Asia: Kola Nut Market 2023

Kola Nut Market Size in Asia

The Asian kola nut market expanded sharply to $X in 2021, surging by 14% against the previous year. Overall, consumption showed a prominent increase. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Kola Nut Production in Asia

In value terms, kola nut production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2018 with an increase of 16% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

India (X tons) constituted the country with the largest volume of kola nut production, comprising approx. 54% of total volume. Moreover, kola nut production in India exceeded the figures recorded by the second-largest producer, Singapore (X tons), twofold. Israel (X tons) ranked third in terms of total production with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume in India was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Singapore (+0.9% per year) and Israel (+1.9% per year).

Kola Nut Exports

Exports in Asia

In 2021, the amount of kola nuts exported in Asia shrank slightly to X tons, with a decrease of -2.6% on the year before. In general, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2015 with an increase of 83% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, kola nut exports rose markedly to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 85%. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India dominates exports structure, accounting for X tons, which was near 93% of total exports in 2021. The following exporters - the United Arab Emirates (X tons) and Pakistan (X tons) - each accounted for a 3.7% share of total exports.

Exports from India decreased at an average annual rate of -3.8% from 2012 to 2021. At the same time, Pakistan (+46.5%) and the United Arab Emirates (+27.5%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Asia, with a CAGR of +46.5% from 2012-2021. While the share of India (+12 p.p.), the United Arab Emirates (+1.9 p.p.) and Pakistan (+1.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest kola nut supplier in Asia, comprising 89% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 3% share of total exports.

From 2012 to 2021, the average annual growth rate of value in India totaled +1.8%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+32.2% per year) and Pakistan (+41.5% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, growing by 10% against the previous year. Over the period under review, the export price recorded resilient growth. The growth pace was the most rapid in 2014 when the export price increased by 114% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.8%), while the other leaders experienced mixed trends in the export price figures.

Kola Nut Imports

Imports in Asia

In 2021, kola nut imports in Asia surged to X tons, growing by 19% against 2020 figures. In general, imports posted a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 285% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, kola nut imports skyrocketed to $X in 2021. Overall, imports enjoyed resilient growth. The pace of growth was the most pronounced in 2016 when imports increased by 190% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Bahrain prevails in imports structure, recording X tons, which was approx. 83% of total imports in 2021. China (X tons) took the second position in the ranking, followed by India (X tons). All these countries together took near 12% share of total imports. Yemen (X tons) took a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to kola nut imports into Bahrain stood at +21.5%. At the same time, India (+56.0%), Yemen (+18.0%) and China (+14.0%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia, with a CAGR of +56.0% from 2012-2021. From 2012 to 2021, the share of Bahrain and India increased by +11 and +4.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bahrain ($X) constitutes the largest market for imported kola nuts in Asia, comprising 88% of total imports. The second position in the ranking was taken by India ($X), with an 8.5% share of total imports. It was followed by Yemen, with a 1.2% share.

In Bahrain, kola nut imports expanded at an average annual rate of +20.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (+49.5% per year) and Yemen (+10.4% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, with an increase of 3.5% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the import price increased by 55% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (-0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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