Global Kola Nut Market Overview 2021

Kola Nut Market Size

The global kola nut market soared to $X in 2020, surging by X% against the previous year. The market value increased at an average annual rate of +X% from 2012 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Kola Nut Production

In value terms, kola nut production surged to $X in 2020 estimated in export prices. Over the period under review, production enjoyed a prominent increase. The growth pace was the most rapid in 2014 when the production volume increased by X% year-to-year. Over the period under review, global production reached the maximum level in 2020 and is likely to see steady growth in the near future.

The country with the largest volume of kola nut production was Nigeria (X tonnes), accounting for X% of total volume. Moreover, kola nut production in Nigeria exceeded the figures recorded by the 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 2020, the average annual growth rate 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).

The global average kola nut yield contracted slightly to X kg per ha in 2020, leveling off at 2019 figures. In general, the yield continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, the average kola nut yield hit record highs at X kg per ha in 2015; however, from 2016 to 2020, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the total area harvested in terms of kola nuts production worldwide rose to X ha, with an increase of X% compared with 2019. The harvested area increased at an average annual rate of +X% over the period from 2012 to 2020; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X% against the previous year. The global harvested area peaked in 2020 and is expected to retain growth in the immediate term.

Production By Country

The country with the largest volume of kola nut production was Nigeria (X tonnes), accounting for X% of total volume. Moreover, kola nut production in Nigeria exceeded the figures recorded by the second-largest producer, Cote d'Ivoire (X tonnes), threefold. The third position in this ranking was occupied by Cameroon (X tonnes), with a X% share.

From 2012 to 2020, 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).

Kola Nut Exports

Exports

In 2020, shipments abroad of kola nuts decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. As a result, exports reached the peak of X tonnes. From 2016 to 2020, the growth of global exports remained at a lower figure.

In value terms, kola nut exports soared to $X in 2020. In general, total exports indicated measured growth from 2012 to 2020: its value decreased at an average annual rate of -X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Global exports peaked at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

Cote d'Ivoire (X tonnes) and Jamaica (X tonnes) were the main exporters of kola nuts in 2020, resulting at approx. X% and X% of total exports, respectively. The U.S. (X tonnes) occupied the next position in the ranking, followed by Nigeria (X tonnes), Belgium (X tonnes) and France (X tonnes). All these countries together held approx. X% share of total exports. Guinea (X tonnes) took a relatively small share of total exports.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by France, while exports for the other global leaders experienced more modest paces of growth.

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 the U.S., with a X% share.

From 2012 to 2020, the average annual growth rate of value in Cote d'Ivoire totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Jamaica (+X% per year) and the U.S. (+X% per year).

Export Prices by Country

The average kola nut export price stood at $X per tonne in 2020, picking up by X% against the previous year. Over the period under review, the export price saw a noticeable increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. As a result, export price attained the peak level of $X per tonne. From 2015 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Cote d'Ivoire ($X per tonne), while Guinea ($X per tonne) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the other global leaders experienced more modest paces of growth.

Kola Nut Imports

Imports

After three years of decline, supplies from abroad of kola nuts increased by X% to X tonnes in 2020. Over the period under review, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of X tonnes. From 2017 to 2020, the growth of global imports remained at a somewhat lower figure.

In value terms, kola nut imports fell to $X in 2020. Overall, total imports indicated a strong expansion from 2012 to 2020: its value increased at an average annual rate of +X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. As a result, imports attained the peak of $X. From 2017 to 2020, the growth of global imports failed to regain the momentum.

Imports by Country

Burkina Faso represented the main importing country with an import of about X tonnes, which accounted for X% of total imports. Mali (X tonnes) occupied the second position in the ranking, distantly followed by Bahrain (X tonnes) and the U.S. (X tonnes). All these countries together occupied near X% share of total imports. France (X tonnes) followed a long way behind the leaders.

Imports into Burkina Faso increased at an average annual rate of +X% from 2012 to 2020. At the same time, Bahrain (+X%), Mali (+X%), the U.S. (+X%) and France (+X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2012-2020. From 2012 to 2020, the share of Mali and Bahrain increased by +X% and +X% percentage points, while France (-X p.p.), the U.S. (-X p.p.) and Burkina Faso (-X p.p.) saw their share reduced.

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

In the U.S., kola nut imports expanded at an average annual rate of +X% over the period from 2012-2020. The remaining importing countries recorded the following average annual rates of imports growth: Bahrain (+X% per year) and Burkina Faso (+X% per year).

Import Prices by Country

The average kola nut import price stood at $X per tonne in 2020, dropping by -X% against the previous year. Overall, the import price saw a pronounced reduction. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Bahrain, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for kola nuts in the world?

+

Nigeria (165K tonnes) constituted the country with the largest volume of kola nut consumption, accounting for 51% of total volume. Moreover, kola nut consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Cote d'Ivoire (59K tonnes), threefold. Cameroon (51K tonnes) ranked third in terms of total consumption with a 16% share.

What are the largest producers of kola nuts in the world?

+

Nigeria (165K tonnes) constituted the country with the largest volume of kola nut production, comprising approx. 53% of total volume. Moreover, kola nut production in Nigeria exceeded the figures recorded by the second-largest producer, Cote d'Ivoire (60K tonnes), threefold. Cameroon (51K tonnes) ranked third in terms of total production with a 16% share.

What are the leading suppliers of kola nuts in the world?

+

In value terms, Cote d'Ivoire ($4M) remains the largest kola nut supplier worldwide, comprising 53% of global exports. The second position in the ranking was occupied by Jamaica ($1.7M), with a 22% share of global exports. It was followed by the U.S., with a 6.3% share.

What are the leading importers of kola nuts in the world?

+

In value terms, the U.S. ($5.6M) constitutes the largest market for imported kola nuts worldwide, comprising 42% of global imports. The second position in the ranking was occupied by Bahrain ($2.4M), with a 18% share of global imports. It was followed by Burkina Faso, with a 13% share.

What is the average export price for kola nuts in the world?

+

In 2020, the average kola nut export price amounted to $6,034 per tonne, jumping by 52% against the previous year.

What is the average import price for kola nuts in the world?

+

The average kola nut import price stood at $1,121 per tonne in 2020, falling by -30.2% against the previous year.