Asia-Pacific: Kola Nut Market 2024

Kola Nut Market Size in Asia-Pacific

The Asia-Pacific kola nut market soared to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption, however, saw prominent growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Kola Nut Production in Asia-Pacific

In value terms, kola nut production soared to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a notable increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Australia (X tons) remains the largest kola nut producing country in Asia-Pacific, accounting for X% of total volume. Moreover, kola nut production in Australia exceeded the figures recorded by the second-largest producer, Vietnam (X tons), fivefold. The third position in this ranking was taken by Indonesia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume in Australia stood at X%. The remaining producing countries recorded the following average annual rates of production growth: Vietnam (X% per year) and Indonesia (X% per year).

Kola Nut Exports

Exports in Asia-Pacific

In 2022, the amount of kola nuts exported in Asia-Pacific soared to X tons, growing by X% on 2021. Overall, exports, however, recorded a noticeable setback. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, kola nut exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2016 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, India (X tons) was the key exporter of kola nuts, comprising X% of total exports. Indonesia (X tons) ranks second in terms of the total exports with a X% share, followed by Vietnam (X%). Australia (X kg) took a little share of total exports.

India was also the fastest-growing in terms of the kola nuts exports, with a CAGR of X% from 2012 to 2022. At the same time, Indonesia (X%) displayed positive paces of growth. By contrast, Vietnam (X%) and Australia (X%) illustrated a downward trend over the same period. India (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest kola nut supplying countries in Asia-Pacific were Australia ($X), Vietnam ($X) and Indonesia ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Indonesia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while India ($X per ton) was amongst the lowest.

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

Kola Nut Imports

Imports in Asia-Pacific

In 2022, imports of kola nuts in Asia-Pacific skyrocketed to X tons, rising by X% compared with the year before. Over the period under review, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2014 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 stood at a somewhat lower figure.

In value terms, kola nut imports surged to $X in 2022. In general, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

India represented the largest importer of kola nuts in Asia-Pacific, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. Japan (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (X%). Taiwan (Chinese) (X kg) followed a long way behind the leaders.

India was also the fastest-growing in terms of the kola nuts imports, with a CAGR of X% from 2012 to 2022. At the same time, Japan (X%) displayed positive paces of growth. By contrast, Hong Kong SAR (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. While the share of India (X p.p.), Japan (X p.p.) and Taiwan (Chinese) (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Hong Kong SAR (X p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported kola nuts in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

In India, kola nut imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2014 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

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 Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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