EU: Kola Nut Market 2023

Kola Nut Market Size in the EU

In 2021, the EU kola nut market increased by 26% to $X, rising for the third consecutive year after two years of decline. The total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +34.5% against 2018 indices. Over the period under review, the market attained the maximum level in 2021 and is likely to continue growth in the near future.

Kola Nut Production in the EU

In value terms, kola nut production dropped to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 36% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

The Netherlands (X tons) remains the largest kola nut producing country in the European Union, comprising approx. 75% of total volume. Moreover, kola nut production in the Netherlands exceeded the figures recorded by the second-largest producer, Italy (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume in the Netherlands was relatively modest. In the other countries, the average annual rates were as follows: Italy (-0.0% per year) and Greece (+1.5% per year).

Kola Nut Exports

Exports in the EU

Kola nut exports dropped to X tons in 2021, with a decrease of -8.7% on 2020. Over the period under review, exports showed a deep slump. The growth pace was the most rapid in 2020 with an increase of 183% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, kola nut exports declined to $X in 2021. Overall, exports showed a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of 116%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Belgium (X tons) and Germany (X tons) represented the key exporters of kola nuts in 2021, amounting to approx. 35% and 27% of total exports, respectively. It was distantly followed by France (X tons), Italy (X tons) and the Netherlands (X tons), together making up a 34% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Italy (with a CAGR of +28.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest kola nut supplying countries in the European Union were the Netherlands ($X), Germany ($X) and Belgium ($X), with a combined 73% share of total exports. These countries were followed by Italy and France, which together accounted for a further 19%.

Among the main exporting countries, Italy, with a CAGR of +18.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, with an increase of 5.8% against the previous year. Overall, the export price, however, saw a abrupt curtailment. The growth pace was the most rapid in 2017 when the export price increased by 51%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat 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 Netherlands ($X per ton), while France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.1%), while the other leaders experienced a decline in the export price figures.

Kola Nut Imports

Imports in the EU

For the third year in a row, the European Union recorded growth in overseas purchases of kola nuts, which increased by 17% to X tons in 2021. In general, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, kola nut imports skyrocketed to $X in 2021. Total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +68.3% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, France (X tons) represented the largest importer of kola nuts, achieving 62% of total imports. It was distantly followed by Germany (X tons), Spain (X tons), Belgium (X tons) and Italy (X tons), together comprising a 33% share of total imports. The Netherlands (X tons) took a minor share of total imports.

Imports into France increased at an average annual rate of +4.0% from 2012 to 2021. At the same time, Italy (+29.9%) and Spain (+15.0%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing importer imported in the European Union, with a CAGR of +29.9% from 2012-2021. Germany and Belgium experienced a relatively flat trend pattern. By contrast, the Netherlands (-4.8%) illustrated a downward trend over the same period. France (+15 p.p.), Italy (+4.1 p.p.) and Spain (+3.5 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) constitutes the largest market for imported kola nuts in the European Union, comprising 58% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports. It was followed by Spain, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in France totaled +7.8%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+3.8% per year) and Spain (+14.5% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, increasing by 11% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the import price increased by 30% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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