Europe: Kola Nut Market 2024

Kola Nut Market Size in Europe

In 2022, the Europe kola nut market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption, however, continues to indicate a tangible expansion. As a result, consumption attained the peak level of $X, and then contracted rapidly in the following year.

Kola Nut Production in Europe

In value terms, kola nut production totaled $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Russia (X tons) remains the largest kola nut producing country in Europe, accounting for X% of total volume. Moreover, kola nut production in Russia exceeded the figures recorded by the second-largest producer, the Netherlands (X tons), fourfold.

In Russia, kola nut production remained relatively stable over the period from 2012-2022.

Kola Nut Exports

Exports in Europe

In 2022, exports of kola nuts in Europe surged to X tons, with an increase of X% against 2021. In general, exports recorded a strong increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, kola nut exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Russia (X tons) represented the key exporter of kola nuts, making up X% of total exports. Italy (X tons) took the second position in the ranking, followed by France (X tons) and Belgium (X tons). All these countries together took approx. X% share of total exports. The following exporters - Germany (X tons) and the Netherlands (X tons) - each resulted at a X% share of total exports.

Russia was also the fastest-growing in terms of the kola nuts exports, with a CAGR of X.9% from 2012 to 2022. At the same time, Italy (X%), France (X%) and Germany (X%) displayed positive paces of growth. By contrast, Belgium (X%) and the Netherlands (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia, Italy and France increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X), the Netherlands ($X) and France ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Italy, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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 Europe amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price faced a abrupt curtailment. The pace of growth was the most pronounced in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced more modest paces of growth.

Kola Nut Imports

Imports in Europe

In 2022, kola nut imports in Europe rose notably to X tons, surging by X% compared with the previous year's figure. Total imports indicated a measured 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, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, kola nut imports skyrocketed to $X in 2022. Total imports indicated notable 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, imports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

France was the key importing country with an import of around X tons, which resulted at X% of total imports. Germany (X tons) ranks second in terms of the total imports with a X% share, followed by Italy (X%), Spain (X%) and the UK (X%). Belgium (X tons) and the Netherlands (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to kola nut imports into France stood at X%. At the same time, Italy (X%), Spain (X%) and the UK (X%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2022. By contrast, Belgium (X%), Germany (X%) and the Netherlands (X%) illustrated a downward trend over the same period. While the share of Italy (X p.p.), Spain (X p.p.), the UK (X p.p.) and France (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belgium (X p.p.), the Netherlands (X p.p.) and Germany (X p.p.) displayed negative dynamics.

In value terms, France ($X) constitutes the largest market for imported kola nuts in Europe, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

In France, kola nut imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (X% per year) and the UK (X% per year).

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2016 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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