Global Karite (Shea) Nuts Market 2022

Karite (Shea) Nuts Market Size

The global karite (shea) nuts market reached $X in 2021, surging by 4.4% against the previous year. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Karite (Shea) Nuts Production

In value terms, karite (shea) nuts production rose to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the production volume increased by 16% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, global production growth failed to regain momentum.

Karite (Shea) Nuts Exports

Exports

In 2021, global karite (shea) nuts exports expanded modestly to X tons, rising by 4.1% against 2020. Over the period under review, total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -3.8% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of 51%. The global exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, karite (shea) nuts exports rose markedly to $X in 2021. Overall, total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -6.6% against 2019 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 52%. The global exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Burkina Faso represented the largest exporting country with an export of about X tons, which resulted at 48% of total exports. Mali (X tons) took the second position in the ranking, followed by Ghana (X tons) and Nigeria (X tons). All these countries together held near 49% share of total exports. Benin (X tons) took a minor share of total exports.

Exports from Burkina Faso increased at an average annual rate of +4.9% from 2012 to 2021. At the same time, Nigeria (+46.6%), Mali (+40.3%), Benin (+16.7%) and Ghana (+1.8%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in the world, with a CAGR of +46.6% from 2012-2021. While the share of Mali (+19 p.p.), Nigeria (+7 p.p.) and Benin (+1.7 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Burkina Faso (-14 p.p.) and Ghana (-14.1 p.p.) displayed negative dynamics.

In value terms, the largest karite (shea) nuts supplying countries worldwide were Burkina Faso ($X), Ghana ($X) and Benin ($X), together comprising 85% of global exports. These countries were followed by Mali and Nigeria, which together accounted for a further 14%.

Nigeria, with a CAGR of +37.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average karite (shea) nuts export price amounted to $X per ton, with an increase of 3.3% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 12%. The global export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Benin ($X per ton), while Mali ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Benin (+13.7%), while the other global leaders experienced more modest paces of growth.

Karite (Shea) Nuts Imports

Imports

In 2021, approx. X tons of karite (shea) nuts were imported worldwide; increasing by 2.8% compared with the year before. Over the period under review, imports recorded a strong increase. The pace of growth was the most pronounced in 2013 with an increase of 39% against the previous year. Over the period under review, global imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, karite (shea) nuts imports rose rapidly to $X in 2021. In general, imports recorded a strong expansion. The growth pace was the most rapid in 2019 with an increase of 52% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of global imports failed to regain momentum.

Imports by Country

The countries with the highest levels of karite (shea) nuts imports in 2021 were Denmark (X tons), Ghana (X tons) and Togo (X tons), together recording 80% of total import. Burkina Faso (X tons) held the next position in the ranking, followed by the United States (X tons). All these countries together took near 18% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Burkina Faso (with a CAGR of +37.2%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Ghana ($X) and Togo ($X) were the countries with the highest levels of imports in 2021, with a combined 83% share of global imports. The United States and Burkina Faso lagged somewhat behind, together comprising a further 14%.

Burkina Faso, with a CAGR of +64.8%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average karite (shea) nuts import price stood at $X per ton in 2021, increasing by 10% against the previous year. In general, the import price, however, continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2019 an increase of 25%. Global import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Togo (+15.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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