Kola Nut Market Overview in Viet Nam
In value terms, kola nut production stood at $ in estimated in export prices. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by % y-o-y. Over the period under review, production reached the peak level at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.
The average yield of kola nuts in Viet Nam stood at kg per ha in , flattening at 2019. 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 , the kola nut harvested area in Viet Nam was estimated at ha, remaining constant against the previous year. In general, the harvested area continues to indicate a relatively flat trend pattern.
The size of the kola nut market in Viet Nam totaled $ in , surging 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, however, continues to indicate a mild setback. The growth pace was the most rapid in 2017 with an increase of % against the previous year. Kola nut consumption peaked at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.