Asia: Karite (Shea) Nuts Market 2022

Karite (Shea) Nuts Imports

Imports in Asia

Karite (shea) nuts imports declined to X tons in 2021, shrinking by -6.1% against the year before. Over the period under review, imports showed a deep reduction. The most prominent rate of growth was recorded in 2013 when imports increased by 137%. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, karite (shea) nuts imports contracted slightly to $X in 2021. In general, imports faced a deep downturn. The growth pace was the most rapid in 2013 when imports increased by 61%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India was the largest importer of karite (shea) nuts in Asia, with the volume of imports recording X tons, which was near 78% of total imports in 2021. It was distantly followed by Singapore (X tons), achieving a 20% share of total imports. Malaysia (X tons) held a little share of total imports.

India was also the fastest-growing in terms of the karite (shea) nuts imports, with a CAGR of -1.8% from 2012 to 2021. Malaysia (-28.4%) and Singapore (-28.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India increased by +62 percentage points.

In value terms, India ($X) constitutes the largest market for imported karite (shea) nuts in Asia, comprising 63% of total imports. The second position in the ranking was taken by Singapore ($X), with a 31% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in India was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (-19.0% per year) and Malaysia (-16.3% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, rising by 6.3% against the previous year. Overall, the import price enjoyed a strong expansion. The pace of growth was the most pronounced in 2016 an increase of 88% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Malaysia ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+16.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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