Report World - Kola Nuts - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 21, 2023

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

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Global Kola Nut Market 2023

Kola Nut Market Size

The global kola nut market rose notably to $X in 2021, growing by 14% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the global market remained at a lower figure.

Kola Nut Production

In value terms, kola nut production soared to $X in 2021 estimated in export price. In general, the total production indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -22.9% against 2019 indices. Global production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

The country with the largest volume of kola nut production was Nigeria (X tons), comprising approx. 54% of total volume. Moreover, kola nut production in Nigeria exceeded the figures recorded by the second-largest producer, Cote d'Ivoire (X tons), threefold. Cameroon (X tons) ranked third in terms of total production with a 15% share.

In Nigeria, kola nut production increased at an average annual rate of +2.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Cote d'Ivoire (-0.7% per year) and Cameroon (+0.1% per year).

In 2021, the global average yield of kola nuts amounted to X kg per ha, approximately equating the year before. Overall, the yield, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the yield increased by 5.7% against the previous year. As a result, the yield reached the peak level of X kg per ha. From 2015 to 2021, the growth of the average kola nut 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 2021, the global harvested area of kola nuts reduced modestly to X ha, approximately equating 2020. Overall, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 6.9% against the previous year. The global harvested area peaked at X ha in 2015; however, from 2016 to 2021, the harvested area stood at a somewhat lower figure.

Kola Nut Exports

Exports

In 2021, the amount of kola nuts exported worldwide contracted notably to X tons, shrinking by -41.3% compared with the previous year's figure. In general, exports, however, posted a noticeable expansion. The pace of growth was the most pronounced in 2015 with an increase of 79% against the previous year. Over the period under review, the global exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, kola nut exports expanded remarkably to $X in 2021. Over the period under review, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 74%. The global exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Cote d'Ivoire (X tons), distantly followed by Jamaica (X tons), India (X tons), Nigeria (X tons) and Niger (X tons) were the main exporters of kola nuts, together mixing up 83% of total exports. The following exporters - Sierra Leone (X tons) and the United States (X tons) - each recorded a 6.6% share of total exports.

From 2012 to 2021, the biggest increases were in Niger (with a CAGR of +82.7%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X) emerged as the largest kola nut supplier worldwide, comprising 55% of global exports. The second position in the ranking was taken by Jamaica ($X), with an 18% share of global exports. It was followed by India, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value in Cote d'Ivoire amounted to +7.9%. In the other countries, the average annual rates were as follows: Jamaica (+6.2% per year) and India (+1.8% per year).

Export Prices by Country

The average kola nut export price stood at $X per ton in 2021, jumping by 90% against the previous year. Overall, the export price continues to indicate a tangible increase. The global export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Cote d'Ivoire ($X per ton), while the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.8%), while the other global leaders experienced more modest paces of growth.

Kola Nut Imports

Imports

For the third year in a row, the global market recorded growth in supplies from abroad of kola nuts, which increased by 22% to X tons in 2021. Over the period under review, imports saw a significant expansion. The growth pace was the most rapid in 2015 when imports increased by 358%. Over the period under review, global imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, kola nut imports expanded significantly to $X in 2021. In general, imports saw strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by 63% against the previous year. Global imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Burkina Faso dominates imports structure, amounting to X tons, which was near 77% of total imports in 2021. The following importers - Chad (X tons), the United States (X tons), Bahrain (X tons) and France (X tons) - each resulted at a 16% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to kola nut imports into Burkina Faso stood at +7.1%. At the same time, Chad (+26.4%), Bahrain (+21.5%) and France (+4.0%) displayed positive paces of growth. Moreover, Chad emerged as the fastest-growing importer imported in the world, with a CAGR of +26.4% from 2012-2021. The United States experienced a relatively flat trend pattern. From 2012 to 2021, the share of Burkina Faso increased by +77 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest kola nut importing markets worldwide were Burkina Faso ($X), the United States ($X) and Bahrain ($X), together comprising 63% of global imports. France and Chad lagged somewhat behind, together comprising a further 11%.

In terms of the main importing countries, Chad, with a CAGR of +41.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average kola nut import price stood at $X per ton in 2021, falling by -12.4% against the previous year. In general, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 31%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Bahrain ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chad (+12.1%), 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 kola nuts in the world?
+
The country with the largest volume of kola nut consumption was Nigeria, comprising approx. 52% of total volume. Moreover, kola nut consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Cote d'Ivoire, threefold. Cameroon ranked third in terms of total consumption with a 15% share.
What are the largest producers of kola nuts in the world?
+
Nigeria constituted the country with the largest volume of kola nut production, comprising approx. 54% of total volume. Moreover, kola nut production in Nigeria exceeded the figures recorded by the second-largest producer, Cote d'Ivoire, threefold. The third position in this ranking was taken by Cameroon, with a 15% share.
What are the leading exporters of kola nuts in the world?
+
In value terms, Cote d'Ivoire emerged as the largest kola nut supplier worldwide, comprising 55% of global exports. The second position in the ranking was held by Jamaica, with an 18% share of global exports. It was followed by India, with a 5.8% share.
What are the leading importers of kola nuts in the world?
+
In value terms, Burkina Faso, the United States and Bahrain were the countries with the highest levels of imports in 2021, with a combined 63% share of global imports. These countries were followed by France and Chad, which together accounted for a further 11%.
What is the average export price for kola nuts in the world?
+
In 2021, the average kola nut export price amounted to $6,540 per ton, rising by 90% against the previous year.
What is the average import price for kola nuts in the world?
+
In 2021, the average kola nut import price amounted to $1,235 per ton, dropping by -12.4% against the previous year.

This report provides an in-depth analysis of the global kola nut 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:
• FCL 224 - Kolanuts

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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