Belgium: Areca Nut Market 2022

Areca Nut Market Size in Belgium

In 2020, the Belgian areca nut market increased by X% to $X, rising for the second year in a row after four years of decline. Overall, consumption showed a abrupt descent. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Areca nut consumption peaked at $X in 2013; however, from 2014 to 2020, consumption failed to regain the momentum.

Areca Nut Production in Belgium

In value terms, areca nut production stood at $X in 2020 estimated in export prices. In general, production saw a relatively flat trend pattern. Areca nut production peaked in 2020 and is expected to retain growth in the immediate term.

In 2020, the average areca nut yield in Belgium amounted to X kg per ha, approximately equating the year before. Overall, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, approx. X ha of areca nuts were harvested in Belgium; leveling off at the previous year's figure. Overall, the harvested area saw a relatively flat trend pattern.

Areca Nut Exports

Exports from Belgium

In 2020, the amount of areca nuts exported from Belgium amounted to X kg, leveling off at 2019. In general, exports posted significant growth. Over the period under review, exports attained the peak figure at X kg in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

In value terms, areca nut exports totaled $X in 2020. Overall, exports posted a significant expansion. Exports peaked at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

Democratic Republic of the Congo (X kg) was the main destination for areca nut exports from Belgium, accounting for a approx. X% share of total exports.

From 2012 to 2018, the average annual rate of growth in terms of volume to Democratic Republic of the Congo was relatively modest.

From 2012 to 2018, the average annual rate of growth in terms of value to Democratic Republic of the Congo was relatively modest.

Export Prices by Country

In 2018, the average areca nut export price amounted to $X per tonne, stabilizing at the previous year. Overall, the export price recorded a abrupt setback. Over the period under review, average export prices hit record highs at $X per tonne in 2012; however, from 2013 to 2018, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.

From 2012 to 2018, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to X% per year.

Areca Nut Imports

Imports into Belgium

In 2020, approx. X kg of areca nuts were imported into Belgium; with a decrease of -X% compared with the year before. Overall, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. As a result, imports reached the peak of X tonnes. from 2019 to 2020, the growth imports failed to regain the momentum.

In value terms, areca nut imports shrank remarkably to $X in 2020. Over the period under review, imports, however, faced a deep setback. The pace of growth appeared the most rapid in 2018 when imports increased by X% year-to-year. Imports peaked at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

France (X tonnes), the Netherlands (X kg) and India (X kg) were the main suppliers of areca nut imports to Belgium. Moreover, areca nut imports in France exceeded the figures recorded by the second-largest supplier, the Netherlands, sevenfold.

From 2012 to 2020, the biggest increases were in France (+X% per year), while purchases for the other leaders experienced a decline.

In value terms, the largest areca nut suppliers to Belgium were France ($X), the Netherlands ($X) and India ($X saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2020, the average areca nut import price amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, the import price showed a precipitous slump. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per tonne), while the price for France ($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 prices for the other major suppliers experienced a decline.

Source: IndexBox Platform