Report Update Apr 1, 2024

Cuba - Karite (Shea) Nuts - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Karite (Shea) Nuts Market 2022

Karite (Shea) Nuts Market Size in Cuba

The Cuban karite (shea) nuts market stood at less than $X in 2021, therefore, remained relatively stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a relatively flat trend pattern.

Karite (Shea) Nuts Exports

Exports by Country

Burkina Faso was the largest exporting country with an export of about X tons, which reached 48% of total exports. Mali (X tons) held a 21% share (based on physical terms) of total exports, which put it in second place, followed by Ghana (20%) and Nigeria (7.5%). Benin (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to karite (shea) nuts exports from Burkina Faso stood at +4.9%. At the same time, Nigeria (+46.6%), Mali (+40.3%), Benin (+16.7%) and Ghana (+1.8%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in the world, with a CAGR of +46.6% from 2012-2021. Mali (+19 p.p.), Nigeria (+7 p.p.) and Benin (+1.7 p.p.) significantly strengthened its position in terms of the global exports, while Burkina Faso and Ghana saw its share reduced by -14% and -14.1% from 2012 to 2021, respectively.

In value terms, the largest karite (shea) nuts supplying countries from Cuba were Burkina Faso ($X), Ghana ($X) and Benin ($X), with a combined 85% share of total exports. These countries were followed by Mali and Nigeria, which together accounted for a further 14%.

In terms of the main exporting countries, Nigeria, with a CAGR of +37.1%, saw the highest growth rate of 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

The export price in Cuba stood at less than $X per ton in 2021, approximately mirroring the previous year. In general, the export price continues to indicate a relatively flat trend pattern.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Benin (+13.7%), while the other leaders experienced more modest paces of growth.

Karite (Shea) Nuts Imports

Imports by Country

The purchases of the three major importers of karite (shea) nuts, namely Denmark, Ghana and Togo, represented more than two-thirds of total import. Burkina Faso (X tons) ranks next in terms of the total imports with a 10% share, followed by the United States (7.5%) and Singapore (0.2%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Burkina Faso (with a CAGR of +37.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest karite (shea) nuts importing markets into Cuba were Denmark ($X), Ghana ($X) and Togo ($X), with a combined 83% share of total imports. The United States, Burkina Faso and Singapore lagged somewhat behind, together accounting for a further 14%.

Burkina Faso, with a CAGR of +64.8%, recorded the highest rates of growth with regard to 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

The import price in Cuba stood at less than $X per ton in 2021, remaining constant against the previous year. In general, the import price showed a relatively flat trend pattern.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Togo (+15.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for karite (shea) nuts in the world?

The countries with the highest volumes of consumption in 2020 were Nigeria, Mali and Togo, with a combined 69% share of global consumption.

What are the largest producers of karite (shea) nuts in the world?

The countries with the highest volumes of production in 2021 were Nigeria, Mali and Burkina Faso, together comprising 88% of global production.

What are the leading suppliers of karite (shea) nuts to Cuba?

In value terms, Denmark, Ghana and Togo constituted the countries with the highest levels of imports in 2021, together accounting for 83% of total imports. The United States, Burkina Faso and Singapore lagged somewhat behind, together accounting for a further 14%.

What are the leading importers of karite (shea) nuts from Cuba?

In value terms, the largest karite shea) nuts supplying countries from Cuba were Burkina Faso, Ghana and Benin, together comprising 85% of total exports. These countries were followed by Mali and Nigeria, which together accounted for a further 14%.

What is the average export price for karite (shea) nuts in Cuba?

In 2021, the export price in Cuba amounted to less than $0.1 per ton, therefore, remained relatively stable against the previous year.

What is the average import price for karite (shea) nuts in Cuba?

The import price in Cuba stood at less than $0.1 per ton in 2021, almost unchanged from the previous year.

This report provides an in-depth analysis of the karite (shea) nuts market in Cuba. 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:

Country coverage:

Cuba

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cuba
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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023