Report Update Jan 1, 2025

Sri Lanka - Kola Nuts - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Kola Nut Market 2025

Kola Nut Market Size in Sri Lanka

In 2022, the Sri Lankan kola nut market decreased by -21.3% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption continues to indicate a slight reduction. Over the period under review, the market reached the peak level at $X in 2021, and then fell markedly in the following year.

Kola Nut Production in Sri Lanka

In value terms, kola nut production expanded modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.9% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 18% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

In 2022, the average kola nut yield in Sri Lanka amounted to less than X kg per ha, standing approx. at the year before. In general, the yield saw 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 Sri Lanka was estimated at less than X ha, standing approx. at the previous year's figure. In general, the harvested area saw a relatively flat trend pattern.

Kola Nut Exports

Exports from Sri Lanka

In 2022, overseas shipments of kola nuts were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports showed resilient growth. The most prominent rate of growth was recorded in 2019 when exports increased by 819%. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, kola nut exports soared to $X in 2022. Overall, exports posted prominent growth. The most prominent rate of growth was recorded in 2019 when exports increased by 963% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for kola nut exports from Sri Lanka, with a approx. 50% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to France totaled +8.6%.

In value terms, France ($X) also remains the key foreign market for kola nuts exports from Sri Lanka.

From 2012 to 2022, the average annual growth rate of value to France stood at +10.1%.

Export Prices by Country

In 2022, the average kola nut export price amounted to $X per ton, shrinking by -8.4% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, kola nut export price increased by +78.2% against 2016 indices. The most prominent rate of growth was recorded in 2018 an increase of 19%. The export price peaked at $X per ton in 2021, and then shrank in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Bahrain amounted to +97.9% per year.

Kola Nut Imports

Imports into Sri Lanka

In 2022, the amount of kola nuts imported into Sri Lanka amounted to X kg, approximately mirroring the previous year's figure. In general, imports recorded a sharp decline. The smallest decline of 99.9% was in 2017. Over the period under review, imports attained the maximum at X kg in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, kola nut imports stood at $X in 2022. Over the period under review, imports recorded a sharp downturn. The smallest decline of 99.9% was in 2017. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Niger (X kg) was the main kola nut supplier to Sri Lanka, accounting for a approx. 100% share of total imports.

From 2016 to 2022, the average annual growth rate of volume from Niger was relatively modest.

In value terms, Niger ($X) constituted the largest supplier of kola nuts to Sri Lanka.

From 2016 to 2022, the average annual rate of growth in terms of value from Niger was relatively modest.

Import Prices by Country

The average kola nut import price stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the import price saw a significant increase. The most prominent rate of growth was recorded in 2017 a decrease of 99.9% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Niger.

From 2016 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The country with the largest volume of kola nut consumption was Nigeria, 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. The third position in this ranking was occupied by Cameroon, with a 15% share.

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

Nigeria remains the largest kola nut producing country worldwide, 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. Cameroon ranked third in terms of total production with a 15% share.

What are the leading suppliers of kola nuts to Sri Lanka?

In value terms, the United Arab Emirates $364) constituted the largest supplier of kola nut to Sri Lanka.

What are the leading importers of kola nuts from Sri Lanka?

In value terms, France remains the key foreign market for kola nut exports from Sri Lanka.

What is the average export price for kola nuts in Sri Lanka?

The average kola nut export price stood at $5,358 per ton in 2020, rising by 55% against the previous year.

What is the average import price for kola nuts in Sri Lanka?

The average kola nut import price stood at $2,459 per ton in 2016, approximately reflecting the previous year.

This report provides an in-depth analysis of the kola nut market in Sri Lanka. 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:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Area Harvested, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024