Report World - Karite (Shea) Nuts - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Dec 1, 2022

World - Karite (Shea) Nuts - Market Analysis, Forecast, Size, Trends and Insights

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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

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for karite (shea) nuts in the world?
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The countries with the highest volumes of consumption in 2020 were Nigeria, Mali and Togo, with a combined 69% share of global consumption.
What are the largest producers of karite (shea) nuts in the world?
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The countries with the highest volumes of production in 2021 were Nigeria, Mali and Burkina Faso, together comprising 88% of global production.
What are the leading exporters of karite (shea) nuts in the world?
+
In value terms, the largest karite shea) nuts supplying countries worldwide were Burkina Faso, Ghana and Benin, together accounting for 85% of global exports. These countries were followed by Mali and Nigeria, which together accounted for a further 14%.
What are the leading importers of karite (shea) nuts in the world?
+
In value terms, the largest karite shea) nuts importing markets worldwide were Denmark, Ghana and Togo, with a combined 83% share of global imports. The United States and Burkina Faso lagged somewhat behind, together comprising a further 14%.
What is the average export price for karite (shea) nuts in the world?
+
In 2021, the average karite shea) nuts export price amounted to $373 per ton, surging by 3.3% against the previous year.
What is the average import price for karite (shea) nuts in the world?
+
The average karite shea) nuts import price stood at $299 per ton in 2021, surging by 10% against the previous year.

This report provides an in-depth analysis of the global karite (shea) nuts market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:

Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Harvested Area, By Country, 2007-2022
Table 7:
Yield, By Country, 2007-2022
Table 8:
Imports, In Physical Terms, By Country, 2012–2022
Table 9:
Imports, In Value Terms, By Country, 2012–2022
Table 10:
Import Prices, By Country Of Destination, 2012–2022
Table 11:
Exports, In Physical Terms, By Country, 2012–2022
Table 12:
Exports, In Value Terms, By Country, 2012–2022
Table 13:
Export Prices, By Country Of Origin, 2012–2022
Table 14:
Producer Prices, By Major Producing Country, 2022
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2012–2022
Figure 18:
Production, In Value Terms, 2012–2022
Figure 19:
Area Harvested, 2012–2022
Figure 20:
Yield, 2012–2022
Figure 21:
Production, By Country, 2022
Figure 22:
Production, In Physical Terms, By Country, 2012–2022
Figure 23:
Harvested Area, By Country, 2022
Figure 24:
Harvested Area, By Country, 2007-2022
Figure 25:
Yield, By Country, 2007-2022
Figure 26:
Imports, In Physical Terms, 2012–2022
Figure 27:
Imports, In Value Terms, 2012–2022
Figure 28:
Imports, In Physical Terms, By Country, 2022
Figure 29:
Imports, In Physical Terms, By Country, 2012–2022
Figure 30:
Imports, In Value Terms, By Country, 2012–2022
Figure 31:
Import Prices, By Country, 2012–2022
Figure 32:
Exports, In Physical Terms, 2012–2022
Figure 33:
Exports, In Value Terms, 2012–2022
Figure 34:
Exports, In Physical Terms, By Country, 2022
Figure 35:
Exports, In Physical Terms, By Country, 2012–2022
Figure 36:
Exports, In Value Terms, By Country, 2012–2022
Figure 37:
Export Prices, 2012–2022
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