Kola Nut Market Overview in Brazil
In value terms, kola nut production rose sharply to $ in estimated in export prices. The total output value increased at an average annual rate of +% over the period 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 2014 with an increase of % against the previous year. Kola nut production peaked in and is likely to see steady growth in the immediate term.
The average yield of kola nuts in Brazil totaled kg per ha in , leveling off at the previous year. In general, the yield showed 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 Brazil; approximately equating the previous year's figure. In general, the harvested area recorded a relatively flat trend pattern.
The value of the kola nut market in Brazil skyrocketed to $ in , growing 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). Over the period under review, consumption recorded significant growth. The pace of growth appeared the most rapid in 2014 with an increase of % y-o-y. Over the period under review, the market attained the maximum level in and is likely to see gradual growth in the immediate term.