EU: Karite (Shea) Nuts Market Overview 2021

Karite (Shea) Nuts Market Size in the EU

For the thirteenth consecutive year, the EU karite (shea) nuts market recorded decline in sales value, which decreased by -% to X in 2020. The market value decreased at an average annual rate of nan% over the period from 2007 to 2020; however, the trend pattern remained consistent, with only minor fluctuations in certain years.

Karite (Shea) Nuts Production in the EU

The countries with the highest volumes of karite (shea) nuts production in 2019 were Nigeria (X tonnes), Mali (X tonnes) and Burkina Faso (X tonnes), with a combined X% share of total production.

Production by Country in the EU

The countries with the highest volumes of karite (shea) nuts production in 2019 were Nigeria (X tonnes), Mali (X tonnes) and Burkina Faso (X tonnes), with a combined X% share of total production.

From 2007 to 2019, the most notable rate of growth in terms of karite (shea) nuts production, amongst the leading producing countries, was attained by Mali, while karite (shea) nuts production for the other leaders experienced more modest paces of growth.

Karite (Shea) Nuts Exports

Export Prices by Country

The karite (shea) nuts export price in the European Union stood at X in 2020, approximately reflecting-% against the previous year. Over the period from 2007 to 2020, it decreased at an average annual rate of nan%.

There were significant differences in the average prices amongst the major exporting countries. in 2020, the country with the highest price was Benin ($X per tonne), while Mali ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Togo, while the other leaders experienced more modest paces of growth.

Karite (Shea) Nuts Imports

Imports in the EU

In 2020, the amount of karite (shea) nuts imported in the European Union contracted rapidly to X tonnes, which is down by -X% against the year before. in general, imports, however, posted a prominent expansion. The growth pace was the most rapid in 2015 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

In value terms, karite (shea) nuts imports fell remarkably to $X in 2020. Overall, imports, however, saw a mild setback. The pace of growth appeared the most rapid in 2011 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2019, and then fell notably in the following year.

Imports by Country

Denmark prevails in karite (shea) nuts imports structure, reaching X tonnes, which was near X% of total imports in 2020. It was distantly followed by Sweden (X tonnes), creating a X% share of total imports.

Imports into Denmark increased at an average annual rate of +X% from 2007 to 2020. at the same time, Sweden (+X%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing importer imported in the European Union, with a CAGR of +X% from 2007-2020. From 2007 to 2020, the share of Denmark and Sweden increased by +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) constitutes the largest market for imported karite (shea) nuts in the European Union, comprising X% of total imports. The second position in the ranking was occupied by Sweden ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value in Denmark was relatively modest.

Import Prices by Country

In 2020, the karite (shea) nuts import price in the European Union amounted to $X per tonne, dropping by -X% against the previous year. Overall, the import price showed a abrupt contraction. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. The level of import peaked at $X per tonne in 2007; however, from 2008 to 2020, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major importing countries. in 2020, the country with the highest price was Sweden ($X per tonne), while Denmark totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Sweden.

Source: IndexBox Platform