Hydrogenated vegetable oil imports in Nigeria: data, top suppliers and prices
Nigeria imported $49.5 million of hydrogenated vegetable oil in 2024 (18.4 thousand tonnes). Its share of world imports was 1%. Value rose 17% on 2023. Over 2017-2024 the trade grew strongly, by about 36% a year on average.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
Imports by year, 2017-2024
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Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $49.5M | 18.4K t |
| 2023 | $42.4M | 35.2K t |
| 2022 | $20.8M | 15.3K t |
| 2021 | $23.5M | 21.5K t |
| 2020 | $11.3M | 13.5K t |
| 2019 | $9.6M | 12.7K t |
| 2018 | $8.1M | 7.9K t |
| 2017 | $5.7M | 5.9K t |
Where Nigeria imports hydrogenated vegetable oil from
One supplier dominates: Indonesia accounted for 92% of the value. Among the main suppliers, Indonesia grew fastest (+160% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| Indonesia | $45.4M | 92% |
| China | $1.8M | 3.7% |
| Netherlands | $668K | 1.4% |
| Malaysia | $555K | 1.1% |
| France | $386K | 0.8% |
| Denmark | $176K | 0.4% |
| Ghana | $95K | 0.2% |
| Singapore | $83K | 0.2% |
| Germany | $55K | 0.1% |
| Sweden | $52K | 0.1% |
Product types under HS 1516
| 1516.20 | Vegetable fats and oils and their fractions: partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, whether or not refined… | 100% |
| 1516.10 | Animal fats and oils and their fractions: partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, whether or not refined, but… | 0.1% |
Codes and full descriptions: HS heading 1516.
Average import price per kg
The average declared value was about $2.69 per kg, 70% above the world average of $1.58. This usually points to higher-grade or processed goods.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
Who is behind these numbers in Nigeria?
The shipment records behind Nigeria hydrogenated vegetable oil imports (HS 1516): companies, dates, quantities and declared values.
Shipment records are in the platform
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Direct customs feed: shipment-level records from the official customs source.
Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 1516: Animal, vegetable or microbial fats and oils and their fractions, partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, whether or not refined, but not further prepared.
Common questions
What is the value of hydrogenated vegetable oil imported by Nigeria?
Nigeria imported hydrogenated vegetable oil worth $49.5 million in 2024, the latest year with complete public data, about 18.4 thousand tonnes. That ranks it 28th of 215 countries worldwide, with 1% of world imports. The value was up 17% on 2023.
Which countries supply hydrogenated vegetable oil to Nigeria?
Indonesia was the largest supplier with 92% of the value ($45.4 million), followed by China (4%) and the Netherlands (1%). The top three together account for 97%, out of 22 supplier countries in total. Sweden grew fastest among the top ten, up 430% on the year.
What is the average import price of hydrogenated vegetable oil per kg?
The average declared import value was about $2.69 per kg in 2024, 70% above the world average of $1.58 per kg. Because it averages all grades and sizes, treat the figure as a market benchmark, not a price offer.
How have imports of hydrogenated vegetable oil to Nigeria changed since 2017?
Imports went from $5.7 million in 2017 to $49.5 million in 2024, an increase of 774%. 2024 was the highest year in the period. Over 8 years the average was $21.3 million a year.
What is the HS code for hydrogenated vegetable oil?
The HS code for hydrogenated vegetable oil is heading 1516. In Nigeria the largest six-digit codes were 1516.20 (100% of the value) and 1516.10 (0%).
How can I find the companies behind this trade?
EximDataX has a direct customs feed for Nigeria, so the importers and exporters behind these totals are visible by name, shipment by shipment. Ask for a live look at your product.
Same product, other countries
World hydrogenated vegetable oil trade: top importers and exporters
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