 1000 Int$ +0.0%
1976 26,772 1000 Int$ +7.7%
1977 26,772 1000 Int$ +0.0%
1978 27,537 1000 Int$ +2.9%
1979 27,920 1000 Int$ +1.4%
1980 28,685 1000 Int$ +2.7%
1981 29,832 1000 Int$ +4.0%
1982 31,362 1000 Int$ +5.1%
1983 16,063 1000 Int$ -48.8%
1984 16,446 1000 Int$ +2.4%
1985 22,948 1000 Int$ +39.5%
1986 26,008 1000 Int$ +13.3%
1987 40,924 1000 Int$ +57.4%
1988 57,370 1000 Int$ +40.2%
1989 114,739 1000 Int$ +100.0%
1990 83,377 1000 Int$ -27.3%
1991 55,457 1000 Int$ -33.5%
1992 58,899 1000 Int$ +6.2%
1993 62,342 1000 Int$ +5.8%
1994 68,079 1000 Int$ +9.2%
1995 109,767 1000 Int$ +61.2%
1996 123,153 1000 Int$ +12.2%
1997 138,070 1000 Int$ +12.1%
1998 154,898 1000 Int$ +12.2%
1999 156,810 1000 Int$ +1.2%
2000 164,077 1000 Int$ +4.6%
2001 166,754 1000 Int$ +1.6%
2002 177,463 1000 Int$ +6.4%
2003 188,937 1000 Int$ +6.5%
2004 201,941 1000 Int$ +6.9%
2005 216,092 1000 Int$ +7.0%
2006 231,391 1000 Int$ +7.1%
2007 221,829 1000 Int$ -4.1%
2008 226,036 1000 Int$ +1.9%
2009 163,155 1000 Int$ -27.8%
2010 139,630 1000 Int$ -14.4%
2011 188,498 1000 Int$ +35.0%
2012 248,602 1000 Int$ +31.9%
2013 198,101 1000 Int$ -20.3%
2014 238,587 1000 Int$ +20.4%
2015 225,089 1000 Int$ -5.7%
2016 358,326 1000 Int$ +59.2%
2017 380,152 1000 Int$ +6.1%
2018 402,949 1000 Int$ +6.0%
2019 401,018 1000 Int$ -0.5%
2020 482,777 1000 Int$ +20.4%
2021 445,972 1000 Int$ -7.6%
2022 504,853 1000 Int$ +13.2%
2023 573,696 1000 Int$ +13.6%
2024 439,834 1000 Int$ -23.3%

Nigeria compared with similar countries

  • Nigeria's 439,834 1000 Int$ is above the median for lower middle income countries, which is 19,506 1000 Int$, 22.5× the median. (23 countries reporting)
  • Nigeria's 439,834 1000 Int$ is above the median for Sub-Saharan Africa, which is 44,630 1000 Int$, 9.9× the median. (21 countries reporting)

Biggest year-on-year movements

Years where Soya beans — Gross Production Value in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
1989 +100.0% 57,370 1000 Int$ 114,739 1000 Int$
1995 +61.2% 68,079 1000 Int$ 109,767 1000 Int$
1983 -48.8% 31,362 1000 Int$ 16,063 1000 Int$
2016 +59.2% 225,089 1000 Int$ 358,326 1000 Int$
1987 +57.4% 26,008 1000 Int$ 40,924 1000 Int$

Averages by decade

DecadeAverage LowestHighest Years
1960s 23,713 1000 Int$ 21,418 1000 Int$ 26,772 1000 Int$ 9
1970s 25,357 1000 Int$ 22,183 1000 Int$ 27,920 1000 Int$ 10
1980s 38,438 1000 Int$ 16,063 1000 Int$ 114,739 1000 Int$ 10
1990s 101,085 1000 Int$ 55,457 1000 Int$ 156,810 1000 Int$ 10
2000s 195,768 1000 Int$ 163,155 1000 Int$ 231,391 1000 Int$ 10
2010s 278,095 1000 Int$ 139,630 1000 Int$ 402,949 1000 Int$ 10
2020s 489,426 1000 Int$ 439,834 1000 Int$ 573,696 1000 Int$ 5

Countries ranked near Nigeria

  1. 9 Ukraine 2.54 million 1000 Int$ compare
  2. 9 United Republic of Tanzania 16,346 1000 Int$ compare
  3. 10 Republic of Moldova 12,069 1000 Int$ compare
  4. 10 Uruguay 1.17 million 1000 Int$ compare
  5. 11 Democratic Republic of the Congo 10,862 1000 Int$ compare
  6. 11 South Africa 706,794 1000 Int$ compare
  7. 13 Italy 390,030 1000 Int$ compare
  8. 13 Lao People's Democratic Republic 3,014 1000 Int$ compare
  9. 14 USSR 311,326 1000 Int$ compare
  10. 14 Venezuela (Bolivarian Republic of) 1,767 1000 Int$ compare
  11. 15 Benin 249,540 1000 Int$ compare
  12. 15 Syrian Arab Republic 1,381 1000 Int$ compare

See the full ranking of 140 places →

More agriculture & rural data for Nigeria

All data for Nigeria →

Frequently asked questions

What is soya beans — gross production value in Nigeria?
Soya beans — gross production value in Nigeria was 439,834 1000 Int$ in 2024, according to Food and Agriculture Organization of the United Nations.
What is the highest soya beans — gross production value recorded in Nigeria?
The highest recorded value was 573,696 1000 Int$ in 2023.
What is the lowest soya beans — gross production value recorded in Nigeria?
The lowest recorded value was 16,063 1000 Int$ in 1983.
How does Nigeria rank for soya beans — gross production value?
Nigeria ranks 12th out of 96 countries with data for 2024.
Is soya beans — gross production value rising or falling in Nigeria?
Over the last ten years it is up 84.3%. 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 Soya beans — Gross Production Value (constant 2014-2016 thousand I$). Statizoid updates them automatically from the source API.

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Soya beans — Gross Production Value in Nigeria. Statizoid, drawing on Food and Agriculture Organization of the United Nations. Retrieved 06 October 2026, from https://agriculture.statizoid.com/stat/soya-beans-gross-production-value-constant-2014-2016-thousand-i/nigeria/

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About this data

Indicator
Soya beans — Gross Production Value (constant 2014-2016 thousand I$)
Unit
1000 Int$
Source
Food and Agriculture Organization of the United Nations
Licence
CC BY-NC-SA 3.0 IGO (FAO)
Coverage
140 places, 6,646 data points, 1961–2024
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.