Margarine imports in Nigeria: data, top suppliers and prices
Nigeria imported $84.8 million of margarine in 2024 (83.4 thousand tonnes). Its share of world imports was 1%. That is 11% less than in 2023. Across 2017-2024 the long-run trend was broadly stable. The peak in this period was 2021, at $123.3 million.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
Imports by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $84.8M | 83.4K t |
| 2023 | $95.5M | 100.4K t |
| 2022 | $84.8M | 78.0K t |
| 2021 | $123.3M | 124.3K t |
| 2020 | $64.8M | 87.6K t |
| 2019 | $47.6M | 70.8K t |
| 2018 | $52.8M | 74.5K t |
| 2017 | $53.6M | 68.3K t |
Where Nigeria imports margarine from
Indonesia alone supplied 75% of it. Among the main suppliers, Malaysia grew fastest (+550% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| Indonesia | $63.7M | 75% |
| Netherlands | $7.1M | 8.4% |
| Ghana | $5.5M | 6.5% |
| Malaysia | $3.8M | 4.5% |
| China | $1.9M | 2.2% |
| United Kingdom | $654K | 0.8% |
| Turkey | $624K | 0.7% |
| Spain | $483K | 0.6% |
| France | $404K | 0.5% |
| Denmark | $333K | 0.4% |
Product types under HS 1517
| 1517.90 | Edible fat blends and spreads | 57% |
| 1517.10 | Margarine (solid) | 43% |
Codes and full descriptions: HS heading 1517.
Average import price per kg
The average declared value was about $1.02 per kg, 39% below the world average of $1.68, which often means bulk or lower-grade product.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
Margarine exports from Nigeria
Nigeria exported $1.1 million of margarine in 2024 (574 tonnes). One buyer market dominates: South Africa accounted for 63% of the value. Among the main buyer markets, Italy grew fastest (+440% on the year before).
| Destination | Value | Share |
|---|---|---|
| South Africa | $671K | 63% |
| France | $255K | 24% |
| Canada | $70K | 6.6% |
| Italy | $38K | 3.6% |
| United States | $14K | 1.3% |
| Netherlands | $14K | 1.3% |
| United Kingdom | $4K | 0.4% |
| Niger | $1K | 0.1% |
| Finland | $1K | 0.1% |
| Spain | $0K | 0% |
Who is behind these numbers in Nigeria?
The shipment records behind Nigeria margarine imports (HS 1517): 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 1517: Margarine; edible mixtures or preparations of animal, vegetable or microbial fats or oils or of fractions of different fats or oils of this Chapter, other than edible fats and oils or their fractions of heading 15.16.
Common questions
What is the value of margarine imported by Nigeria?
Nigeria imported margarine worth $84.8 million in 2024, the latest year with complete public data, about 83.4 thousand tonnes. That ranks it 23rd of 223 countries worldwide, with 1% of world imports. The value was down 11% on 2023.
Which countries supply margarine to Nigeria?
Indonesia was the largest supplier with 75% of the value ($63.7 million), followed by the Netherlands (8%) and Ghana (7%). The top three together account for 90%, out of 22 supplier countries in total. Malaysia grew fastest among the top ten, up 550% on the year.
What is the average import price of margarine per kg?
The average declared import value was about $1.02 per kg in 2024, 39% below the world average of $1.68 per kg. The figure blends every grade shipped, so it works as a reference point rather than a quote.
How have imports of margarine to Nigeria changed since 2017?
Imports went from $53.6 million in 2017 to $84.8 million in 2024, an increase of 58%. The peak was 2021 at $123.3 million. Over 8 years the average was $75.9 million a year.
Does Nigeria also export margarine?
Yes. Nigeria exported $1.1 million worth of this product in 2024, mainly to South Africa, France and Canada. On balance Nigeria is a net importer of this product, by about $83.7 million a year.
What is the HS code for margarine?
The HS code for margarine is heading 1517. In Nigeria the largest six-digit codes were 1517.90 (57% of the value) and 1517.10 (43%).
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
Margarine product types in Nigeria
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