Soya beans — Gross Production Value in Nigeria
Nigeria: Soya beans — Gross Production Value was 174,718 1000 USD in 2024. ◆ Volatile
Soya beans — Gross Production Value in Nigeria, 1991–2024
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 18th out of 75 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.
Soya beans — Gross Production Value in Nigeria, year by year
| Year | 1000 USD | Change |
|---|---|---|
| 1991 | 57,944 1000 USD | — |
| 1992 | 46,961 1000 USD | -19.0% |
| 1993 | 101,499 1000 USD | +116.1% |
| 1994 | 63,545 1000 USD | -37.4% |
| 1995 | 88,022 1000 USD | +38.5% |
| 1996 | 129,970 1000 USD | +47.7% |
| 1997 | 129,237 1000 USD | -0.6% |
| 1998 | 161,162 1000 USD | +24.7% |
| 1999 | 176,778 1000 USD | +9.7% |
| 2000 | 143,928 1000 USD | -18.6% |
| 2001 | 189,677 1000 USD | +31.8% |
| 2002 | 183,748 1000 USD | -3.1% |
| 2003 | 200,853 1000 USD | +9.3% |
| 2004 | 251,667 1000 USD | +25.3% |
| 2005 | 300,288 1000 USD | +19.3% |
| 2006 | 315,014 1000 USD | +4.9% |
| 2007 | 304,812 1000 USD | -3.2% |
| 2008 | 425,624 1000 USD | +39.6% |
| 2009 | 209,587 1000 USD | -50.8% |
| 2010 | 155,191 1000 USD | -26.0% |
| 2011 | 214,648 1000 USD | +38.3% |
| 2012 | 290,747 1000 USD | +35.5% |
| 2013 | 230,514 1000 USD | -20.7% |
| 2014 | 372,792 1000 USD | +61.7% |
| 2015 | 298,950 1000 USD | -19.8% |
| 2016 | 425,446 1000 USD | +42.3% |
| 2017 | 466,449 1000 USD | +9.6% |
| 2018 | 490,832 1000 USD | +5.2% |
| 2019 | 525,893 1000 USD | +7.1% |
| 2020 | 637,570 1000 USD | +21.2% |
| 2021 | 528,371 1000 USD | -17.1% |
| 2022 | 638,787 1000 USD | +20.9% |
| 2023 | 498,421 1000 USD | -22.0% |
| 2024 | 174,718 1000 USD | -64.9% |
Nigeria compared with similar countries
- Nigeria's 174,718 1000 USD is above the median for lower middle income countries, which is 10,313 1000 USD, 16.9× the median. (18 countries reporting)
- Nigeria's 174,718 1000 USD is above the median for Sub-Saharan Africa, which is 35,436 1000 USD, 4.9× the median. (14 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | 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
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)
- Share of GDP from agriculture 23.0% (2025)
- Agriculture as a share of GDP vs. GDP per capita 23.0% (2025)
- Agricultural raw materials exports 0.4% (2024)
- Agricultural raw materials imports 0.6% (2024)
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 18th out of 75 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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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.