Sierra Leone: Kola Nut Market 2020

Kola Nut Market Size in Sierra Leone

The revenue of the kola nut market in Sierra Leone amounted to $X in 2018, going up by X% against the previous year. Overall, the total market indicated resilient growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, kola nut consumption increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2008 when the market value increased by X% y-o-y. Over the period under review, the kola nut market attained its maximum level in 2018 and is likely to see steady growth in the near future.

Kola Nut Production in Sierra Leone

In value terms, kola nut production totaled $X in 2018 estimated in export prices. Overall, kola nut production continues to indicate a moderate contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. In that year, kola nut production reached its peak level of $X. From 2015 to 2018, kola nut production growth remained at a lower figure.

Average yield of kola nuts in Sierra Leone stood at X kg per ha in 2018, approximately equating the previous year. Overall, the kola nut yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Over the period under review, the kola nut yield reached its maximum level in 2018 and is expected to retain its growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of kola nuts were harvested in Sierra Leone; jumping by X% against the previous year. The harvested area increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2011 when harvested area increased by X% y-o-y. Over the period under review, the harvested area dedicated to kola nut production reached its maximum in 2018 and is likely to see steady growth in the immediate term.

Kola Nut Exports

Exports from Sierra Leone

Kola nut exports from Sierra Leone totaled X tons in 2018, waning by -X% against the previous year. In general, kola nut exports continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2018 when exports decreased by -X% y-o-y. Over the period under review, kola nut exports reached their peak figure at X tons in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, kola nut exports amounted to $X in 2018. In general, kola nut exports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2009 with a decrease of -X% year-to-year. Over the period under review, kola nut exports attained their peak figure at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

Cote d'Ivoire prevails in kola nut exports structure, resulting at X tons, which was approx. X% of total exports in 2018. It was distantly followed by Jamaica (X tons), comprising a X% share of total exports. Sudan (X tons) and India (X tons) took a minor share of total exports.

From 2007 to 2018, average annual rates of growth with regard to kola nut exports from Cote d'Ivoire stood at +X%. At the same time, Sudan (+X%) and Jamaica (+X%) displayed positive paces of growth. Moreover, Sudan emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, India (-X%) illustrated a downward trend over the same period. Cote d'Ivoire (+X p.p.), Sudan (+X p.p.) and Jamaica (+X p.p.) significantly strengthened its position in terms of the global exports, while India saw its share reduced by -X% from 2007 to 2018, respectively.

In value terms, Cote d'Ivoire ($X) remains the largest kola nut supplier from Sierra Leone, comprising X% of global exports. The second position in the ranking was occupied by Jamaica ($X), with a X% share of global exports. It was followed by India, with a X% share.

From 2007 to 2018, the average annual growth rate of value in Cote d'Ivoire stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Jamaica (+X% per year) and India (-X% per year).

Export Prices by Country

The kola nut export price in Sierra Leone stood at $X per ton in 2018, leveling off at the previous year. Over the period under review, the kola nut export price, however, continues to indicate extraordinary growth. The pace of growth appeared the most rapid in 2017 an increase of X% year-to-year. In that year, the export prices for kola nuts attained their peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Jamaica ($X per ton), while Sudan ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced mixed trends in the export price figures.

Kola Nut Imports

Imports by Country

Ghana (X tons) and the U.S. (X tons) represented roughly X% of total imports of kola nuts in 2018. It was distantly followed by Nigeria (X tons) and Qatar (X tons), together committing a X% share of total imports. Belgium (X tons), Chad (X tons) and France (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Qatar, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported kola nuts into Sierra Leone, comprising X% of global imports. The second position in the ranking was occupied by Nigeria ($X), with a X% share of global imports. It was followed by Belgium, with a X% share.

In the U.S., kola nut imports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Nigeria (+X% per year) and Belgium (+X% per year).

Import Prices by Country

The kola nut import price in Sierra Leone stood at $X per ton in 2018, leveling off at the previous year. Over the period under review, the kola nut import price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Nigeria (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform