Global Kola Nut Market Overview
In value terms, kola nut production dropped dramatically to $ in estimated in export prices. Overall, production recorded a prominent expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by % y-o-y. Over the period under review, global production hit record highs at $ in 2019, and then reduced sharply in the following year.
Nigeria ( tonnes) constituted the country with the largest volume of kola nut production, accounting for % of total volume. Moreover, kola nut production in Nigeria exceeded the figures recorded by the second-largest producer, Cote d'Ivoire ( tonnes), threefold. Cameroon ( tonnes) ranked third in terms of total production with a % share.
From 2012 to , the average annual growth rate of volume in Nigeria stood at +%. The remaining producing countries recorded the following average annual rates of production growth: Cote d'Ivoire (-% per year) and Cameroon (+% per year).
The global average kola nut yield shrank to kg per ha in , which is down by -% compared with the year before. In general, the yield continues to indicate a mild curtailment. The pace of growth appeared the most rapid in 2014 with an increase of % year-to-year. Over the period under review, the average kola nut yield hit record highs at kg per ha in 2015; however, from 2016 to , the yield stood 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.
The global kola nut harvested area was estimated at ha in , surging by % against 2019. The harvested area increased at an average annual rate of +% over the period from 2012 to ; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the harvested area increased by % against the previous year. Over the period under review, the harvested area dedicated to kola nut production attained the peak figure in and is expected to retain growth in years to come.
The global kola nut market value fell to $ in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2012 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of % against the previous year. As a result, consumption reached the peak level of $, and then declined in the following year.
From 2012 to , the average annual rate of growth in terms of volume in Nigeria amounted to +%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (-% per year) and Cameroon (+% per year).
In value terms, the largest kola nut markets worldwide were Cote d'Ivoire ($), Nigeria ($) and Cameroon ($), together accounting for % of the global market. These countries were followed by Ghana, Sierra Leone and Burkina Faso, which together accounted for a further %.
In terms of the main consuming countries, Burkina Faso (+% per year) recorded the highest rates of growth with regard to market size, over the period under review, while kola nut market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of kola nut per capita consumption in were Cote d'Ivoire ( kg per person), Cameroon ( kg per person) and Sierra Leone ( kg per person).
From 2012 to , the biggest increases were in Burkina Faso (+% per year), while kola nut per capita consumption for the other global leaders experienced more modest paces of growth.