EU: Karite (Shea) Nuts Market 2022

Karite (Shea) Nuts Imports

Imports in the EU

In 2021, after two years of decline, there was significant growth in purchases abroad of karite (shea) nuts, when their volume increased by 44% to X tons. Overall, imports recorded resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 150%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, karite (shea) nuts imports soared to $X in 2021. Total imports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -26.0% against 2019 indices. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Denmark prevails in imports structure, reaching X tons, which was near 96% of total imports in 2021. Sweden (X tons) followed a long way behind the leaders.

Imports into Denmark increased at an average annual rate of +10.6% from 2012 to 2021. At the same time, Sweden (+17.2%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing importer imported in the European Union, with a CAGR of +17.2% from 2012-2021. While the share of Denmark (+6.2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) constitutes the largest market for imported karite (shea) nuts in the European Union, comprising 95% of total imports. The second position in the ranking was held by Sweden ($X), with a 3.6% share of total imports.

In Denmark, karite (shea) nuts imports expanded at an average annual rate of +5.4% over the period from 2012-2021.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, growing by 6.9% against the previous year. Overall, the import price, however, recorded a deep reduction. The pace of growth was the most pronounced in 2019 when the import price increased by 25% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Sweden ($X per ton), while Denmark totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (-4.7%).

Source: IndexBox Market Intelligence Platform

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