France: Areca Nut Market 2022

Areca Nut Market Size in France

In 2020, the French areca nut market decreased by -X% to $X for the first time since 2017, thus ending a two-year rising trend. Over the period under review, consumption, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2020, consumption remained at a lower figure.

Areca Nut Exports

Exports from France

After four years of decline, overseas shipments of areca nuts increased by X% to X tonnes in 2020. Overall, exports, however, saw a abrupt decrease. Exports peaked at X tonnes in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

In value terms, areca nut exports soared to $X in 2020. In general, exports, however, showed a deep reduction. Over the period under review, exports reached the maximum at $X in 2012; however, from 2013 to 2020, exports remained at a lower figure.

Exports by Country

Belgium (X tonnes) was the main destination for areca nut exports from France, accounting for a X% share of total exports. Moreover, areca nut exports to Belgium exceeded the volume sent to the second major destination, Madagascar (X kg), ninefold.

From 2012 to 2020, the average annual rate of growth in terms of volume to Belgium amounted to +X%.

In value terms, Belgium ($X) remains the key foreign market for areca nut exports from France, comprising X% of total exports. The second position in the ranking was occupied by Madagascar ($X), with a X% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of value to Belgium stood at +X%.

Export Prices by Country

The average areca nut export price stood at $X per tonne in 2020, surging by X% against the previous year. Over the period under review, the export price, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2019 an increase of X% year-to-year. Over the period under review, average export prices hit record highs at $X per tonne in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Madagascar ($X per tonne), while the average price for exports to Belgium stood at $X per tonne.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Belgium.

Areca Nut Imports

Imports into France

In 2020, overseas purchases of areca nuts increased by X% to X tonnes, rising for the second year in a row after two years of decline. In general, imports, however, recorded a mild decline. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, imports hit record highs at X tonnes in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

In value terms, areca nut imports stood at $X in 2020. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Indonesia (X tonnes) was the main areca nut supplier to France, with a X% share of total imports. Moreover, areca nut imports from Indonesia exceeded the figures recorded by the second-largest supplier, India (X tonnes), more than tenfold.

From 2012 to 2020, the average annual rate of growth in terms of volume from Indonesia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Bangladesh (+X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of areca nut to France, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports.

From 2012 to 2020, the average annual growth rate of value from Indonesia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Bangladesh (+X% per year).

Import Prices by Country

In 2020, the average areca nut import price amounted to $X per tonne, picking up by X% against the previous year. Over the period under review, the import price showed a slight expansion. The pace of growth appeared the most rapid in 2013 an increase of X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2018; however, from 2019 to 2020, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was India ($X per tonne), while the price for Indonesia ($X per tonne) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform