Thailand - Areca Nuts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAreca Nut Price in Thailand Plummets to $1,114 per Ton After Four Consecutive Months of Contraction
Thailand Areca Nut Export Price in April 2023
In April 2023, the areca nut price stood at $1,114 per ton (FOB, Thailand), waning by -10.8% against the previous month. In general, the export price showed a pronounced slump. The pace of growth was the most pronounced in October 2022 an increase of 125% month-to-month. Over the period under review, the average export prices attained the maximum at $1,794 per ton in December 2022; however, from January 2023 to April 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Myanmar ($1,332 per ton), while the average price for exports to Vietnam ($507 per ton) was amongst the lowest.
From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (-1.5%), while the prices for the other major destinations experienced a decline.
| COUNTRY | Export Price of Areca Nut in Thailand (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | |
| Myanmar | 1,602 | 1,551 | 1,639 | 1,339 | 1,495 | 1,414 | 1,611 | 1,546 | 1,740 | 1,504 | 1,499 | 1,364 | 1,332 |
| India | 2,129 | 2,107 | 1,885 | N/A | 1,824 | 1,699 | N/A | N/A | N/A | N/A | N/A | N/A | 1,098 |
| Bangladesh | 1,576 | 1,612 | 1,676 | 1,469 | 1,549 | 1,558 | 1,419 | 1,525 | 1,479 | 1,425 | 1,212 | 1,107 | 1,061 |
| Sri Lanka | N/A | N/A | N/A | N/A | N/A | 1,636 | N/A | N/A | N/A | N/A | N/A | N/A | 863 |
| China | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1,392 | N/A | 850 |
| Iran | 1,479 | N/A | 1,466 | N/A | N/A | N/A | N/A | N/A | N/A | 2,095 | N/A | 1,444 | 687 |
| Vietnam | 614 | 542 | 499 | 522 | 539 | 462 | 211 | N/A | 719 | N/A | N/A | N/A | 507 |
| Average | 1,498 | 1,302 | 1,109 | 783 | 878 | 711 | 1,602 | 1,617 | 1,794 | 1,715 | 1,439 | 1,250 | 1,114 |
Thailand Areca Nut Exports
In April 2023, approximately 2.9K tons of areca nuts were exported from Thailand; increasing by 4.2% on the previous month's figure. Overall, exports, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in November 2022 when exports increased by 313% against the previous month.
In value terms, areca nut exports shrank to $3.2M (IndexBox estimates) in April 2023. Over the period under review, exports, however, saw a deep reduction. The growth pace was the most rapid in November 2022 with an increase of 317% against the previous month.
Thailand Areca Nut Exports by Country
Bangladesh (1.7K tons) was the main destination for areca nut exports from Thailand, accounting for a 61% share of total exports. Moreover, areca nut exports to Bangladesh exceeded the volume sent to the second major destination, Myanmar (760 tons), twofold. The third position in this ranking was held by Iran (112 tons), with a 3.9% share.
From April 2022 to April 2023, the average monthly growth rate of volume to Bangladesh stood at +11.2%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Myanmar (-11.3% per month) and Iran (+9.4% per month).
In value terms, the largest markets for areca nut exported from Thailand were Bangladesh ($1.8M), Myanmar ($1M) and India ($99K), with a combined 92% share of total exports. Iran, China, Sri Lanka and Vietnam lagged somewhat behind, together comprising a further 6.4%.
Sri Lanka, with a CAGR of +46.1%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the areca nut market in Thailand. 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:
- FCL 226 - Areca nuts
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
