U.S. - Kola Nuts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingKola Nut Price in the United States - 2023
Contents:
- Kola Nut Price in the United States (CIF) - 2022
- Kola Nut Price in the United States (FOB) - 2022
- Kola Nut Imports in the United States
- Kola Nut Exports in the United States
Kola Nut Price in the United States (CIF) - 2022
The average kola nut import price stood at $9,227 per ton in 2022, surging by 41% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Cote d'Ivoire ($11,916 per ton), while the price for Guinea ($3,046 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Kola Nut Price in the United States (FOB) - 2022
The average kola nut export price stood at $2,464 per ton in 2022, declining by -8.4% against the previous year. Over the period under review, the export price, however, enjoyed temperate growth. The pace of growth was the most pronounced in 2015 when the average export price increased by 546%. As a result, the export price reached the peak level of $10,449 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($11,890 per ton), while the average price for exports to Mexico stood at $1,246 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+43.5%), while the prices for the other major destinations experienced mixed trend patterns.
Kola Nut Imports in the United States
In 2022, purchases abroad of kola nuts was finally on the rise to reach 834 tons after two years of decline. Overall, imports, however, faced a abrupt curtailment.
In value terms, kola nut imports surged to $7.7M in 2022. In general, imports, however, saw a deep contraction.
| Import of Kola Nut in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 7.3 | 3.9 | 1.6 | 6.1 | -5.8% |
| Jamaica | 1.7 | 1.5 | 1.6 | 1.4 | -6.3% |
| Nigeria | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Guinea | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 9.1 | 5.5 | 3.4 | 7.7 | -5.4% |
Top Suppliers of Kola Nut to the United States in 2022:
- Cote d'Ivoire (515.6 tons)
- Jamaica (276.3 tons)
- Nigeria (22.4 tons)
- Guinea (11.7 tons)
Kola Nut Exports in the United States
In 2022, approx. 90 tons of kola nuts were exported from the United States; surging by 70% compared with the previous year's figure. Overall, exports, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2020 with an increase of 80%. As a result, the exports reached the peak of 176 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, kola nut exports soared to $222K in 2022. In general, exports continue to indicate a temperate expansion. The growth pace was the most rapid in 2020 with an increase of 131% against the previous year. As a result, the exports reached the peak of $466K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Kola Nut in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 71.9 | 210 | 20.2 | 123 | 19.6% |
| Mexico | N/A | 115 | 58.9 | 99.5 | -7.0% |
| Spain | 31.9 | 103 | 60.4 | N/A | 37.6% |
| Chile | N/A | 9.8 | N/A | N/A | 0% |
| France | 55.4 | N/A | N/A | N/A | 0% |
| Canada | 15.1 | 13.6 | N/A | N/A | -9.9% |
| Brazil | 9.0 | N/A | N/A | N/A | 0% |
| Others | 18.1 | 14.9 | 3.6 | N/A | -55.4% |
| Total | 201 | 466 | 143 | 222 | 3.4% |
Top Export Markets for Kola Nut from the United States in 2022:
- Mexico (79.9 tons)
- India (10.3 tons)
This report provides an in-depth analysis of the kola nut market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 224 - Kolanuts
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In August 2022, the kola nut price per ton amounted to $4.8K, surging by 38% against the previous month.
859
In May 2022, the kola nut price per ton amounted to $2,407 (CIF, US), waning by -80.4% against the previous month.
237
Export of nuts, in terms of value, decreased to $221M in July 2023.
409
In August 2022, the almond price per ton amounted to $4,103, declining by -6.3% against the previous month.
2348
In May 2022, the almond price per ton amounted to $4,036 (FOB, US), surging by 4.7% against the previous month.
925
U.S. almond exports hit a record high of approx. $1.1B in 2020, which was equal to 296K tons. An increase in harvested area, especially in California, led to a higher almond output that enabled to propel exports. India became the main importer of American almonds, accounting for 74% of the total export volume.
67
Export volumes of Shelled Walnuts reached a peak of 154K tons in 2022, but experienced a decline the next year. In terms of value, exports significantly decreased to $625M in 2023.
640
In Feb 2023, shelled walnut prices were $4,260/ton (FOB, US), a -1.7% change compared to the previous month.
260
In November 2022, the shelled walnut price stood at $4,472 per ton (FOB, US), falling by -4.6% against the previous month.
869
In August 2022, the walnut price per ton amounted to $4,374, waning by -3.1% against the previous month.
