Global Karite (Shea) Nuts Market Overview 2021

Karite (Shea) Nuts Market Size

After three years of growth, the global karite (shea) nuts market decreased by -X% to $X in 2020. in general, consumption recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the market value increased by X% against the previous year. Global consumption peaked at $X in 2008; however, from 2009 to 2020, consumption stood at a somewhat lower figure.

Karite (Shea) Nuts Production

In value terms, karite (shea) nuts production contracted to $X in 2020 estimated in export prices. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% y-o-y. Global production peaked at $X in 2008; however, from 2009 to 2020, production failed to regain the momentum.

Production by Country

The countries with the highest volumes of karite (shea) nuts production in 2020 were Nigeria (X tonnes), Mali (X tonnes) and Burkina Faso (X tonnes), with a combined X% share of global production.

From 2007 to 2020, the biggest increases were in Mali, while karite (shea) nuts production for the other global leaders experienced more modest paces of growth.

Karite (Shea) Nuts Exports

Exports

In 2020, after two years of growth, there was significant decline in overseas shipments of karite (shea) nuts, when their volume decreased by -X% to X tonnes. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, global exports hit record highs at X tonnes in 2019, and then contracted in the following year.

In value terms, karite (shea) nuts exports dropped to $X in 2020. Overall, exports, however, recorded mild growth. The pace of growth was the most pronounced in 2011 when exports increased by X% year-to-year. Global exports peaked at $X in 2019, and then fell in the following year.

Exports by Country

In 2020, Burkina Faso (X tonnes) represented the major exporter of karite (shea) nuts, committing X% of total exports. It was distantly followed by Mali (X tonnes), Ghana (X tonnes) and Nigeria (X tonnes), together constituting a X% share of total exports. Benin (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to karite (shea) nuts exports from Burkina Faso stood at -X%. at the same time, Nigeria (+X%) and Mali (+X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2020. Benin experienced a relatively flat trend pattern. by contrast, Ghana (-X%) illustrated a downward trend over the same period. Nigeria (+X p.p.) and Mali (+X p.p.) significantly strengthened its position in terms of the global exports, while Ghana and Burkina Faso saw its share reduced by -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Burkina Faso ($X) remains the largest karite (shea) nuts supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by Ghana ($X), with a X% share of global exports. It was followed by Nigeria, with a X% share.

In Burkina Faso, karite (shea) nuts exports expanded at an average annual rate of +X% over the period from 2007-2020. in the other countries, the average annual rates were as follows: Ghana (-X% per year) and Nigeria (+X% per year).

Export Prices by Country

In 2020, the average karite (shea) nuts export price amounted to $X per tonne, with a decrease of -X% against the previous year. in general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. Global export price peaked at $X per tonne in 2015; however, from 2016 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. in 2020, the country with the highest price was Benin ($X per tonne), while Mali ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Benin, while the other global leaders experienced more modest paces of growth.

Karite (Shea) Nuts Imports

Imports

After two years of growth, purchases abroad of karite (shea) nuts decreased by -X% to X tonnes in 2020. Over the period under review, imports, however, showed a measured increase. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. Over the period under review, global imports attained the peak figure at X tonnes in 2019, and then shrank in the following year.

In value terms, karite (shea) nuts imports reduced dramatically to $X in 2020. in general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, global imports reached the maximum at $X in 2019, and then fell notably in the following year.

Imports by Country

Togo (X tonnes), Denmark (X tonnes) and Ghana (X tonnes) represented roughly X% of total imports of karite (shea) nuts in 2020. Burkina Faso (X tonnes) occupied the next position in the ranking, followed by the U.S. (X tonnes). All these countries together held near X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the U.S. (+X% per year), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest karite (shea) nuts importing markets worldwide were Ghana ($X), Denmark ($X) and Togo ($X), together accounting for X% of global imports. These countries were followed by the U.S. and Burkina Faso, which together accounted for a further X U.S. (+X% per year) recorded the highest growth rate of the value of imports, in terms of 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

In 2020, the average karite (shea) nuts import price amounted to $X per tonne, which is down by -X% against the previous year. Overall, the import price showed a noticeable curtailment. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per tonne in 2007; however, from 2008 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while Burkina Faso ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Togo, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform