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Report World - Karite (Shea) Nuts - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

World - Karite (Shea) Nuts - Market Analysis, Forecast, Size, Trends and Insights

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Global Karite (Shea) Nuts Market 2024

Karite (Shea) Nuts Market Size

The global karite (shea) nuts market shrank remarkably to $X in 2022, dropping by -23.3% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the global market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Karite (Shea) Nuts Production

In value terms, karite (shea) nuts production dropped to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 16%. As a result, production attained the peak level of $X. From 2020 to 2022, global production growth remained at a somewhat lower figure.

Karite (Shea) Nuts Exports

Exports

Global karite (shea) nuts exports shrank to X tons in 2022, reducing by -2% on 2021 figures. In general, total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -5.7% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 51%. Over the period under review, the global exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, karite (shea) nuts exports reduced modestly to $X in 2022. Over the period under review, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -9.8% against 2019 indices. The pace of growth appeared the most rapid in 2018 when exports increased by 52%. Over the period under review, the global exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Burkina Faso was the largest exporter of karite (shea) nuts in the world, with the volume of exports reaching X tons, which was approx. 46% of total exports in 2022. It was distantly followed by Mali (X tons), Ghana (X tons) and Nigeria (X tons), together generating a 50% share of total exports. Benin (X tons) followed a long way behind the leaders.

Exports from Burkina Faso increased at an average annual rate of +3.9% from 2012 to 2022. At the same time, Nigeria (+46.1%), Mali (+35.5%) and Benin (+14.8%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in the world, with a CAGR of +46.1% from 2012-2022. Ghana experienced a relatively flat trend pattern. From 2012 to 2022, the share of Mali, Nigeria and Benin increased by +19, +10 and +1.7 percentage points, respectively.

In value terms, the largest karite (shea) nuts supplying countries worldwide were Burkina Faso ($X), Ghana ($X) and Nigeria ($X), with a combined 83% share of global exports.

Among the main exporting countries, Nigeria, with a CAGR of +36.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average karite (shea) nuts export price stood at $X per ton in 2022, falling by -1.6% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 12%. The global export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Benin ($X per ton), while Mali ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Benin (+10.8%), while the other global leaders experienced more modest paces of growth.

Karite (Shea) Nuts Imports

Imports

In 2022, the amount of karite (shea) nuts imported worldwide declined dramatically to X tons, which is down by -40.1% on the previous year. In general, imports, however, posted a buoyant expansion. The growth pace was the most rapid in 2013 when imports increased by 39% against the previous year. Global imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, karite (shea) nuts imports contracted notably to $X in 2022. Overall, imports, however, showed a pronounced increase. The pace of growth appeared the most rapid in 2019 with an increase of 52%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of global imports remained at a lower figure.

Imports by Country

Togo (X tons) and Ghana (X tons) represented roughly 81% of total imports in 2022. It was distantly followed by Burkina Faso (X tons), achieving a 17% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Burkina Faso (with a CAGR of +32.8%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest karite (shea) nuts importing markets worldwide were Ghana ($X), Togo ($X) and Burkina Faso ($X), together accounting for 96% of global imports.

Burkina Faso, with a CAGR of +57.6%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average karite (shea) nuts import price stood at $X per ton in 2022, shrinking by -17.1% against the previous year. Overall, the import price recorded a noticeable descent. The pace of growth was the most pronounced in 2019 an increase of 25%. Global import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ghana ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+13.4%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were Nigeria, Mali and Denmark, with a combined 70% share of global consumption. These countries were followed by Burkina Faso, Togo, Ghana and Cote d'Ivoire, which together accounted for a further 26%.
The countries with the highest volumes of in 2021 were Nigeria, Mali and Burkina Faso, together accounting for 88% of global production.
In value terms, the largest karite shea) nuts supplying countries worldwide were Burkina Faso, Ghana and Benin, with a combined 85% share of global exports. These countries were followed by Mali and Nigeria, which together accounted for a further 14%.
In value terms, the largest karite shea) nuts importing markets worldwide were Denmark, Ghana and Togo, together accounting for 83% of global imports. These countries were followed by the United States and Burkina Faso, which together accounted for a further 14%.
In 2021, the average karite shea) nuts export price amounted to $373 per ton, increasing by 3.3% against the previous year.
The average karite shea) nuts import price stood at $299 per ton in 2021, picking up by 10% against the previous year.

This report provides an in-depth analysis of the global karite (shea) nuts market. 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:

    Country coverage:

    Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

    + the largest producing countries

    Data coverage:

    • Global market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Global production, split by region and country
    • Global trade (exports and imports)
    • 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:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. 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. 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. 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. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. CONSUMPTION BY COUNTRY
      3. MARKET FORECAST TO 2030

    4. 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. 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. 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. 7. GLOBAL PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
      2. PRODUCTION BY COUNTRY
      3. HARVESTED AREA AND YIELD BY COUNTRY

    8. 8. GLOBAL IMPORTS

      The Largest Importers on The Market and How They Succeed

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY

    9. 9. GLOBAL EXPORTS

      The Largest Exporters on The Market and How They Succeed

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY

    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO

    11. 11. COUNTRY PROFILES

      The Largest Markets And Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
      • United States
      • China
      • Japan
      • Germany
      • United Kingdom
      • France
      • Brazil
      • Italy
      • Russian Federation
      • India
      • Canada
      • Australia
      • Republic of Korea
      • Spain
      • Mexico
      • Indonesia
      • Netherlands
      • Turkey
      • Saudi Arabia
      • Switzerland
      • Sweden
      • Nigeria
      • Poland
      • Belgium
      • Argentina
      • Norway
      • Austria
      • Thailand
      • United Arab Emirates
      • Colombia
      • Denmark
      • South Africa
      • Malaysia
      • Israel
      • Singapore
      • Egypt
      • Philippines
      • Finland
      • Chile
      • Ireland
      • Pakistan
      • Greece
      • Portugal
      • Kazakhstan
      • Algeria
      • Czech Republic
      • Qatar
      • Peru
      • Romania
      • Vietnam

    12. 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, By Country, 2018–2023
      5. Production, In Physical Terms, By Country, 2012–2023
      6. Harvested Area, By Country, 2012-2023
      7. Yield, By Country, 2012-2023
      8. Imports, In Physical Terms, By Country, 2012–2023
      9. Imports, In Value Terms, By Country, 2012–2023
      10. Import Prices, By Country Of Destination, 2012–2023
      11. Exports, In Physical Terms, By Country, 2012–2023
      12. Exports, In Value Terms, By Country, 2012–2023
      13. Export Prices, By Country Of Origin, 2012–2023

    13. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2023
      2. Market Value, 2012–2023
      3. Consumption, By Country, 2023
      4. Market Volume Forecast to 2030
      5. Market Value Forecast to 2030
      6. Products: Market Size And Growth, By Type
      7. Products: Average Per Capita Consumption, By Type
      8. Products: Exports And Growth, By Type
      9. Products: Export Prices And Growth, By Type
      10. Production Volume And Growth
      11. Yield And Growth
      12. Exports And Growth
      13. Export Prices And Growth
      14. Market Size And Growth
      15. Per Capita Consumption
      16. Imports And Growth
      17. Import Prices
      18. Production, In Physical Terms, 2012–2023
      19. Production, In Value Terms, 2012–2023
      20. Area Harvested, 2012–2023
      21. Yield, 2012–2023
      22. Production, By Country, 2023
      23. Production, In Physical Terms, By Country, 2012–2023
      24. Harvested Area, By Country, 2023
      25. Harvested Area, By Country, 2012-2023
      26. Yield, By Country, 2012-2023
      27. Imports, In Physical Terms, 2012–2023
      28. Imports, In Value Terms, 2012–2023
      29. Imports, In Physical Terms, By Country, 2023
      30. Imports, In Physical Terms, By Country, 2012–2023
      31. Imports, In Value Terms, By Country, 2012–2023
      32. Import Prices, By Country, 2012–2023
      33. Exports, In Physical Terms, 2012–2023
      34. Exports, In Value Terms, 2012–2023
      35. Exports, In Physical Terms, By Country, 2023
      36. Exports, In Physical Terms, By Country, 2012–2023
      37. Exports, In Value Terms, By Country, 2012–2023
      38. Export Prices, 2012–2023

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