EU: Areca Nut Market 2024

Areca Nut Market Size in the EU

The EU areca nut market surged to $X in 2022, jumping by X% against the previous year. In general, consumption, however, posted a buoyant expansion. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the immediate term.

Areca Nut Production in the EU

In value terms, areca nut production declined to $X in 2022 estimated in export price. Over the period under review, production, however, showed slight growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

The Netherlands (X tons) remains the largest areca nut producing country in the European Union, comprising approx. X% of total volume. Moreover, areca nut production in the Netherlands exceeded the figures recorded by the second-largest producer, Germany (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume in the Netherlands was relatively modest. In the other countries, the average annual rates were as follows: Germany (X% per year) and Belgium (X% per year).

Areca Nut Exports

Exports in the EU

In 2022, shipments abroad of areca nuts increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports posted a resilient expansion. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, areca nut exports soared to $X in 2022. Overall, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

France was the major exporter of areca nuts in the European Union, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by the Netherlands (X tons), Germany (X tons) and Belgium (X tons), together mixing up a X% share of total exports.

France was also the fastest-growing in terms of the areca nuts exports, with a CAGR of X% from 2012 to 2022. At the same time, Belgium (X%) and Germany (X%) displayed positive paces of growth. By contrast, the Netherlands (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of France, Germany and Belgium increased by X, X and X percentage points, respectively.

In value terms, the largest areca nut supplying countries in the European Union were France ($X), Germany ($X) and the Netherlands ($X), with a combined X% share of total exports.

France, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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 Germany ($X per ton), while France ($X per ton) was amongst the lowest.

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

Areca Nut Imports

Imports in the EU

In 2022, purchases abroad of areca nuts increased by X% to X tons, rising for the third year in a row after three years of decline. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, areca nut imports surged to $X in 2022. In general, imports saw a tangible increase. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, France (X tons) was the main importer of areca nuts, generating X% of total imports. Italy (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Ireland (X%), Belgium (X%) and the Netherlands (X%). Romania (X tons) and Germany (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to areca nut imports into France stood at X%. At the same time, Ireland (X%), the Netherlands (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Italy (X%), Romania (X%) and Germany (X%) illustrated a downward trend over the same period. France (X p.p.), Ireland (X p.p.), Belgium (X p.p.) and the Netherlands (X p.p.) significantly strengthened its position in terms of the total imports, while Romania, Germany and Italy saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, France ($X) constitutes the largest market for imported areca nuts in the European Union, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with an X% share of total imports. It was followed by the Netherlands, with a X% share.

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

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price recorded buoyant growth. The growth pace was the most rapid in 2020 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while Romania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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