Brazil: Kola Nut Market 2022

Kola Nut Market Size in Brazil

The Brazilian kola nut market shrank significantly to $X in 2021, with a decrease of -X% against the previous year. Overall, consumption, however, continues to indicate significant growth. Kola nut consumption peaked at $X in 2020, and then reduced rapidly in the following year.

Kola Nut Production in Brazil

In value terms, kola nut production dropped to $X in 2021 estimated in export price. In general, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. Kola nut production peaked at $X in 2020, and then contracted in the following year.

In 2021, the average yield of kola nuts in Brazil stood at less than X kg per ha, stabilizing at the year before. Overall, 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.

The kola nut harvested area in Brazil amounted to less than X ha in 2021, approximately mirroring the previous year. In general, the harvested area continues to indicate a relatively flat trend pattern.

Kola Nut Exports

Exports from Brazil

Kola nut exports from Brazil soared to X tons in 2021, increasing by X% against the year before. Over the period under review, exports, however, continue to indicate a pronounced curtailment. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, kola nut exports soared to $X in 2021. In general, exports enjoyed a tangible increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons) was the main destination for kola nut exports from Brazil, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled +X%.

In value terms, France ($X) also remains the key foreign market for kola nut exports from Brazil.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled +X%.

Export Prices by Country

In 2021, the average kola nut export price amounted to $X per ton, declining by -X% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 an increase of X%. The export price peaked at $X per ton in 2020, and then fell remarkably in the following year.

As there is only one major export destination, the average price level is determined by prices for France.

From 2012 to 2021, the rate of growth in terms of prices for France amounted to -X% per year.

Kola Nut Imports

Imports into Brazil

In 2021, approx. X tons of kola nuts were imported into Brazil; waning by -X% on the year before. In general, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at X tons in 2020, and then fell in the following year.

In value terms, kola nut imports declined dramatically to $X in 2021. Overall, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2016 when imports increased by X%. Imports peaked at $X in 2020, and then shrank sharply in the following year.

Imports by Country

In 2021, Nigeria (X tons) was the main supplier of kola nut to Brazil, accounting for a approx. X% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Nigeria totaled +X%.

In value terms, Nigeria ($X) constituted the largest supplier of kola nut to Brazil.

From 2012 to 2021, the average annual rate of growth in terms of value from Nigeria stood at +X%.

Import Prices by Country

In 2021, the average kola nut import price amounted to $X per ton, which is down by -X% against the previous year. Over the period under review, the import price, however, showed a strong expansion. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Nigeria.

From 2012 to 2021, the rate of growth in terms of prices for Nigeria amounted to +X% per year.

Source: IndexBox Market Intelligence Platform