Asia-Pacific: Areca Nut Market 2024

Areca Nut Market Size in Asia-Pacific

The Asia-Pacific areca nut market expanded modestly to $X in 2022, growing by X% against the previous year. The total consumption indicated resilient growth 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, consumption increased by X% against 2019 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Areca Nut Production in Asia-Pacific

In value terms, areca nut production reduced modestly to $X in 2022 estimated in export price. Overall, production showed a resilient expansion. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

India (X tons) 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 tons), threefold. The third position in this ranking was held by Indonesia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in India amounted to X%. The remaining producing countries recorded the following average annual rates of production growth: Bangladesh (X% per year) and Indonesia (X% per year).

The average areca nut yield totaled X tons per ha in 2022, almost unchanged from the year before. In general, the yield, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha. From 2019 to 2022, the growth of the areca nut yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The areca nut harvested area was estimated at X ha in 2022, approximately mirroring the year before. The harvested area increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to areca nut production reached the maximum at X ha in 2020; afterwards, it flattened through to 2022.

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Areca Nut Exports

Exports in Asia-Pacific

In 2022, the amount of areca nuts exported in Asia-Pacific reduced sharply to X tons, waning by X% against the previous year. Total exports indicated a perceptible expansion 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. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then contracted dramatically in the following year.

In value terms, areca nut exports contracted markedly to $X in 2022. In general, exports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced rapidly in the following year.

Exports by Country

Indonesia was the largest exporting country with an export of about X tons, which amounted to X% of total exports. Thailand (X tons) ranks second in terms of the total exports with a X% share, followed by Myanmar (X%) and India (X%). Sri Lanka (X tons), Malaysia (X tons) and Singapore (X tons) followed a long way behind the leaders.

Exports from Indonesia increased at an average annual rate of X% from 2012 to 2022. At the same time, India (X%), Myanmar (X%), Thailand (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) and Singapore (X%) illustrated a downward trend over the same period. While the share of Myanmar (X p.p.), India (X p.p.), Malaysia (X p.p.) and Thailand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (X p.p.) and Indonesia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Indonesia stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Myanmar (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, dropping by X% against the previous year. Export price indicated a resilient increase from 2012 to 2022: its price 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, areca nut export price increased by X% against 2017 indices. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then declined in the following year.

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 Sri Lanka ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Areca Nut Imports

Imports in Asia-Pacific

In 2022, purchases abroad of areca nuts increased by X% to X tons, rising for the fourth year in a row after four years of decline. In general, imports enjoyed a noticeable expansion. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, areca nut imports soared to $X in 2022. Over the period under review, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, India (X tons) was the largest importer of areca nuts, mixing up X% of total imports. It was distantly followed by China (X tons), Thailand (X tons), Bangladesh (X tons), Pakistan (X tons) and Singapore (X tons), together generating a X% share of total imports. Malaysia (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to areca nut imports into India stood at X%. At the same time, Thailand (X%), China (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Bangladesh (X%), Singapore (X%) and Pakistan (X%) illustrated a downward trend over the same period. India (X p.p.), China (X p.p.), Thailand (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total imports, while Bangladesh, Singapore and Pakistan saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, India ($X) constitutes the largest market for imported areca nuts in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total imports. It was followed by China, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled X%. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and China (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Bangladesh ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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