Brazil: Kola Nut Market Overview 2021

Kola Nut Market Size in Brazil

In 2019, the Brazilian kola nut market decreased by -X% to $X for the first time since 2015, thus ending a three-year rising trend. In general, consumption, however, enjoyed significant growth. The pace of growth was the most pronounced in 2013 when the market value increased by X% against the previous year. Over the period under review, the market attained the peak level at $X in 2018, and then contracted slightly in the following year.

Kola Nut Production in Brazil

In value terms, kola nut production amounted to $X in 2019 estimated in export prices. Over the period under review, the total production indicated a strong expansion from 2012 to 2019: its value increased at an average annual rate of +X% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2016 indices. The growth pace was the most rapid in 2014 when the production volume increased by X% year-to-year. Kola nut production peaked in 2019 and is expected to retain growth in the immediate term.

In 2019, the average kola nut yield in Brazil stood at X kg per ha, almost unchanged from 2018 figures. Over the period under review, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the kola nut harvested area in Brazil amounted to X ha, remaining constant against the previous year's figure. Overall, the harvested area recorded a relatively flat trend pattern.

Kola Nut Exports

Exports from Brazil

In 2019, shipments abroad of kola nuts increased by X% to X tonnes, rising for the third year in a row after four years of decline. In general, exports, however, showed a significant curtailment. Exports peaked at X tonnes in 2012; however, from 2013 to 2019, exports remained at a lower figure.

In value terms, kola nut exports soared to $X in 2019. Overall, exports, however, continue to indicate a deep slump. Over the period under review, exports hit record highs at $X in 2012; however, from 2013 to 2019, exports failed to regain the momentum.

Exports by Country

France (X tonnes) was the main destination for kola nut exports from Brazil, accounting for a X% share of total exports. Moreover, kola nut exports to France exceeded the volume sent to the second major destination, the U.S. (X kg), threefold.

From 2012 to 2019, the average annual rate of growth in terms of volume to France was relatively modest.

In value terms, France ($X) emerged as the key foreign market for kola nut exports from Brazil, comprising X% of total exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of value to France was relatively modest.

Export Prices by Country

In 2019, the average kola nut export price amounted to $X per tonne, leveling off at the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2019: its price increased at an average annual rate of +X% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, kola nut export price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs at $X per tonne in 2014; however, from 2015 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per tonne), while the average price for exports to the U.S. amounted to $X per tonne.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the U.S..

Kola Nut Imports

Imports into Brazil

In 2019, supplies from abroad of kola nuts increased by X% to X tonnes, rising for the fourth year in a row after three years of decline. Over the period under review, imports showed significant growth. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2019 and are expected to retain growth in years to come.

In value terms, kola nut imports rose rapidly to $X in 2019. Overall, imports showed significant growth. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure in 2019 and are expected to retain growth in the immediate term.

Imports by Country

The U.S. (X tonnes) and Nigeria (X tonnes) were the main suppliers of kola nut imports to Brazil.

From 2012 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Nigeria.

In value terms, Nigeria ($X) and the U.S. ($X) appeared to be the largest kola nut suppliers to Brazil.

Among the main suppliers, Nigeria saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average kola nut import price stood at $X per tonne in 2019, approximately equating the previous year. Over the period under review, the import price showed strong growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum in 2019 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Nigeria ($X per tonne), while the price for the U.S. stood at $X per tonne.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Nigeria.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for kola nuts in the world?

+

Nigeria (162K tonnes) remains the largest kola nut consuming country worldwide, comprising approx. 51% of total volume. Moreover, kola nut consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Cote d'Ivoire (60K tonnes), threefold. The third position in this ranking was occupied by Cameroon (51K tonnes), with a 16% share.

What are the largest producers of kola nuts in the world?

+

The country with the largest volume of kola nut production was Nigeria (161K tonnes), comprising approx. 52% of total volume. Moreover, kola nut production in Nigeria exceeded the figures recorded by the second-largest producer, Cote d'Ivoire (60K tonnes), threefold. Cameroon (51K tonnes) ranked third in terms of total production with a 16% share.

What are the leading suppliers of kola nuts to Brazil?

+

In value terms, the largest kola nut suppliers to Brazil were Nigeria ($6K) and the U.S. ($5K).

What are the leading importers of kola nuts from Brazil?

+

In value terms, France ($7.8K) emerged as the key foreign market for kola nut exports from Brazil, comprising 82% of total exports. The second position in the ranking was occupied by the U.S. ($1.7K), with a 18% share of total exports.

What is the average export price for kola nuts in Brazil?

+

The average kola nut export price stood at $6,069 per tonne in 2019, leveling off at the previous year.

What is the average import price for kola nuts in Brazil?

+

In 2019, the average kola nut import price amounted to $2,472 per tonne, stabilizing at the previous year.