Soybeans: are they used for food, feed or fuel?, annual growth rate in Nigeria

Nigeria: Soybeans: are they used for food, feed or fuel?, annual growth rate was -28.74 % change on previous year in 2023. ◆ Volatile

Latest (2023)
-28.74 % change on previous year
Change on year
down 157.1%
World rank
66th
of 92 countries
All-time high
119.05 % change on previous year
in 2016
All-time low
-60.52 % change on previous year
in 2010
Years of data
62
1962–2023

Soybeans: are they used for food, feed or fuel?, annual growth rate in Nigeria, 1962–2023

-50050100196219922023

Source: Statizoid (derived). Measured in % change on previous year.

Analysis

Nigeria recorded -28.74 % change on previous year for soybeans: are they used for food, feed or fuel?, annual growth rate in 2023.

The figure is down 157.1% on the previous year and down 858.8% over ten years.

Over the whole period, soybeans: are they used for food, feed or fuel?, annual growth rate in Nigeria peaked at 119.05 % change on previous year in 2016 and was at its lowest, -60.52 % change on previous year, in 2010.

That places Nigeria 66th out of 92 countries with data for 2023, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Soybeans: are they used for food, feed or fuel?, annual growth rate in Nigeria, year by year

Annual values for Soybeans: are they used for food, feed or fuel?, annual growth rate in Nigeria, 1962 to 2023.
Year % change on previous year Change
1962 34.62 % change on previous year
1963 -34.29 % change on previous year -199.0%
1964 47.83 % change on previous year -239.5%
1965 -29.41 % change on previous year -161.5%
1966 29.17 % change on previous year -199.2%
1967 19.35 % change on previous year -33.6%
1968 -10.81 % change on previous year -155.9%
1969 15.15 % change on previous year -240.2%
1970 -18.42 % change on previous year -221.6%
1971 29.03 % change on previous year -257.6%
1972 7.5 % change on previous year -74.2%
1973 4.65 % change on previous year -38.0%
1974 2.22 % change on previous year -52.2%
1975 -4.35 % change on previous year -295.7%
1976 6.82 % change on previous year -256.8%
1977 4.26 % change on previous year -37.6%
1978 4.08 % change on previous year -4.1%
1979 -1.96 % change on previous year -148.0%
1980 4 % change on previous year -304.0%
1981 1.92 % change on previous year -51.9%
1982 13.21 % change on previous year +586.8%
1983 -53.33 % change on previous year -503.8%
1984 3.57 % change on previous year -106.7%
1985 51.72 % change on previous year +1348.3%
1986 13.64 % change on previous year -73.6%
1987 68 % change on previous year +398.7%
1988 15.48 % change on previous year -77.2%
1989 117.53 % change on previous year +659.4%
1990 -23.7 % change on previous year -120.2%
1991 -40.37 % change on previous year +70.4%
1992 4.17 % change on previous year -110.3%
1993 12 % change on previous year +188.0%
1994 1.79 % change on previous year -85.1%
1995 78.07 % change on previous year +4271.9%
1996 13.3 % change on previous year -83.0%
1997 13.48 % change on previous year +1.3%
1998 9.96 % change on previous year -26.1%
1999 7.32 % change on previous year -26.5%
2000 0.6494 % change on previous year -91.1%
2001 0.6452 % change on previous year -0.6%
2002 7.05 % change on previous year +992.9%
2003 7.19 % change on previous year +1.9%
2004 6.7 % change on previous year -6.7%
2005 12.04 % change on previous year +79.6%
2006 7.24 % change on previous year -39.9%
2007 -8.93 % change on previous year -223.3%
2008 3.11 % change on previous year -134.8%
2009 -28.31 % change on previous year -1010.2%
2010 -60.52 % change on previous year +113.8%
2011 4.1 % change on previous year -106.8%
2012 3.94 % change on previous year -3.9%
2013 3.79 % change on previous year -3.8%
2014 5.11 % change on previous year +34.9%
2015 -27.08 % change on previous year -630.1%
2016 119.05 % change on previous year -539.6%
2017 12.17 % change on previous year -89.8%
2018 -53.49 % change on previous year -539.4%
2019 -25 % change on previous year -53.3%
2020 108.89 % change on previous year -535.6%
2021 48.94 % change on previous year -55.1%
2022 50.36 % change on previous year +2.9%
2023 -28.74 % change on previous year -157.1%

Biggest year-on-year movements

Years where Soybeans: are they used for food, feed or fuel?, annual growth rate in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
1995 +4271.9% 1.79 % change on previous year 78.07 % change on previous year
1985 +1348.3% 3.57 % change on previous year 51.72 % change on previous year

Averages by decade

DecadeAverage LowestHighest Years
1960s 8.95 % change on previous year -34.29 % change on previous year 47.83 % change on previous year 8
1970s 3.38 % change on previous year -18.42 % change on previous year 29.03 % change on previous year 10
1980s 23.57 % change on previous year -53.33 % change on previous year 117.53 % change on previous year 10
1990s 7.6 % change on previous year -40.37 % change on previous year 78.07 % change on previous year 10
2000s 0.7392 % change on previous year -28.31 % change on previous year 12.04 % change on previous year 10
2010s -1.79 % change on previous year -60.52 % change on previous year 119.05 % change on previous year 10
2020s 44.86 % change on previous year -28.74 % change on previous year 108.89 % change on previous year 4

Countries ranked near Nigeria

  1. 63 Burkina Faso -25.51 % change on previous year compare
  2. 64 Rwanda -26.19 % change on previous year compare
  3. 65 Taiwan -27.62 % change on previous year compare
  4. 67 Switzerland -33.33 % change on previous year compare
  5. 68 Peru -37.5 % change on previous year compare
  6. 69 Malawi -39.47 % change on previous year compare

See the full ranking of 92 places →

More reference data data for Nigeria

All data for Nigeria →

Frequently asked questions

What is soybeans: are they used for food, feed or fuel?, annual growth rate in Nigeria?
Soybeans: are they used for food, feed or fuel?, annual growth rate in Nigeria was -28.74 % change on previous year in 2023, according to Statizoid (derived).
What is the highest soybeans: are they used for food, feed or fuel?, annual growth rate recorded in Nigeria?
The highest recorded value was 119.05 % change on previous year in 2016.
What is the lowest soybeans: are they used for food, feed or fuel?, annual growth rate recorded in Nigeria?
The lowest recorded value was -60.52 % change on previous year in 2010.
How does Nigeria rank for soybeans: are they used for food, feed or fuel?, annual growth rate?
Nigeria ranks 66th out of 92 countries with data for 2023.
Is soybeans: are they used for food, feed or fuel?, annual growth rate rising or falling in Nigeria?
Over the last ten years it is down 858.8%. The long-run trend across the full record is volatile.
Where does this Nigeria data come from?
The figures come from Statizoid (derived), published as part of Soybeans: are they used for food, feed or fuel?, annual growth rate. Statizoid updates them automatically from the source API.

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Soybeans: are they used for food, feed or fuel?, annual growth rate in Nigeria. Statizoid, drawing on Statizoid (derived). Retrieved 22 September 2026, from https://reference.statizoid.com/stat/soybeans-are-they-used-for-food-feed-or-fuel-annual-growth-rate/nigeria/

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<a href="https://reference.statizoid.com/stat/soybeans-are-they-used-for-food-feed-or-fuel-annual-growth-rate/nigeria/">Soybeans: are they used for food, feed or fuel?, annual growth rate in Nigeria</a> — Statizoid

How this figure is calculated

The year-on-year percentage change in Soybeans: are they used for food, feed or fuel?. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
Soybeans: are they used for food, feed or fuel?, annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
92 places, 3,115 data points, 1962–2023
Last refreshed

The year-on-year percentage change in Soybeans: are they used for food, feed or fuel?. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.