Report Update Nov 1, 2024

China - Kola Nuts - Market Analysis, Forecast, Size, Trends and Insights

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China: Kola Nut Market 2024

Kola Nut Market Size in China

In 2022, the Chinese kola nut market decreased by -1.9% to $X, falling for the second consecutive year after three years of growth. Overall, consumption recorded a significant expansion. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Kola Nut Production in China

In value terms, kola nut production declined to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 29%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

The average yield of kola nuts in China stood at less than X kg per ha in 2022, approximately equating 2021 figures. Over the period under review, the yield recorded 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 2022, the total area harvested in terms of kola nuts production in China totaled less than X ha, almost unchanged from 2021 figures. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Kola Nut Exports

Exports from China

In 2019, after three years of decline, there was significant growth in shipments abroad of kola nuts, when their volume increased by 209% to X tons. Over the period under review, exports, however, faced a abrupt descent. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2019, the exports failed to regain momentum.

In value terms, kola nut exports skyrocketed to $X in 2019. Overall, exports, however, saw a sharp contraction. The exports peaked at $X in 2012; however, from 2013 to 2019, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for kola nut exports from China, with a 93% share of total exports. Moreover, kola nut exports to Canada exceeded the volume sent to the second major destination, Niger (X kg), more than tenfold.

From 2012 to 2019, the average annual rate of growth in terms of volume to Canada amounted to -20.7%.

In value terms, Canada ($X) remains the key foreign market for kola nuts exports from China, comprising 98% of total exports. The second position in the ranking was held by Niger ($X), with a 1% share of total exports.

From 2012 to 2019, the average annual growth rate of value to Canada totaled -20.8%.

Export Prices by Country

The average kola nut export price stood at $X per ton in 2019, stabilizing at the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 153%. The export price peaked at $X per ton in 2014; however, from 2015 to 2019, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Niger totaled $X per ton.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-0.2%).

Kola Nut Imports

Imports into China

Kola nut imports into China skyrocketed to X tons in 2020, growing by 219% against 2019. In general, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, kola nut imports soared to $X in 2020. Overall, imports enjoyed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, Cote d'Ivoire (X tons) was the main supplier of kola nut to China, accounting for a approx. 100% share of total imports.

From 2016 to 2020, the average annual rate of growth in terms of volume from Cote d'Ivoire amounted to +218.9%.

In value terms, Cote d'Ivoire ($X) constituted the largest supplier of kola nuts to China.

From 2016 to 2020, the average annual growth rate of value from Cote d'Ivoire totaled +100.0%.

Import Prices by Country

The average kola nut import price stood at $X per ton in 2020, with a decrease of -37.3% against the previous year. Over the period under review, the import price recorded a precipitous descent. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2020, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Cote d'Ivoire.

From 2016 to 2020, the rate of growth in terms of prices for Cote d'Ivoire amounted to -37.3% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for kola nuts in the world?

Nigeria remains the largest kola nut consuming country worldwide, comprising approx. 53% of total volume. Moreover, kola nut consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Cote d'Ivoire, threefold. Cameroon ranked third in terms of total consumption with a 15% share.

What are the largest producers of kola nuts in the world?

Nigeria remains the largest kola nut producing country worldwide, accounting for 54% of total volume. Moreover, kola nut production in Nigeria exceeded the figures recorded by the second-largest producer, Cote d'Ivoire, threefold. Cameroon ranked third in terms of total production with a 15% share.

What are the leading suppliers of kola nuts to China?

In value terms, Cote d'Ivoire constituted the largest supplier of kola nut to China.

What are the leading importers of kola nuts from China?

In value terms, Canada remains the key foreign market for kola nut exports from China, comprising 100% of total exports. The second position in the ranking was occupied by Zambia $27), with a 0.2% share of total exports.

What is the average export price for kola nuts in China?

The average kola nut export price stood at $6,642 per ton in 2020, which is down by -55.3% against the previous year.

What is the average import price for kola nuts in China?

In 2020, the average kola nut import price amounted to $1,100 per ton, approximately equating the previous year.

This report provides an in-depth analysis of the kola nut market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 224 - Kolanuts

Country coverage:

China

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023