Kola Nut Market Overview in Malaysia
In value terms, kola nut production expanded slightly to $ in estimated in export prices. Over the period under review, production showed a remarkable increase. The growth pace was the most rapid in 2019 when the production volume increased by % y-o-y. Kola nut production peaked in and is expected to retain growth in the immediate term.
In , the average kola nut yield in Malaysia amounted to kg per ha, therefore, remained relatively stable against the previous year's figure. Over the period under review, the yield continues to indicate a relatively flat trend pattern. 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 in Malaysia was estimated at ha in , flattening at the year before. Overall, the harvested area continues to indicate a relatively flat trend pattern.
The revenue of the kola nut market in Malaysia totaled $ in , picking up 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). Overall, consumption enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of % against the previous year. Over the period under review, the market attained the maximum level in and is likely to continue growth in years to come.