ECOWAS: Karite (Shea) Nuts Market 2024

Karite (Shea) Nuts Market Size in ECOWAS

The ECOWAS karite (shea) nuts market declined to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption recorded a mild decrease. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Karite (Shea) Nuts Production in ECOWAS

In value terms, karite (shea) nuts production reduced slightly to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Karite (Shea) Nuts Exports

Exports in ECOWAS

Karite (shea) nuts exports shrank to X tons in 2022, falling by X% against the previous year. Total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2019 indices. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, karite (shea) nuts exports fell to $X in 2022. Total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Burkina Faso (X tons) was the major exporter of karite (shea) nuts, achieving X% of total exports. Mali (X tons) ranks second in terms of the total exports with a X% share, followed by Ghana (X%) and Nigeria (X%). Benin (X tons) held a little share of total exports.

Exports from Burkina Faso increased at an average annual rate of X% from 2012 to 2022. At the same time, Nigeria (X%), Mali (X%) and Benin (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. Ghana experienced a relatively flat trend pattern. Mali (X p.p.), Nigeria (X p.p.) and Benin (X p.p.) significantly strengthened its position in terms of the total exports, while Burkina Faso and Ghana saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Burkina Faso ($X), Ghana ($X) and Nigeria ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, Nigeria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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 (X%), while the other leaders experienced more modest paces of growth.

Karite (Shea) Nuts Imports

Imports in ECOWAS

In 2022, approx. X tons of karite (shea) nuts were imported in ECOWAS; increasing by X% on the year before. In general, imports showed a resilient expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, karite (shea) nuts imports stood at $X in 2022. Over the period under review, imports saw prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

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

From 2012 to 2022, the biggest increases were recorded for Burkina Faso (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Togo ($X) and Burkina Faso ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Burkina Faso, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, declining by X% against the previous year. Import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, karite (shea) nuts import price increased by X% against 2020 indices. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :