Benin alone produced 109 thousand tonnes of vegetable oils in 2019 (Source: World Data Atlas). The African edible oil market was valued at USD 4,803.28 million in 2021. Experts expect it to reach USD 8503.00 million by 2029, registering a CAGR of 7.40% during the forecast period of 2022-29.
Is Niger reviving the oil industry in Benin?
In recent years, there has been an attempt to revive the oil production and industry in Benin. In September 2019, Niger and China launched the construction of the Niger-Benin Oil Pipeline. This pipeline, roughly 1980 kilometers (1230 miles), will run from the Diffa Region in the Southeast of Niger to the Port Seme Terminal in Benin.
What are the major dynamics of edible oil industry in Benin?
Some of the major dynamics of the edible oil industry in Benin include: The edible oil market is segmented based on type, package, distribution channel, and end-users. Its growth around all these segments helps Benin to analyze the major growth segments in the industry and provides users with valuable market insights.
Who imports natural gas to Benin?
The company responsible for gas imports is Société Beninoise de Gaz. Natural gas is supplied to Benin by the West African Gas Pipeline . The West African Gas Pipeline Company Limited (WAPCo) owns the West African Gas Pipeline (WAGP). The pipeline transports natural gas and extends from Itoki, Nigeria to Benin, Togo, Ghana.