Western Africa: Brazil Nut Market 2025

Brazil Nut Market Size in Western Africa

In 2021, after four years of growth, there was significant decline in the West African brazil nut market, when its value decreased by -12.1% to $X. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Brazil Nut Production in Western Africa

In value terms, brazil nut production contracted slightly to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 7.7% against the previous year. The level of production peaked at $X in 2020, and then contracted in the following year.

Nigeria (X tons) constituted the country with the largest volume of brazil nut production, comprising approx. 81% of total volume. Moreover, brazil nut production in Nigeria exceeded the figures recorded by the second-largest producer, Ghana (X tons), tenfold. Benin (X tons) ranked third in terms of total production with a 5.6% share.

In Nigeria, brazil nut production increased at an average annual rate of +2.2% over the period from 2012-2021. The remaining producing countries recorded the following average annual rates of production growth: Ghana (+2.0% per year) and Benin (+2.3% per year).

Brazil Nut Exports

Exports in Western Africa

In 2021, shipments abroad of brazil nuts increased by 178% to X tons, rising for the second year in a row after three years of decline. In general, exports recorded a pronounced increase. The most prominent rate of growth was recorded in 2020 when exports increased by 215%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, brazil nut exports skyrocketed to $X in 2021. Overall, exports, however, recorded a pronounced shrinkage. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Nigeria prevails in exports structure, recording X tons, which was approx. 94% of total exports in 2021. The following exporters - Ghana (X tons) and Benin (X tons) - together made up 4.2% of total exports.

Nigeria was also the fastest-growing in terms of the brazil nuts exports, with a CAGR of +14.2% from 2012 to 2021. Benin (-4.5%) and Ghana (-27.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Nigeria increased by +57 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) remains the largest brazil nut supplier in Western Africa, comprising 97% of total exports. The second position in the ranking was held by Ghana ($X), with a 1.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Nigeria stood at -2.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (-21.6% per year) and Benin (-1.5% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, picking up by 100% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt decline. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+7.9%), while the other leaders experienced mixed trends in the export price figures.

Brazil Nut Imports

Imports in Western Africa

In 2021, supplies from abroad of brazil nuts decreased by -0.9% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports, however, recorded a prominent increase. The growth pace was the most rapid in 2015 with an increase of 373,237%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, brazil nut imports dropped slightly to $X in 2021. Overall, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 954,020% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Ghana dominates imports structure, resulting at X tons, which was near 95% of total imports in 2021. The following importers - Mauritania (X tons) and Gambia (X tons) - each reached a 3.4% share of total imports.

Imports into Ghana increased at an average annual rate of +18.0% from 2012 to 2021. At the same time, Mauritania (+201.3%) displayed positive paces of growth. Moreover, Mauritania emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +201.3% from 2012-2021. By contrast, Gambia (-5.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Ghana and Mauritania increased by +7 and +1.8 percentage points, respectively.

In value terms, Ghana ($X) constitutes the largest market for imported brazil nuts in Western Africa, comprising 90% of total imports. The second position in the ranking was taken by Mauritania ($X), with a 3.6% share of total imports.

In Ghana, brazil nut imports expanded at an average annual rate of +17.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Mauritania (+103.7% per year) and Gambia (-20.2% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, remaining stable against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 157%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Mauritania ($X per ton), while Gambia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (-0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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