Skip to content
Husfarm
Add offer
FAOSTAT · 1961–2023

Groundnut oil production in Nigeria

In 2023 Nigeria produced 390,500 t of groundnut oil, the 3rd largest in the world (6.07% of the world total). Over ten years it grew by 25%. The record was 630,000 t in 2008.

The 2023 figure is from an external organisation.

Today’s pricesMarket prices in Nigeria
Production, 2023
390,500 t
World rank
3 of 87
10-year change
+25%
Record
630,000 t
2008

Groundnut oil in Nigeria, 1961–2023 (tonnes)

0200k400k600k800k197019801990200020102020

By year

YearTonnesChange
2023390,500+3.5%
2022377,300+3.6%
2021364,1000.0%
2020364,100−2.9%
2019375,100+1.8%
2018368,500+7.7%
2017342,000+3.3%
2016331,100+1.3%
2015326,700+20%
2014272,500−13%
2013312,500+4.1%
2012300,200+4.2%
2011288,200+0.8%
2010286,000+3.6%
2009276,100−56%
2008630,000+0.8%
2007625,000−0.3%
2006627,000+10%
2005570,000+6.9%
2004533,000+7.0%
2003498,000+6.4%
2002468,000+6.4%
2001440,000−7.6%
2000476,000+4.2%
1999457,000+2.0%
1998448,000+1.1%
1997443,000+12%
1996397,000+19%
1995334,000−22%
1994429,000+5.1%
1993408,000+6.3%
1992384,000+6.4%
1991361,000+0.6%
1990359,000+33%
1989269,473−0.8%
1988271,750+65%
1987164,928−23%
1986213,292+99%
1985107,094+38%
198477,625−16%
198392,850+108%
198244,635−37%
198170,441+41%
198049,832−22%
197963,633−48%
1978122,688+31%
197793,636+69%
197655,371−9.3%
197561,035−73%
1974228,419+215%
197372,620−71%
1972247,028+1.5%
1971243,378+2.4%
1970237,584+15%
1969206,062+45%
1968141,868+35%
1967105,041−11%
1966118,348−46%
1965220,871+34%
1964164,231−3.5%
1963170,267−9.8%
1962188,803+71%
1961110,625—

Other large producers

All countries producing groundnut oil

Other products of Nigeria

Agricultural production in Nigeria

Source: FAO. 2025. FAOSTAT: Crops and livestock products. Accessed on 4 November 2026. fao.org/faostat. Licence: CC BY 4.0. Charts, rankings and changes calculated by Husfarm.