World - Kola Nuts - Market Analysis, Forecast, Size, Trends and Insights

Global Kola Nut Market Overview 2019

Kola Nut Market Size

The global kola nut market revenue amounted to $X in 2018, jumping by X% against the previous year. Overall, kola nut consumption, however, continues to indicate an outstanding increase. The pace of growth was the most pronounced in 2018, with an increase of X% y-o-y. In that year, the global kola nut market reached its peak level, and is likely to continue its growth in the immediate term.

Kola Nut Production

In value terms, kola nut production stood at $X in 2018 estimated in export prices. Overall, kola nut production continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2018, when it surged by X% against the previous year. In that year, global kola nut production reached its peak level, and is likely to continue its growth in the immediate term.

Nigeria (X tonnes) remains the largest kola nut producing country worldwide, accounting for X% of total production. Moreover, kola nut production in Nigeria exceeded the figures recorded by the world's second largest producer, Cote d'Ivoire (X tonnes), threefold. Cameroon (X tonnes) ranked third in terms of total production with a X% share.

From 2012 to 2018, the average annual rate of growth in terms of volume in Nigeria totaled +X%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (-X% per year) and Cameroon (-X% per year).

Global average kola nut yield totaled X kg per ha in 2018, coming down by -X% against the previous year. Over the last decade, kola nut yield continues to indicate a slight setback. The most prominent rate of growth was recorded in 2014, with an increase of X% year-to-year. In that year, the average kola nut yield reached its peak level of X kg per ha. From 2015 to 2018, the growth of the average kola nut yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the global harvested area of kola nuts stood at X ha, increasing by X% against the previous year. The harvested area increased at an average annual rate of +X% from 2012 to 2018; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014, when it surged by X% y-o-y. Over the period under review, the harvested area dedicated to kola nut production attained its maximum in 2018, and is likely to continue its growth in the near future.

Kola Nut Exports

Exports 2007-2018

In 2018, the global kola nut exports stood at X tonnes, shrinking by -X% against the previous year. Over the last decade, kola nut exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015, with an increase of X% y-o-y. In that year, global kola nut exports reached their peak of X tonnes. From 2016 to 2018, the growth of global kola nut exports failed to regain its momentum.

In value terms, kola nut exports totaled $X in 2018. Over the last decade, kola nut exports, however, continue to indicate a relatively flat trend pattern. In that year, global kola nut exports reached their peak of $X. From 2015 to 2018, the growth of global kola nut exports remained at a somewhat lower figure.

Exports by Country

Cote d'Ivoire was the largest exporter of kola nuts in the world, with the volume of exports amounting to X tonnes, which was near X% of total exports in 2018. Jamaica (X tonnes) ranks second in terms of the total exports with a X% share, followed by Sudan (X%) and Nigeria (X%). The following exporters - Belgium (X tonnes) and Guinea (X tonnes) each finished at a X% share of total exports.

Exports from Cote d'Ivoire increased at an average annual rate of +X% from 2012 to 2018. At the same time, Sudan (+X%), Nigeria (+X%), Belgium (+X%), Guinea (+X%) and Jamaica (+X%) displayed positive paces of growth. Moreover, Sudan emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2012-2018. While the share of Jamaica (-X%), Nigeria (-X%), Sudan (-X%) and Cote d'Ivoire (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) remains the largest kola nut supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by Jamaica ($X), with a X% share of global exports. It was followed by Belgium, with a X% share.

In Cote d'Ivoire, kola nut exports expanded at an average annual rate of +X% over the period from 2012-2018. In the other countries, the average annual rates were as follows: Jamaica (+X% per year) and Belgium (+X% per year).

Export Prices by Country

In 2018, the average kola nut export price amounted to $X per kg, going up by X% against the previous year. In general, the kola nut export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018, when the average export price increased by X% against the previous year. Over the period under review, the average export prices for kola nuts attained their maximum at $X per tonne in 2014; however, from 2015 to 2018, export prices remained at a lower figure.

Export prices varied noticeably by the country of origin; the country with the highest export price was Jamaica ($X per tonne), while Nigeria ($X per tonne) was amongst the lowest.

From 2012 to 2018, the most notable rate of growth in terms of export prices was attained by Guinea, while the other global leaders experienced more modest paces of growth.

Kola Nut Imports

Imports 2007-2018

In 2018, approx. X tonnes of kola nuts were imported worldwide; approximately reflecting the previous year. In general, kola nut imports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2014, with an increase of X% against the previous year. Global imports peaked at X tonnes in 2015; however, from 2016 to 2018, imports remained at a lower figure.

In value terms, kola nut imports amounted to $X in 2018. In general, the total imports indicated a remarkable increase from 2012 to 2018: its value decreased at an average annual rate of -X% over the last six year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the kola nut imports decreased by -X% against 2014 indices. In that year, global kola nut imports reached their peak of $X. From 2015 to 2018, the growth of global kola nut imports failed to regain its momentum.

Imports by Country

Ghana (X tonnes) and the U.S. (X tonnes) were the major importers of kola nuts in 2018, recording near X% and X% of total imports, respectively. It was distantly followed by Nigeria (X tonnes) and Qatar (X tonnes), together achieving X% share of total imports. Germany (X tonnes), Chad (X tonnes) and Belgium (X tonnes) followed a long way behind the leaders.

From 2012 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Qatar (+X% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported kola nuts worldwide, comprising X% of global imports. The second position in the ranking was occupied by Nigeria ($X), with a X% share of global imports. It was followed by Belgium, with a X% share.

In the U.S., kola nut imports increased at an average annual rate of +X% over the period from 2012-2018. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (+X% per year) and Belgium (-X% per year).

Import Prices by Country

In 2018, the average kola nut import price amounted to $X per kg, going up by X% against the previous year. Overall, the kola nut import price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2016, when it surged by X% year-to-year. Over the period under review, the average import prices for kola nuts reached their peak figure in 2018, and is expected to retain its growth in the immediate term.

There were significant differences in the average import prices amongst the major importing countries. In 2018, the country with the highest import price was the U.S. ($X per tonne), while Ghana ($X per tonne) was amongst the lowest.

From 2012 to 2018, the most notable rate of growth in terms of import prices was attained by Nigeria (+X% per year), while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform