Karite Nuts Market

Karite nuts market: get newly released data featured by an Ai-driven market research platform. Statistics contain imports, market size, exports, trade, consumption, companies, market prices, and production. There is a breakdown by country, including the Middle East, the U.S., Latin America, China, the U.K., EU, Russia, and Africa. Market trends and outlook to 2030 are also featured in the snapshots.


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Karite Nuts - World's Largest Markets

RatingCountry
1Nigeria
2Mali
3Burkina Faso
4Denmark
5Ghana

In value terms, Nigeria led the market, alone. The second position in the ranking was occupied by Mali. It was followed by Burkina Faso.

In Nigeria, the karite (shea) nuts market contracted by an average annual rate of -10.1% over the period from 2018-2020. The remaining consuming countries recorded the following average annual rates of market growth: Mali (+39.7% per year) and Burkina Faso (+17.1% per year).

Karite (Shea) Nuts Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Mali132131131-0.4%
Nigeria360809302-8.4%
Burkina Faso428362395-3.9%
Ghana4854995405.5%
Benin12961272769-23.0%
Average389384361-3.7%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Benin ($769 per ton), while Mali ($131 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Ghana, while the other global leaders experienced a decline in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
United Statesn/a5155170.0%
Ghana3704183710.1%
Denmark2483162826.6%
Togo1772332057.6%
Burkina Faso14161813.4%
Average2603252712.1%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was the United States ($517 per ton), while Burkina Faso ($18 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Burkina Faso, while the other global leaders experienced more modest paces of growth.

Karite (Shea) Nuts - Top Importers

COUNTRY201820192020CAGR,
2018-2020
million USD
Ghana16291911.0%
Denmark303617-25.7%
Togo2.85.416137.6%
United Statesn/a8.8100.0%
Burkina Faso0.30.40.526.5%

In value terms, the largest karite (shea) nuts importing markets worldwide were Ghana ($19M), Denmark ($17M) and Togo ($16M), together comprising 79% of global imports.

In terms of the main importing countries, Togo (+137.6% per year) saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Karite (Shea) Nuts - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
million USD
Burkina Faso424440-2.4%
Ghana14301813.6%
Nigeria0.52.29.7339.3%
Mali6.46.56.4-0.1%
Benin9106-18.3%

In value terms, Burkina Faso ($40M) remains the largest karite (shea) nuts supplier worldwide, comprising 49% of global exports. The second position in the ranking was occupied by Ghana ($18M), with a 23% share of global exports. It was followed by Nigeria, with a 12% share.

In Burkina Faso, karite (shea) nuts exports plunged by an average annual rate of -2.4% over the period from 2018-2020. In the other countries, the average annual rates were as follows: Ghana (+13.6% per year) and Nigeria (+339.3% per year).

Karite (Shea) Nuts - Market Forecast

Depressed by shrinking demand for karite (shea) nuts worldwide, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of for the period from 2020 to 2030, which is projected to depress the market volume to by the end of 2030.

Karite (Shea) Nuts - Top Companies

Guangxi Nanning Lvhan Agriculture Co.,Ltd., Zhongxian Fengfu Agriculture Development Co., Ltd., Mengjin County Golden Tianye Family Farm, Shandong Binzhou Yanlaihong High Tech. Park Co.,Ltd., Yucheng County Zhongken Agriculture Development Co., Ltd., Zunyi Yumiao Eco-agriculture Co., Ltd., Changyang Yansongping Penggan Production & Marketing Specialty Cooperative, Wm. Bolthouse Farms, Inc., Nanle County Ruifang Plantation Specialty Cooperative, Hubei Lingshang Renjia Ecological Food Co.,Ltd., Yushan County Chuangyuan Family Farm, Yichang Hannongyuan Ecology Agricultural Development Co., Ltd., Guinan County Shuanghua Pollution Free Vegetables Plantation Specialty Cooperati ve, Guangzhou Conghua Suifeng Vegetables & Fruits Specialty Cooperative, Changyang En'shi Huinong Vegetables Farmer Cooperative, Xiangyang Xiangcheng District Chenshun Lotus Root Plantation Specialty Cooperati ve, Yuncheng Yanhu District Suhe Fengwang Fruits & Vegetables Plantation Specialty C ooperative, Huangyuan Xiaolin Vegetables Plantation Specialty Cooperative, Tanimura & Antle Fresh Foods, Inc., Jinjiang Feifei Gardening Crop Plantation Co.,Ltd.

Karite Nuts - Product Coverage

  • HS 120792 - Oleaginous fruits; shea nuts (karite nuts)
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World - Karite (Shea) Nuts - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the global karite (shea) nuts market.

Africa - Karite (Shea) Nuts - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the karite (shea) nuts market in Africa.

Southern Asia - Karite (Shea) Nuts - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the karite (shea) nuts market in Southern Asia.

Eastern Asia - Karite (Shea) Nuts - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the karite (shea) nuts market in Eastern Asia.

Latin America and the Caribbean - Karite (Shea) Nuts - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the karite (shea) nuts market in Latin America and the Caribbean.

South-Eastern Asia - Karite (Shea) Nuts - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the karite (shea) nuts market in South-Eastern Asia.

Central Asia - Karite (Shea) Nuts - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the karite (shea) nuts market in Central Asia.

Middle East - Karite (Shea) Nuts - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the karite (shea) nuts market in the Middle East.

Australia and Oceania - Karite (Shea) Nuts - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the karite (shea) nuts market in Australia and Oceania.

Northern America - Karite (Shea) Nuts - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the karite (shea) nuts market in Northern America.

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