Soya beans — Gross Production Value in Nigeria

Nigeria: Soya beans — Gross Production Value was 174,718 1000 USD in 2024. ◆ Volatile

Latest (2024)
174,718 1000 USD
Change on year
down 64.9%
World rank
19th
of 84 countries
All-time high
638,787 1000 USD
in 2022
All-time low
46,961 1000 USD
in 1992
Years of data
34
1991–2024

Soya beans — Gross Production Value in Nigeria, 1991–2024

0200.0k400.0k600.0k1991200720241991: 57.9k 1000 USD1992: 47.0k 1000 USD1993: 101.5k 1000 USD1994: 63.5k 1000 USD1995: 88.0k 1000 USD1996: 130.0k 1000 USD1997: 129.2k 1000 USD1998: 161.2k 1000 USD1999: 176.8k 1000 USD2000: 143.9k 1000 USD2001: 189.7k 1000 USD2002: 183.7k 1000 USD2003: 200.9k 1000 USD2004: 251.7k 1000 USD2005: 300.3k 1000 USD2006: 315.0k 1000 USD2007: 304.8k 1000 USD2008: 425.6k 1000 USD2009: 209.6k 1000 USD2010: 155.2k 1000 USD2011: 214.6k 1000 USD2012: 290.7k 1000 USD2013: 230.5k 1000 USD2014: 372.8k 1000 USD2015: 298.9k 1000 USD2016: 425.4k 1000 USD2017: 466.4k 1000 USD2018: 490.8k 1000 USD2019: 525.9k 1000 USD2020: 637.6k 1000 USD2021: 528.4k 1000 USD2022: 638.8k 1000 USD2023: 498.4k 1000 USD2024: 174.7k 1000 USD

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

Analysis

In 2024, soya beans — gross production value in Nigeria stood at 174,718 1000 USD.

Compared with earlier readings it is down 64.9% on the previous year and down 53.1% over ten years.

Over the whole period, soya beans — gross production value in Nigeria peaked at 638,787 1000 USD in 2022 and was at its lowest, 46,961 1000 USD, in 1992.

That places Nigeria 19th out of 84 countries with data for 2024, putting it in the top quarter.

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

Averages by decade

DecadeAverage LowestHighest Years
1990s 106,124 1000 USD 46,961 1000 USD 176,778 1000 USD 9
2000s 252,520 1000 USD 143,928 1000 USD 425,624 1000 USD 10
2010s 347,146 1000 USD 155,191 1000 USD 525,893 1000 USD 10
2020s 495,573 1000 USD 174,718 1000 USD 638,787 1000 USD 5

Countries ranked near Nigeria

  1. 16 Iran (Islamic Republic of) 176,986 1000 USD compare
  2. 17 Serbia 176,278 1000 USD compare
  3. 18 Indonesia 176,102 1000 USD compare
  4. 20 Togo 172,286 1000 USD compare
  5. 21 Romania 136,393 1000 USD compare
  6. 22 Malawi 130,429 1000 USD compare

See the full ranking of 114 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 174,718 1000 USD 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 638,787 1000 USD in 2022.
What is the lowest soya beans — gross production value recorded in Nigeria?
The lowest recorded value was 46,961 1000 USD in 1992.
How does Nigeria rank for soya beans — gross production value?
Nigeria ranks 19th out of 84 countries with data for 2024.
Is soya beans — gross production value rising or falling in Nigeria?
Over the last ten years it is down 53.1%. 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 (current thousand US$). 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 15 August 2026, from https://agriculture.statizoid.com/stat/soya-beans-gross-production-value-current-thousand-us/nigeria/

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About this data

Indicator
Soya beans — Gross Production Value (current thousand US$)
Unit
1000 USD
Source
Food and Agriculture Organization of the United Nations
Licence
CC BY-NC-SA 3.0 IGO (FAO)
Coverage
114 places, 3,567 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.