Western Africa: Karite (Shea) Nuts Market 2024

Karite (Shea) Nuts Market Size in Western Africa

The West African karite (shea) nuts market contracted to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption continues to indicate a mild decline. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Karite (Shea) Nuts Production in Western Africa

In value terms, karite (shea) nuts production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Karite (Shea) Nuts Exports

Exports in Western Africa

In 2022, the amount of karite (shea) nuts exported in Western Africa contracted modestly to X tons, waning by X% on 2021 figures. Total exports indicated a buoyant expansion 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 growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, karite (shea) nuts exports declined to $X in 2022. Total exports indicated a resilient expansion 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 most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Burkina Faso (X tons) represented the largest exporter of karite (shea) nuts, comprising X% of total exports. Mali (X tons) held the second position in the ranking, followed by Ghana (X tons) and Nigeria (X tons). All these countries together held approx. X% share of total exports. Benin (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to karite (shea) nuts exports from Burkina Faso stood at X%. 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 Western Africa, with a CAGR of X% from 2012-2022. Ghana experienced a relatively flat trend pattern. While the share of Mali (X p.p.), Nigeria (X p.p.) and Benin (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Burkina Faso (X p.p.) and Ghana (X p.p.) displayed negative dynamics.

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

Nigeria, with a CAGR of X%, saw the highest growth rate of 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 Western Africa amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the export prices reached the maximum 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 Western Africa

In 2022, approx. X tons of karite (shea) nuts were imported in Western Africa; with an increase of X% compared with the previous year's figure. In general, imports showed resilient growth. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, karite (shea) nuts imports amounted to $X in 2022. Overall, imports recorded resilient growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

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), committing 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, the largest karite (shea) nuts importing markets in Western Africa were Ghana ($X), Togo ($X) and Burkina Faso ($X), together comprising X% of total imports.

Among the main importing countries, Burkina Faso, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 Western Africa stood at $X per ton in 2022, shrinking by X% against the previous year. Import price indicated a mild 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 pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, 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 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

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