Africa: Areca Nut Market 2024

Areca Nut Market Size in Africa

The African areca nut market reached $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, showed a noticeable shrinkage. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Areca Nut Production in Africa

In value terms, areca nut production surged to $X in 2022 estimated in export price. In general, production showed a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. The level of production peaked in 2022 and is likely to see steady growth in the immediate term.

South Africa (X tons) remains the largest areca nut producing country in Africa, comprising approx. X% of total volume. Moreover, areca nut production in South Africa exceeded the figures recorded by the second-largest producer, Nigeria (X tons), twofold. Tanzania (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual growth rate of volume in South Africa was relatively modest. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Tanzania (X% per year).

Areca Nut Exports

Exports in Africa

In 2022, shipments abroad of areca nuts increased by X% to X tons, rising for the fifth year in a row after two years of decline. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, areca nut exports soared to $X in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

South Africa represented the major exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by Nigeria (X tons) and Tanzania (X tons), together committing a X% share of total exports. Senegal (X tons) followed a long way behind the leaders.

South Africa was also the fastest-growing in terms of the areca nuts exports, with a CAGR of X% from 2012 to 2022. At the same time, Senegal (X%), Nigeria (X%) and Tanzania (X%) displayed positive paces of growth. While the share of South Africa (X p.p.), Tanzania (X p.p.) and Senegal (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Nigeria (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) emerged as the largest areca nut supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Senegal ($X), with a X% share of total exports. It was followed by Nigeria, with a X% share.

In South Africa, areca nut exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (X% per year) and Nigeria (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price saw resilient growth. The growth pace was the most rapid in 2017 when the export price increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced more modest paces of growth.

Areca Nut Imports

Imports in Africa

Areca nut imports surged to X tons in 2022, rising by X% on 2021 figures. Total imports indicated modest growth 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. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, areca nut imports skyrocketed to $X in 2022. Total imports indicated a temperate 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, imports decreased by X% against 2020 indices. The level of import peaked at $X in 2020; afterwards, it flattened through to 2022.

Imports by Country

South Africa was the major importer of areca nuts in Africa, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. It was distantly followed by Morocco (X tons), committing an X% share of total imports. Mauritius (X tons), Egypt (X tons) and Mozambique (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to areca nut imports into South Africa stood at X%. At the same time, Mozambique (X%) and Mauritius (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Egypt experienced a relatively flat trend pattern. By contrast, Morocco (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Morocco, South Africa, Mauritius, Egypt and Mozambique increased by X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported areca nuts in Africa, comprising X% of total imports. The second position in the ranking was held by Morocco ($X), with a X% share of total imports. It was followed by Mauritius, with a X% share.

In South Africa, areca nut imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Morocco (X% per year) and Mauritius (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, falling by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mauritius ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mauritius (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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