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Asia - Areca Nuts - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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Asia: Areca Nut Market Overview 2021

Areca Nut Market Size in Asia

For the fourth consecutive year, the Asian areca nut market recorded growth in sales value, which increased by X% to $X in 2020. Overall, consumption recorded strong growth. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, the market hit record highs in 2020 and is expected to retain growth in the immediate term.

Areca Nut Production in Asia

In value terms, areca nut production shrank modestly to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate strong growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% y-o-y. The level of production peaked at $X in 2019, and then contracted in the following year.

India (X tonnes) constituted the country with the largest volume of areca nut production, accounting for X% of total volume. Moreover, areca nut production in India exceeded the figures recorded by the second-largest producer, Bangladesh (X tonnes), threefold. The third position in this ranking was occupied by Indonesia (X tonnes), with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume in India stood at +X%. The remaining producing countries recorded the following average annual rates of production growth: Bangladesh (+X% per year) and Indonesia (+X% per year).

In 2020, the average yield of areca nuts in Asia dropped modestly to X tonnes per ha, remaining constant against the year before. The yield figure increased at an average annual rate of +X% over the period from 2012 to 2020; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. The level of yield peaked at X tonnes per ha in 2019, and then fell in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the total area harvested in terms of areca nuts production in Asia expanded slightly to X ha, surging by X% compared with the previous year's figure. The harvested area increased at an average annual rate of +X% over the period from 2012 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. The level of harvested area peaked in 2020 and is likely to see gradual growth in the near future.

Production By Country in Asia

India (X tonnes) constituted the country with the largest volume of areca nut production, comprising approx. X% of total volume. Moreover, areca nut production in India exceeded the figures recorded by the second-largest producer, Bangladesh (X tonnes), threefold. The third position in this ranking was occupied by Indonesia (X tonnes), with a X% share.

In India, areca nut production expanded at an average annual rate of +X% over the period from 2012-2020. In the other countries, the average annual rates were as follows: Bangladesh (+X% per year) and Indonesia (+X% per year).

Areca Nut Exports

Exports in Asia

In 2020, the amount of areca nuts exported in Asia contracted slightly to X tonnes, waning by -X% compared with 2019. Total exports indicated noticeable growth from 2012 to 2020: its volume increased at an average annual rate of +X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, exports attained the peak of X tonnes. from 2019 to 2020, the growth exports remained at a lower figure.

In value terms, areca nut exports contracted to $X in 2020. Over the period under review, exports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2018 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. from 2019 to 2020, the growth exports remained at a lower figure.

Exports by Country

Indonesia represented the main exporter of areca nuts in Asia, with the volume of exports recording X tonnes, which was approx. X% of total exports in 2020. Myanmar (X tonnes) ranks second in terms of the total exports with a X% share, followed by Thailand (X%). The following exporters - Singapore (X tonnes) and Sri Lanka (X tonnes) - each accounted for an X% share of total exports.

From 2012 to 2020, average annual rates of growth with regard to areca nut exports from Indonesia stood at +X%. At the same time, Myanmar (+X%), Thailand (+X%) and Sri Lanka (+X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2012-2020. By contrast, Singapore (-X%) illustrated a downward trend over the same period. Myanmar (+X p.p.) and Thailand (+X p.p.) significantly strengthened its position in terms of the total exports, while Singapore and Indonesia saw its share reduced by -X% and -X% from 2012 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest areca nut supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Myanmar ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of value in Indonesia stood at +X%. In the other countries, the average annual rates were as follows: Myanmar (+X% per year) and Thailand (+X% per year).

Export Prices by Country

The areca nut export price in Asia stood at $X per tonne in 2020, remaining constant against the previous year. Export price indicated a buoyant expansion from 2012 to 2020: its price increased at an average annual rate of +X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, areca nut export price decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2014 when the export price increased by X% y-o-y. Over the period under review, export prices attained the maximum at $X per tonne in 2017; however, from 2018 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Sri Lanka ($X per tonne), while Indonesia ($X per tonne) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Sri Lanka, while the other leaders experienced more modest paces of growth.

Areca Nut Imports

Imports in Asia

After three years of decline, purchases abroad of areca nuts increased by X% to X tonnes in 2020. In general, imports enjoyed strong growth. Over the period under review, imports hit record highs at X tonnes in 2016; however, from 2017 to 2020, imports remained at a lower figure.

In value terms, areca nut imports soared to $X in 2020. Over the period under review, imports showed a strong increase. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

Imports by Country

India was the main importer of areca nuts in Asia, with the volume of imports finishing at X tonnes, which was approx. X% of total imports in 2020. Iran (X tonnes) took an X% share (based on tonnes) of total imports, which put it in second place, followed by Singapore (X%), Bangladesh (X%), Afghanistan (X%), China (X%), Thailand (X%) and the United Arab Emirates (X%).

Imports into India increased at an average annual rate of +X% from 2012 to 2020. At the same time, Thailand (+X%), China (+X%), Bangladesh (+X%), Singapore (+X%), the United Arab Emirates (+X%) and Iran (+X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2012-2020. Afghanistan experienced a relatively flat trend pattern. While the share of Afghanistan (+X p.p.), China (+X p.p.), Bangladesh (+X p.p.), Thailand (+X p.p.), Singapore (+X p.p.), Iran (+X p.p.) and India (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest areca nut importing markets in Asia were Iran ($X), India ($X) and Singapore ($X), together accounting for X% of total imports. Thailand, Bangladesh, Afghanistan, the United Arab Emirates and China lagged somewhat behind, together comprising a further X the main importing countries, Thailand (+X% per year) 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

In 2020, the areca nut import price in Asia amounted to $X per tonne, with a decrease of -X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per tonne. from 2018 to 2020, the growth in terms of the import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Iran ($X per tonne), while China ($X per tonne) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for areca nuts in Asia?
+
India (972K tonnes) remains the largest areca nut consuming country in Asia, accounting for 57% of total volume. Moreover, areca nut consumption in India exceeded the figures recorded by the second-largest consumer, Bangladesh (353K tonnes), threefold. The third position in this ranking was occupied by China (106K tonnes), with a 6.2% share.
What are the largest producers of areca nuts in Asia?
+
India (949K tonnes) constituted the country with the largest volume of areca nut production, comprising approx. 48% of total volume. Moreover, areca nut production in India exceeded the figures recorded by the second-largest producer, Bangladesh (348K tonnes), threefold. Indonesia (205K tonnes) ranked third in terms of total production with a 10% share.
What are the leading suppliers of areca nuts in Asia?
+
In value terms, Indonesia ($257M) remains the largest areca nut supplier in Asia, comprising 48% of total exports. The second position in the ranking was occupied by Myanmar ($112M), with a 21% share of total exports. It was followed by Thailand, with a 14% share.
What are the leading importers of areca nuts in Asia?
+
In value terms, Iran ($122M), India ($76M) and Singapore ($31M) constituted the countries with the highest levels of imports in 2020, with a combined 71% share of total imports. Thailand, Bangladesh, Afghanistan, the United Arab Emirates and China lagged somewhat behind, together accounting for a further 25%.
What is the average export price for areca nuts in Asia?
+
In 2020, the areca nut export price in Asia amounted to $1,490 per tonne, leveling off at the previous year.
What is the average import price for areca nuts in Asia?
+
The areca nut import price in Asia stood at $4,800 per tonne in 2020, dropping by -5.2% against the previous year.
Product coverage:
• FCL 226 - Areca nuts

This report provides an in-depth analysis of the areca nut market in Asia. 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 2025.


Country coverage:
• Afghanistan
• Armenia
• Bahrain
• Brunei Darussalam
• Cambodia
• Cyprus
• Democratic People's Republic of Korea
• Georgia
• Jordan
• Kyrgyzstan
• Lao People's Democratic Republic
• Lebanon
• Macao SAR
• Maldives
• Mongolia
• Palestine
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Timor-Leste
• Turkmenistan
• Yemen

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia, split by region and country
• Trade (exports and imports) in Asia
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Afghanistan
• Armenia
• Azerbaijan
• Bahrain
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• Hong Kong SAR
• Macao SAR
• Cyprus
• Georgia
• India
• Indonesia
• Iran
• Iraq
• Israel
• Japan
• Jordan
• Kazakhstan
• Kuwait
• Kyrgyzstan
• Lebanon
• Malaysia
• Maldives
• Mongolia
• Myanmar
• Nepal
• Oman
• Pakistan
• Palestine
• Philippines
• Qatar
• Saudi Arabia
• Singapore
• South Korea
• Sri Lanka
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Thailand
• Timor-Leste
• Turkey
• Turkmenistan
• United Arab Emirates
• Uzbekistan
• Viet Nam
• Yemen
• Lao People's Democratic Republic
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Harvested Area, By Country, 2007–2020
Table 7:
Yield, By Country, 2007–2020
Table 8:
Imports, In Physical Terms, By Country, 2007–2020
Table 9:
Imports, In Value Terms, By Country, 2007–2020
Table 10:
Import Prices, By Country Of Destination, 2007–2020
Table 11:
Exports, In Physical Terms, By Country, 2007–2020
Table 12:
Exports, In Value Terms, By Country, 2007–2020
Table 13:
Export Prices, By Country Of Origin, 2007–2020
Table 14:
Producer Prices, By Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2020
Figure 18:
Production, In Value Terms, 2007–2020
Figure 19:
Area Harvested, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, By Country, 2020
Figure 22:
Production, In Physical Terms, By Country, 2007–2020
Figure 23:
Harvested Area, By Country, 2020
Figure 24:
Harvested Area, By Country, 2007–2020
Figure 25:
Yield, By Country, 2007–2020
Figure 26:
Imports, In Physical Terms, 2007–2020
Figure 27:
Imports, In Value Terms, 2007–2020
Figure 28:
Imports, In Physical Terms, By Country, 2020
Figure 29:
Imports, In Physical Terms, By Country, 2007–2020
Figure 30:
Imports, In Value Terms, By Country, 2007–2020
Figure 31:
Import Prices, By Country, 2007–2020
Figure 32:
Exports, In Physical Terms, 2007–2020
Figure 33:
Exports, In Value Terms, 2007–2020
Figure 34:
Exports, In Physical Terms, By Country, 2020
Figure 35:
Exports, In Physical Terms, By Country, 2007–2020
Figure 36:
Exports, In Value Terms, By Country, 2007–2020
Figure 37:
Export Prices, 2007–2020
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