Western Africa: Kola Nut Market 2024

Kola Nut Market Size in Western Africa

The West African kola nut market declined to $X in 2022, shrinking by X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Kola Nut Production in Western Africa

In value terms, kola nut production declined to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of kola nut production was Nigeria (X tons), accounting for X% of total volume. Moreover, kola nut production in Nigeria exceeded the figures recorded by the second-largest producer, Cote d'Ivoire (X tons), threefold. Ghana (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Nigeria stood at X%. The remaining producing countries recorded the following average annual rates of production growth: Cote d'Ivoire (X% per year) and Ghana (X% per year).

The average kola nut yield amounted to X kg per ha in 2022, remaining stable against the previous year. Over the period under review, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the yield attained the peak level of X kg per ha. From 2015 to 2022, the growth of the kola nut yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of kola nuts were harvested in Western Africa; leveling off at 2021. Over the period under review, the harvested area showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to kola nut production attained the peak figure at X ha in 2015; however, from 2016 to 2022, the harvested area failed to regain momentum.

Kola Nut Exports

Exports in Western Africa

In 2022, the amount of kola nuts exported in Western Africa plummeted to X tons, reducing by X% on 2021. In general, exports continue to indicate a mild decrease. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, kola nut exports dropped significantly to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire was the key exporting country with an export of around X tons, which resulted at X% of total exports. Sierra Leone (X tons) held the second position in the ranking, distantly followed by Nigeria (X tons). All these countries together held near X% share of total exports. Guinea (X tons), Ghana (X tons) and Senegal (X tons) held a minor share of total exports.

Exports from Cote d'Ivoire decreased at an average annual rate of X% from 2012 to 2022. At the same time, Senegal (X%), Guinea (X%) and Sierra Leone (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Ghana (X%) and Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sierra Leone, Guinea and Senegal increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) emerged as the largest kola nut supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Sierra Leone ($X), with an X% share of total exports. It was followed by Guinea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Cote d'Ivoire was relatively modest. In the other countries, the average annual rates were as follows: Sierra Leone (X% per year) and Guinea (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, with an increase of X% against the previous year. Export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced a decline in the export price figures.

Kola Nut Imports

Imports in Western Africa

In 2022, after two years of growth, there was significant decline in purchases abroad of kola nuts, when their volume decreased by X% to X tons. Overall, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then contracted rapidly in the following year.

In value terms, kola nut imports declined significantly to $X in 2022. In general, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Burkina Faso (X tons) represented roughly X% of total imports in 2022.

Burkina Faso was also the fastest-growing in terms of the kola nuts imports, with a CAGR of X% from 2012 to 2022. Burkina Faso (X 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, Burkina Faso ($X) constitutes the largest market for imported kola nuts in Western Africa.

From 2012 to 2022, the average annual growth rate of value in Burkina Faso amounted to X%.

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, declining by X% against the previous year. Overall, the import price continues to indicate a sharp shrinkage. The growth pace was the most rapid in 2016 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Burkina Faso amounted to X% per year.

Source: IndexBox Platform

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