U.S.: Kola Nut Market Overview 2021

Kola Nut Market Size in the U.S.

The U.S. kola nut market soared to $X in 2019, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted strong growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the market reached the peak level in 2019 and is likely to continue growth in the near future.

Kola Nut Exports

Exports from the U.S.

In 2019, approx. X tonnes of kola nuts were exported from the U.S.; shrinking by -X% compared with the previous year. In general, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% y-o-y. As a result, exports attained the peak of X tonnes. From 2016 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, kola nut exports dropped to $X in 2019. Overall, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by X% y-o-y. Exports peaked at $X in 2018, and then contracted in the following year.

Exports by Country

India (X tonnes), Germany (X tonnes) and Spain (X tonnes) were the main destinations of kola nut exports from the U.S., with a combined X% share of total exports. Saudi Arabia and the Czech Republic lagged somewhat behind, together accounting for a further X 2012 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (+X% per year), while exports for the other leaders experienced more modest paces of growth.

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

From 2012 to 2019, the average annual rate of growth in terms of value to India amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+X% per year) and Spain (+X% per year).

Export Prices by Country

In 2019, the average kola nut export price amounted to $X per tonne, jumping by X% against the previous year. Over the period under review, the export price showed a buoyant increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per tonne. From 2018 to 2019, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was the Czech Republic ($X per tonne), while the average price for exports to Germany ($X per tonne) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic, while the prices for the other major destinations experienced mixed trend patterns.

Kola Nut Imports

Imports into the U.S.

For the fourth year in a row, the U.S. recorded growth in supplies from abroad of kola nuts, which increased by X% to X tonnes in 2019. Over the period under review, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Imports peaked in 2019 and are expected to retain growth in the immediate term.

In value terms, kola nut imports skyrocketed to $X in 2019. Overall, imports saw a strong increase. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Imports peaked in 2019 and are likely to see steady growth in the near future.

Imports by Country

Cote d'Ivoire (X tonnes), Jamaica (X tonnes) and Guinea (X tonnes) were the main suppliers of kola nut imports to the U.S., together accounting for X% of total imports.

From 2012 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Cote d'Ivoire, while imports for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X) constituted the largest supplier of kola nut to the U.S., comprising X% of total imports. The second position in the ranking was occupied by Jamaica ($X), with a X% share of total imports.

From 2012 to 2019, the average annual growth rate of value from Cote d'Ivoire stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Jamaica (+X% per year) and Guinea (+X% per year).

Import Prices by Country

In 2019, the average kola nut import price amounted to $X per tonne, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The import price peaked at $X per tonne in 2016; however, from 2017 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Cote d'Ivoire ($X per tonne), while the price for Guinea ($X per tonne) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Guinea, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

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

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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. Cameroon (51K tonnes) ranked third in terms of total consumption with a 16% share.

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

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The country with the largest volume of kola nut production was Nigeria (161K tonnes), accounting for 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 the U.S.?

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In value terms, Cote d'Ivoire ($7.3M) constituted the largest supplier of kola nut to the U.S., comprising 80% of total imports. The second position in the ranking was occupied by Jamaica ($1.7M), with a 19% share of total imports.

What are the leading importers of kola nuts from the U.S.?

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In value terms, India ($189K) emerged as the key foreign market for kola nut exports from the U.S., comprising 58% of total exports. The second position in the ranking was occupied by Saudi Arabia ($60K), with a 19% share of total exports. It was followed by Spain, with a 9.9% share.

What is the average export price for kola nuts in the U.S.?

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The average kola nut export price stood at $6,476 per tonne in 2019, picking up by 78% against the previous year.

What is the average import price for kola nuts in the U.S.?

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In 2019, the average kola nut import price amounted to $7,922 per tonne, approximately mirroring the previous year.