Kola Nut Market Overview in Belgium
In value terms, kola nut production shrank notably to $ in estimated in export prices. In general, production enjoyed a noticeable expansion. The growth pace was the most rapid in 2018 when the production volume increased by % year-to-year. As a result, production reached the peak level of $. from 2019 to , production growth failed to regain the momentum.
The average yield of kola nuts in Belgium was estimated at kg per ha in , remaining 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.
In , approx. ha of kola nuts were harvested in Belgium; remaining stable against the year before. Overall, the harvested area showed a relatively flat trend pattern.
The revenue of the kola nut market in Belgium dropped rapidly to $ in , with a decrease of -% 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). Over the period under review, consumption saw a abrupt decrease. The growth pace was the most rapid in 2014 when the market value increased by % y-o-y. As a result, consumption attained the peak level of $. from 2015 to , the growth of the market remained at a lower figure.