Kola Nut Market in the United States
Market Overview
In 
, after two years of decline, there was significant growth in the U.S. kola nut market, when its value increased by % to $. In general, consumption enjoyed temperate growth. Kola nut consumption peaked at $ in 2019; however, from to , consumption remained at a lower figure.
, after two years of decline, there was significant growth in the U.S. kola nut market, when its value increased by % to $. In general, consumption enjoyed temperate growth. Kola nut consumption peaked at $ in 2019; however, from to , consumption remained at a lower figure.Consumption
In , consumption of kola nuts was finally on the rise to reach tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption saw a moderate expansion. Over the period under review, consumption hit record highs at tons in 2019; however, from to , consumption stood at a somewhat lower figure.
The size of the kola nut market in the United States skyrocketed to $ in , rising 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 posted a tangible expansion. Over the period under review, the market attained the peak level at $ in 2019; however, from to , consumption stood at a somewhat lower figure.
, consumption of kola nuts was finally on the rise to reach tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption saw a moderate expansion. Over the period under review, consumption hit record highs at tons in 2019; however, from to , consumption stood at a somewhat lower figure.The size of the kola nut market in the United States skyrocketed to $
in , rising 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 posted a tangible expansion. Over the period under review, the market attained the peak level at $ in 2019; however, from to , consumption stood at a somewhat lower figure.Market Forecast
The kola nut market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Kola nut market in the United States consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately ( percentage point) over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately ( percentage point) over the period under review.Trade Balance
The United States remains a net importer of kola nut; in physical and value terms, imports consistently exceeded exports from 2012 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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