| Product Code: ETC8620908 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Nigeria`s import shipments of castor oil and derivatives continued to showcase a high level of market concentration, with India, UK, China, Brazil, and Germany emerging as the top exporting countries. Despite a negative compound annual growth rate (CAGR) of -15.66% from 2020 to 2024, there was a significant growth spurt in 2024 with a growth rate of 20.52% compared to the previous year. This indicates a potential resurgence in demand for castor oil and derivatives in Nigeria, with key players from various countries contributing to the market`s dynamics.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Castor Oil & Derivatives Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Castor Oil & Derivatives Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Castor Oil & Derivatives Market - Industry Life Cycle |
3.4 Nigeria Castor Oil & Derivatives Market - Porter's Five Forces |
3.5 Nigeria Castor Oil & Derivatives Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Nigeria Castor Oil & Derivatives Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Castor Oil & Derivatives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for organic and natural products in the beauty and personal care industry |
4.2.2 Increasing awareness about the benefits of castor oil and its derivatives in pharmaceutical and industrial applications |
4.2.3 Government initiatives to promote the cultivation and processing of castor oil in Nigeria |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices affecting production costs |
4.3.2 Lack of infrastructure for efficient processing and distribution of castor oil and derivatives |
4.3.3 Competition from other vegetable oils and synthetic alternatives |
5 Nigeria Castor Oil & Derivatives Market Trends |
6 Nigeria Castor Oil & Derivatives Market, By Types |
6.1 Nigeria Castor Oil & Derivatives Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Castor Oil & Derivatives Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Nigeria Castor Oil & Derivatives Market Revenues & Volume, By Sebacic Acid, 2021- 2031F |
6.1.4 Nigeria Castor Oil & Derivatives Market Revenues & Volume, By 12-HSA, 2021- 2031F |
6.1.5 Nigeria Castor Oil & Derivatives Market Revenues & Volume, By Ricinoleic Acid, 2021- 2031F |
6.1.6 Nigeria Castor Oil & Derivatives Market Revenues & Volume, By Hydrogenated Castor Oil (Castor Wax), 2021- 2031F |
6.1.7 Nigeria Castor Oil & Derivatives Market Revenues & Volume, By Undecylenic Acid, 2021- 2031F |
6.1.8 Nigeria Castor Oil & Derivatives Market Revenues & Volume, By Dehydrated Castor Oil, 2021- 2031F |
6.2 Nigeria Castor Oil & Derivatives Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Castor Oil & Derivatives Market Revenues & Volume, By Lubricants, 2021- 2031F |
6.2.3 Nigeria Castor Oil & Derivatives Market Revenues & Volume, By Surface Coatings, 2021- 2031F |
6.2.4 Nigeria Castor Oil & Derivatives Market Revenues & Volume, By Biodiesel, 2021- 2031F |
6.2.5 Nigeria Castor Oil & Derivatives Market Revenues & Volume, By Cosmetics and Pharmaceuticals, 2021- 2031F |
6.2.6 Nigeria Castor Oil & Derivatives Market Revenues & Volume, By Plastics and Resins, 2021- 2031F |
6.2.7 Nigeria Castor Oil & Derivatives Market Revenues & Volume, By Others, 2021- 2031F |
7 Nigeria Castor Oil & Derivatives Market Import-Export Trade Statistics |
7.1 Nigeria Castor Oil & Derivatives Market Export to Major Countries |
7.2 Nigeria Castor Oil & Derivatives Market Imports from Major Countries |
8 Nigeria Castor Oil & Derivatives Market Key Performance Indicators |
8.1 Number of new product developments using castor oil and derivatives |
8.2 Adoption rate of castor oil in various industries such as cosmetics, pharmaceuticals, and manufacturing |
8.3 Percentage increase in castor oil production capacity in Nigeria |
9 Nigeria Castor Oil & Derivatives Market - Opportunity Assessment |
9.1 Nigeria Castor Oil & Derivatives Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Nigeria Castor Oil & Derivatives Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Castor Oil & Derivatives Market - Competitive Landscape |
10.1 Nigeria Castor Oil & Derivatives Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Castor Oil & Derivatives Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |