Eastern Asia: Areca Nut Market 2024

Areca Nut Market Size in Eastern Asia

In 2022, the East Asian areca nut market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the market value increased by X%. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Areca Nut Production in Eastern Asia

In value terms, areca nut production contracted modestly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Taiwan (Chinese) (X tons) and China (X tons).

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Taiwan (Chinese) (with a CAGR of X%).

The average areca nut yield declined to X tons per ha in 2022, leveling off at 2021 figures. Over the period under review, the yield continues to indicate a slight reduction. The growth pace was the most rapid in 2017 when the yield increased by X% against the previous year. The level of 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, approx. X ha of areca nuts were harvested in Eastern Asia; therefore, remained relatively stable against the previous year's figure. Overall, the harvested area recorded a slight setback. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Areca Nut Exports

Exports in Eastern Asia

In 2022, approx. X tons of areca nuts were exported in Eastern Asia; growing by X% compared with the previous year. Over the period under review, exports, however, recorded a noticeable contraction. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, areca nut exports soared to $X in 2022. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China (X tons) and Hong Kong SAR (X tons) dominates exports structure, together making up X% of total exports. It was distantly followed by Taiwan (Chinese) (X tons), achieving an X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, China ($X) remains the largest areca nut supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports.

In China, areca nut exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price saw significant growth. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

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 China ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the export price figures.

Areca Nut Imports

Imports in Eastern Asia

In 2022, supplies from abroad of areca nuts increased by X% to X tons, rising for the fifth consecutive year after two years of decline. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, areca nut imports surged to $X in 2022. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

The purchases of the one major importers of areca nuts, namely China, represented more than two-thirds of total import.

China was also the fastest-growing in terms of the areca nuts imports, with a CAGR of X% from 2012 to 2022. China (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported areca nuts in Eastern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the import price, however, recorded a mild curtailment. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Source: IndexBox Platform

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