Report Update Nov 1, 2024

Saudi Arabia - Kola Nuts - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Kola Nut Market 2024

Kola Nut Market Size in Saudi Arabia

The Saudi kola nut market fell to $X in 2022, dropping by -9.1% against the previous year. In general, consumption, however, continues to indicate a notable increase. Kola nut consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Kola Nut Production in Saudi Arabia

In value terms, kola nut production shrank to $X in 2022 estimated in export price. Over the period under review, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.8% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 45%. Kola nut production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

In 2022, the average kola nut yield in Saudi Arabia stood at less than X kg per ha, almost unchanged from the previous year's figure. Overall, 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 2022, the kola nut harvested area in Saudi Arabia stood at less than X ha, remaining stable against the year before. Overall, the harvested area recorded a relatively flat trend pattern.

Kola Nut Exports

Exports from Saudi Arabia

Kola nut exports from Saudi Arabia was estimated at X tons in 2018, stabilizing at the previous year. Over the period under review, exports recorded significant growth. The smallest decline of 99.9% was in 2014. The exports peaked in 2018 and are expected to retain growth in the near future.

In value terms, kola nut exports stood at $X in 2018. Overall, exports recorded a significant increase. The smallest decline of 99.9% was in 2014. The exports peaked in 2018 and are expected to retain growth in the immediate term.

Exports by Country

Bahrain (X tons) was the main destination for kola nut exports from Saudi Arabia, accounting for a approx. 100% share of total exports.

From 2013 to 2018, the average annual growth rate of volume to Bahrain was relatively modest.

From 2013 to 2018, the average annual rate of growth in terms of value to Bahrain was relatively modest.

Export Prices by Country

In 2018, the average kola nut export price amounted to $X per ton, leveling off at the previous year. Over the period under review, the export price recorded a strong increase. The growth pace was the most rapid in 2014 a decrease of 99.9% against the previous year. The export price peaked in 2018 and is likely to see gradual growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Bahrain.

From 2013 to 2018, the rate of growth in terms of prices for Bahrain amounted to 0.0% per year.

Kola Nut Imports

Imports into Saudi Arabia

In 2022, purchases abroad of kola nuts decreased by -48.8% to X kg for the first time since 2019, thus ending a two-year declining trend. In general, imports showed a sharp decline. The pace of growth was the most pronounced in 2019 when imports increased by 27%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, kola nut imports dropped notably to $X in 2022. Over the period under review, imports recorded a precipitous decline. The most prominent rate of growth was recorded in 2019 when imports increased by 411%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X kg) and Nigeria (X kg) were the main suppliers of kola nut imports to Saudi Arabia.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +5.8%).

In value terms, the largest kola nut suppliers to Saudi Arabia were the United Arab Emirates ($X) and Nigeria ($X).

Nigeria, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2021, the average kola nut import price amounted to $X per ton, flattening at the previous year. Over the period under review, the import price showed a abrupt decline. The pace of growth was the most pronounced in 2019 when the average import price increased by 304%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Nigeria amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-14.8%).

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, accounting for 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?

The country with the largest volume of kola nut production was Nigeria, comprising approx. 54% of total volume. Moreover, kola nut production in Nigeria exceeded the figures recorded by the second-largest producer, Cote d'Ivoire, threefold. The third position in this ranking was occupied by Cameroon, with a 15% share.

What are the leading suppliers of kola nuts to Saudi Arabia?

In value terms, the United Arab Emirates constituted the largest supplier of kola nut to Saudi Arabia.

What is the average export price for kola nuts in Saudi Arabia?

In 2018, the average kola nut export price amounted to $12,903 per ton, stabilizing at the previous year.

What is the average import price for kola nuts in Saudi Arabia?

In 2020, the average kola nut import price amounted to $653 per ton, shrinking by -64.7% against the previous year.

This report provides an in-depth analysis of the kola nut market in Saudi Arabia. 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:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
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