China: Areca Nut Market 2024

Areca Nut Market Size in China

In 2022, the Chinese areca nut market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Areca nut consumption peaked in 2022 and is expected to retain growth in the near future.

Areca Nut Production in China

In value terms, areca nut production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

The average yield of areca nuts in China declined modestly to X tons per ha in 2022, approximately reflecting the year before. Over the period under review, the yield recorded a slight curtailment. The growth pace was the most rapid in 2017 when the yield increased by X%. The areca nut yield peaked at X tons per ha in 2013; however, from 2014 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of areca nuts production in China declined slightly to X ha, therefore, remained relatively stable against 2021 figures. Over the period under review, the harvested area saw a slight decline. The pace of growth appeared the most rapid in 2021 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to areca nut production reached the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

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Areca Nut Exports

Exports from China

In 2022, the amount of areca nuts exported from China skyrocketed to X tons, growing by X% against 2021. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, areca nut exports soared to $X in 2022. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

Cambodia (X tons) was the main destination for areca nut exports from China, accounting for a X% share of total exports. Moreover, areca nut exports to Cambodia exceeded the volume sent to the second major destination, the Philippines (X tons), fivefold. The third position in this ranking was held by Hong Kong SAR (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cambodia stood at X.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Hong Kong SAR (X% per year).

In value terms, Cambodia ($X) remains the key foreign market for areca nuts exports from China, comprising X% of total exports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Cambodia totaled X.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Japan (X% per year).

Export Prices by Country

The average areca nut export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price posted significant growth. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Areca Nut Imports

Imports into China

In 2022, purchases abroad of areca nuts increased by X% to X tons, rising for the fourth consecutive year after three years of decline. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, areca nut imports soared to $X in 2022. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

Indonesia (X tons), Myanmar (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of areca nut imports to China, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Myanmar ($X), Indonesia ($X) and Taiwan (Chinese) ($X) appeared to be the largest areca nut suppliers to China, together comprising X% of total imports.

Among the main suppliers, Myanmar, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average areca nut import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a mild setback. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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