Belgium: Areca Nut Market Overview 2021

Areca Nut Market Size in Belgium

The Belgian areca nut market skyrocketed to $X in 2019, jumping by X% against the previous year. Over the period under review, consumption recorded significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Areca Nut Production in Belgium

In value terms, areca nut production skyrocketed to $X in 2019 estimated in export prices. In general, production posted a significant increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

The average yield of areca nuts in Belgium totaled X kg per ha in 2019, therefore, remained relatively stable against 2018. In general, the yield recorded 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 2019, approx. X ha of areca nuts were harvested in Belgium; approximately equating the year before. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Areca Nut Exports

Exports from Belgium

In 2019, after two years of decline, there was significant decline in overseas shipments of areca nuts, when their volume decreased by -X% to X kg. Over the period under review, exports, however, showed a relatively flat trend pattern. Exports peaked at X kg in 2018, and then fell sharply in the following year.

In value terms, areca nut exports shrank remarkably to $X in 2019. In general, exports, however, continue to indicate a noticeable curtailment. Exports peaked at $X in 2012; however, from 2013 to 2019, 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 X% share of total exports. Moreover, areca nut exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, France (X kg), threefold.

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

From 2012 to 2018, the average annual growth rate 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, remaining constant against the previous year. Overall, the export price recorded a perceptible descent. Over the period under review, average export prices hit record highs at $X per tonne in 2016; however, from 2017 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Democratic Republic of the Congo ($X per tonne), while the average price for exports to France totaled $X per tonne.

From 2012 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to France.

Areca Nut Imports

Imports into Belgium

In 2019, the amount of areca nuts imported into Belgium skyrocketed to X tonnes, increasing by X% compared with 2018 figures. In general, imports saw a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, areca nut imports expanded slightly to $X in 2019. Overall, total imports indicated a strong expansion from 2012 to 2019: its value increased at an average annual rate of +X% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum in 2019 and are likely to continue growth in years to come.

Imports by Country

In 2019, France (X kg) constituted the largest supplier of areca nut to Belgium, accounting for a X% share of total imports. Moreover, areca nut imports from France exceeded the figures recorded by the second-largest supplier, the Netherlands (X kg), ninefold. The third position in this ranking was occupied by Rwanda (X kg), with a X% share.

From 2012 to 2019, the average annual rate of growth in terms of volume from France totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-X% per year) and Rwanda (X% per year).

In value terms, the largest areca nut suppliers to Belgium were France ($X), the Netherlands ($X) and India ($X), with a combined X% share of total imports.

In terms of the main suppliers, France 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 2019, the average areca nut import price amounted to $X per tonne, which is down by -X% against the previous year. Overall, the import price saw a drastic downturn. The pace of growth appeared the most rapid in 2014 an increase of X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2015 to 2019, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was India ($X per tonne), while the price for Rwanda ($X per tonne) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for areca nuts in the world?

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India (912K tonnes) remains the largest areca nut consuming country worldwide, comprising approx. 58% of total volume. Moreover, areca nut consumption in India exceeded the figures recorded by the second-largest consumer, Bangladesh (322K tonnes), threefold. Taiwan (Chinese) (104K tonnes) ranked third in terms of total consumption with a 6.6% share.

What are the largest producers of areca nuts in the world?

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The country with the largest volume of areca nut production was India (901K tonnes), accounting for 49% of total volume. Moreover, areca nut production in India exceeded the figures recorded by the second-largest producer, Bangladesh (317K tonnes), threefold. Indonesia (253K tonnes) ranked third in terms of total production with a 14% share.

What are the leading suppliers of areca nuts to Belgium?

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In value terms, France ($1.4K), the Netherlands ($823) and India ($335) were the largest areca nut suppliers to Belgium, with a combined 96% share of total imports.

What is the average export price for areca nuts in Belgium?

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In 2018, the average areca nut export price amounted to $6,859 per tonne, remaining constant against the previous year.

What is the average import price for areca nuts in Belgium?

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The average areca nut import price stood at $2,579 per tonne in 2019, waning by -46.3% against the previous year.