Thailand - Areca Nuts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAreca Nut Price in Thailand - 2023
Contents:
- Areca Nut Price in Thailand (FOB) - 2023
- Areca Nut Price in Thailand (CIF) - 2022
- Areca Nut Exports in Thailand
- Areca Nut Imports in Thailand
Areca Nut Price in Thailand (FOB) - 2023
In November 2023, the average areca nut export price amounted to $993 per ton, with an increase of 1.5% against the previous month. Overall, the export price, however, saw a perceptible contraction. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 11% month-to-month. As a result, the export price attained the peak level of $1,794 per ton. From January 2023 to November 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($2,419 per ton), while the average price for exports to Vietnam ($528 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+75.5%), while the prices for the other major destinations experienced mixed trend patterns.
Areca Nut Price in Thailand (CIF) - 2022
In 2022, the average areca nut import price amounted to $1,652 per ton, picking up by 25% against the previous year. Overall, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, areca nut import price increased by +35.1% against 2017 indices. The most prominent rate of growth was recorded in 2014 an increase of 34%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Indonesia.
From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +8.6% per year.
Areca Nut Exports in Thailand
In 2022, after three years of growth, there was significant decline in overseas shipments of areca nuts, when their volume decreased by -50.5% to 64K tons. In general, exports, however, saw prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 164%. As a result, the exports reached the peak of 129K tons, and then plummeted in the following year.
In value terms, areca nut exports reduced sharply to $74M in 2022. Over the period under review, exports, however, showed a measured increase. The most prominent rate of growth was recorded in 2021 with an increase of 122%. As a result, the exports reached the peak of $165M, and then shrank significantly in the following year.
| Export of Areca Nut in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | N/A | 55.2 | 141 | 40.8 | -14.0% |
| Vietnam | 0.2 | 1.1 | 8.7 | 13.3 | 305.1% |
| Bangladesh | 20.6 | 11.3 | 8.3 | 8.7 | -25.0% |
| India | 8.6 | 1.3 | 1.7 | 5.4 | -14.4% |
| United Kingdom | 8.2 | 1.3 | 1.9 | 1.5 | -43.2% |
| Lao People's Democratic Republic | N/A | N/A | N/A | 0.8 | 0% |
| Saudi Arabia | 15.7 | 1.9 | 2.6 | 0.5 | -68.3% |
| Iran | 6.0 | 0.6 | N/A | 0.3 | -63.2% |
| Others | 7.7 | 1.7 | 1.6 | 2.4 | -32.2% |
| Total | 66.9 | 74.3 | 165 | 73.6 | 3.2% |
Top Export Markets for Areca Nut from Thailand in 2022:
- Vietnam (26.1K tons)
- Myanmar (25.3K tons)
- Bangladesh (5.4K tons)
- India (2.6K tons)
- Lao People's Democratic Republic (2.0K tons)
- United Kingdom (0.4K tons)
- Saudi Arabia (0.2K tons)
- Iran (0.2K tons)
Areca Nut Imports in Thailand
After three years of growth, supplies from abroad of areca nuts decreased by -84.6% to 14K tons in 2022. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 784%.
In value terms, areca nut imports contracted sharply to $23M in 2022. Overall, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 808% against the previous year.
| Import of Areca Nut in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 2.8 | 27.9 | 118 | 22.6 | 100.6% |
| Others | 0.4 | 1.0 | 0.4 | N/A | 0.0% |
| Total | 3.2 | 28.9 | 118 | 22.6 | 91.9% |
Top Suppliers of Areca Nut to Thailand in 2022:
- Indonesia (13.7K tons)
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
-
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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