Africa: Kola Nut Market 2024

Kola Nut Market Size in Africa

The African kola nut market dropped to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Kola Nut Production in Africa

In value terms, kola nut production contracted to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Nigeria (X tons) constituted the country with the largest volume of kola nut production, 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 tons), threefold. The third position in this ranking was held by Cameroon (X tons), with a X% share.

In Nigeria, kola nut production expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Cameroon (X% per year).

In 2022, the average yield of kola nuts in Africa shrank slightly to X kg per ha, flattening at 2021. Overall, the yield, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the yield increased by X%. As a result, the yield attained the peak level of X kg per ha. From 2015 to 2022, the growth of the 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.

The kola nut harvested area reached X ha in 2022, remaining stable against the year before. Overall, the harvested area recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to kola nut production reached the peak figure at X ha in 2015; however, from 2016 to 2022, the harvested area remained at a lower figure.

Kola Nut Exports

Exports in Africa

Kola nut exports dropped markedly to X tons in 2022, falling by X% compared with the previous year's figure. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, kola nut exports plummeted to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Cote d'Ivoire (X tons) was the largest exporter of kola nuts, comprising X% of total exports. Sierra Leone (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Cameroon (X%) and Nigeria (X%). The following exporters - Guinea (X tons), Ghana (X tons) and Senegal (X tons) - together made up X% of total exports.

Exports from Cote d'Ivoire decreased at an average annual rate of X% from 2012 to 2022. At the same time, Senegal (X%), Guinea (X%), Sierra Leone (X%) and Cameroon (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Ghana (X%) and Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sierra Leone, Cameroon, Guinea and Senegal increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) emerged as the largest kola nut supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Sierra Leone ($X), with an X% share of total exports. It was followed by Guinea, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire was relatively modest. In the other countries, the average annual rates were as follows: Sierra Leone (X% per year) and Guinea (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, with an increase of X% against the previous year. Export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced a decline in the export price figures.

Kola Nut Imports

Imports in Africa

In 2022, after two years of growth, there was significant decline in overseas purchases of kola nuts, when their volume decreased by X% to X tons. In general, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then contracted notably in the following year.

In value terms, kola nut imports contracted sharply to $X in 2022. Over the period under review, imports, however, posted a resilient increase. The growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of kola nut imports in 2022 were Burkina Faso (X tons), together accounting for X% of total import.

Burkina Faso was also the fastest-growing in terms of the kola nuts imports, with a CAGR of X% from 2012 to 2022. While the share of Burkina Faso (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Burkina Faso ($X) constitutes the largest market for imported kola nuts in Africa.

From 2012 to 2022, the average annual growth rate of value in Burkina Faso stood at X%.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price continues to indicate a sharp shrinkage. The pace of growth appeared the most rapid in 2016 an increase of X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Burkina Faso.

From 2012 to 2022, the rate of growth in terms of prices for Burkina Faso amounted to X% per year.

Source: IndexBox Platform

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