Singapore - Areca Nuts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAreca Nut Price in Singapore - 2022
Contents:
- Areca Nut Price in Singapore (FOB) - 2022
- Areca Nut Price in Singapore (CIF) - 2022
- Areca Nut Exports in Singapore
- Areca Nut Imports in Singapore
Areca Nut Price in Singapore (FOB) - 2022
The average areca nut export price stood at $1,794 per ton in September 2022, waning by -9.7% against the previous month. In general, the export price continues to indicate a mild contraction. The growth pace was the most rapid in December 2021 when the average export price increased by 63% m-o-m. As a result, the export price reached the peak level of $3,334 per ton. From January 2022 to September 2022, the the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In September 2022, the countries with the highest prices were Sri Lanka ($1,859 per ton) and Colombia ($1,678 per ton), while the average price for exports to the United Arab Emirates ($1,267 per ton) and Bangladesh ($1,497 per ton) were amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Areca Nut Price in Singapore (CIF) - 2022
In September 2022, the average areca nut import price amounted to $1,758 per ton, reducing by -12.5% against the previous month. In general, the import price showed a perceptible shrinkage. The most prominent rate of growth was recorded in January 2022 when the average import price increased by 49% m-o-m. The import price peaked at $2,762 per ton in February 2022; however, from March 2022 to September 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($4,594 per ton), while the price for Indonesia stood at $1,704 per ton.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.3%).
Areca Nut Exports in Singapore
In 2022, overseas shipments of areca nuts decreased by -38.5% to 8.5K tons, falling for the second year in a row after two years of growth. Overall, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. As a result, the exports attained the peak of 20K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, areca nut exports dropped markedly to $12M in 2022. Over the period under review, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 31%. As a result, the exports reached the peak of $30M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Areca Nut in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.5 | 2.5 | 7.3 | 5.8 | 126.4% |
| United Arab Emirates | N/A | N/A | N/A | 1.8 | 0% |
| Sri Lanka | N/A | N/A | N/A | 1.7 | 0% |
| Bangladesh | 3.1 | 3.8 | 13.7 | 1.2 | -27.1% |
| Iran | 4.9 | 10.7 | 0.5 | 0.6 | -50.3% |
| Malaysia | N/A | N/A | 0.8 | 0.3 | -62.5% |
| Afghanistan | 6.7 | 6.2 | 0.6 | 0.2 | -69.0% |
| Thailand | 7.9 | 6.8 | 5.4 | 0.1 | -76.7% |
| Others | 0.1 | 0.3 | 0.2 | 0.6 | 81.7% |
| Total | 23.2 | 30.4 | 28.4 | 12.2 | -19.3% |
Top Export Markets for Areca Nut from Singapore in 2022:
- India (4052.9 tons)
- Sri Lanka (1193.5 tons)
- United Arab Emirates (1185.1 tons)
- Bangladesh (1077.6 tons)
- Iran (487.5 tons)
- Malaysia (174.7 tons)
- Afghanistan (105.8 tons)
- Thailand (54.2 tons)
Areca Nut Imports in Singapore
In 2022, purchases abroad of areca nuts decreased by -42.4% to 8.6K tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of 25% against the previous year. As a result, imports reached the peak of 20K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, areca nut imports shrank significantly to $12M in 2022. In general, imports saw a sharp setback. The pace of growth appeared the most rapid in 2020 when imports increased by 33% against the previous year. As a result, imports attained the peak of $31M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Areca Nut in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 22.8 | 29.5 | 28.5 | 11.2 | -21.1% |
| Myanmar | 0.2 | 0.2 | N/A | 0.2 | 0.0% |
| Others | 0.1 | 0.9 | 1.2 | 0.3 | 44.2% |
| Total | 23.1 | 30.7 | 29.7 | 11.7 | -20.3% |
Top Suppliers of Areca Nut to Singapore in 2022:
- Indonesia (8.2K tons)
- Myanmar (0.3K tons)
This report provides an in-depth analysis of the areca nut market in Singapore. 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:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- 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
-
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
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