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, growing by X% against the previous year. The market value increased at an average annual rate of +X% from 2013 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2014 when the market value increased by X% y-o-y. In that year, the global kola nut market attained its peak level of $X. From 2015 to 2018, the growth of the global kola nut market remained at a somewhat lower figure.

Kola Nut Production

In value terms, kola nut production amounted to $X in 2018 estimated in export prices. Over the period under review, kola nut production continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. In that year, global kola nut production attained its peak level of $X. From 2015 to 2018, global kola nut production growth remained at a lower figure.

The country with the largest volume of kola nut production was Nigeria (X tonnes), 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.

In Nigeria, kola nut production increased at an average annual rate of +X% over the period from 2013-2018. The remaining producing countries recorded the following average annual rates of production growth: Cote d'Ivoire (-X% per year) and Cameroon (-X% per year).

In 2018, the global average yield of kola nuts totaled X kg per ha, coming down by -X% against the previous year. Overall, the kola nut yield continues to indicate a mild downturn. The growth pace was the most rapid in 2014 with an increase of X% against the previous 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 failed to regain its momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the total area harvested in terms of kola nuts production worldwide stood at X ha, growing by X% against the previous year. The harvested area increased at an average annual rate of +X% from 2013 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to kola nut production reached its peak figure in 2018 and is likely to see steady growth in the immediate term.

Production By Country

Nigeria (X tonnes) constituted the country with the largest volume of kola nut production, comprising approx. 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 2013 to 2018, the average annual rate of growth in terms of volume in Nigeria amounted to +X%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (-X% per year) and Cameroon (-X% per year).

Kola Nut Exports

Exports 2007-2018

In 2018, the global exports of kola nuts stood at X tonnes, shrinking by -X% against the previous year. In general, kola nut exports, however, continue to indicate a temperate increase. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. In that year, global kola nut exports reached their peak of X tonnes. From 2016 to 2018, the growth of global kola nut exports remained at a lower figure.

In value terms, kola nut exports stood at $X in 2018. Overall, the total exports indicated a buoyant increase from 2013 to 2018: its value increased at an average annual rate of +X% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, kola nut exports increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. In that year, global kola nut exports attained 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 dominates kola nut exports structure, finishing at X tonnes, which was near X% of total exports in 2018. It was distantly followed by Jamaica (X tonnes), comprising a X% share of total exports. Sudan (X tonnes) and India (X tonnes) held a minor share of total exports.

Exports from Cote d'Ivoire increased at an average annual rate of +X% from 2013 to 2018. At the same time, Sudan (+X%) and India (+X%) displayed positive paces of growth. Moreover, Sudan emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2013-2018. Jamaica experienced a relatively flat trend pattern. While the share of Cote d'Ivoire (+X p.p.) and Sudan (+X p.p.) increased 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 India, with a X% share.

From 2013 to 2018, the average annual rate of growth in terms of value in Cote d'Ivoire amounted to +X%. In the other countries, the average annual rates were as follows: Jamaica (+X% per year) and India (+X% per year).

Export Prices by Country

In 2018, the average kola nut export price amounted to $X per tonne, picking up by X% against the previous year. Overall, the kola nut export price continues to indicate a conspicuous increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% year-to-year. In that year, the average export prices for kola nuts attained their peak level of $X per tonne. From 2015 to 2018, the growth in terms of the average export prices for kola nuts remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Jamaica ($X per tonne), while Sudan ($X per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire, while the other global leaders experienced more modest paces of growth.

Kola Nut Imports

Imports 2007-2018

Global imports totaled X tonnes in 2018, waning by -X% against the previous year. Over the period under review, kola nut imports continue to indicate an abrupt setback. The pace of growth was the most pronounced in 2014 when imports increased by X% y-o-y. The global imports peaked at X tonnes in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

In value terms, kola nut imports totaled $X in 2018. The total import value increased at an average annual rate of +X% over the period from 2013 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. 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) represented roughly X% of total imports of kola nuts in 2018. Nigeria (X tonnes) occupied the next position in the ranking, followed by Qatar (X tonnes). All these countries together held approx. X% share of total imports. Belgium (X tonnes), Chad (X tonnes) and France (X tonnes) followed a long way behind the leaders.

From 2013 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.

From 2013 to 2018, the average annual rate of growth in terms of value in the U.S. amounted to +X%. 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 tonne, growing by X% against the previous year. In general, the kola nut import price continues to indicate strong growth. The growth pace was the most rapid in 2016 when the average import price increased by X% y-o-y. The global import price peaked in 2018 and is likely to continue its growth in the near future.

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

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Nigeria (+X% per year), while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform