Greece: Areca Nut Market 2022

Areca Nut Market Size in Greece

For the ninth year in a row, the Greek areca nut market recorded growth in sales value, which increased by X% to $X in 2020. Overall, consumption posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Areca nut consumption peaked in 2020 and is likely to see gradual growth in the immediate term.

Areca Nut Production in Greece

In value terms, areca nut production skyrocketed to $X in 2020 estimated in export prices. Overall, production recorded a deep slump. Areca nut production peaked at $X in 2012; however, from 2013 to 2020, production failed to regain the momentum.

In 2020, the average areca nut yield in Greece stood at X kg per ha, approximately mirroring 2019 figures. Over the period under review, the yield continues to indicate 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 2020, the harvested area of areca nuts in Greece amounted to X ha, remaining relatively unchanged against 2019 figures. In general, the harvested area recorded a relatively flat trend pattern.

Areca Nut Exports

Exports from Greece

Areca nut exports from Greece reduced markedly to X kg in 2020, declining by -X% against the previous year's figure. Overall, exports showed a precipitous contraction. The smallest decline of -X% was in 2017. Exports peaked at X tonnes in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

In value terms, areca nut exports reduced remarkably to $X in 2020. Over the period under review, exports recorded a sharp slump. The smallest decline of -X% was in 2016. Exports peaked at $X in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Germany (X tonnes) was the main destination for areca nut exports from Greece, with a approx. X% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to Germany was relatively modest.

From 2012 to 2020, the average annual growth rate of value to Germany was relatively modest.

Export Prices by Country

The average areca nut export price stood at $X per tonne in 2020, shrinking by -X% against the previous year. Over the period under review, the export price showed a pronounced shrinkage. The pace of growth was the most pronounced in 2018 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2016; however, from 2017 to 2020, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2012 to 2020, the rate of growth in terms of prices for Germany amounted to X% per year.

Areca Nut Imports

Imports into Greece

In 2020, after six years of growth, there was significant decline in overseas purchases of areca nuts, when their volume decreased by -X% to X kg. Over the period under review, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tonnes in 2012; however, from 2013 to 2020, imports remained at a lower figure.

In value terms, areca nut imports reduced notably to $X in 2020. In general, imports showed a deep contraction. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Bulgaria (X kg) was the main areca nut supplier to Greece, accounting for a approx. X% share of total imports.

From 2012 to 2020, the average annual growth rate of volume from Bulgaria stood at +X%.

In value terms, Bulgaria ($X) constituted the largest supplier of areca nut to Greece.

From 2012 to 2020, the average annual rate of growth in terms of value from Bulgaria amounted to +X%.

Import Prices by Country

The average areca nut import price stood at $X per tonne in 2020, falling by -X% against the previous year. Overall, the import price showed a pronounced curtailment. The growth pace was the most rapid in 2017 an increase of X% year-to-year. The import price peaked at $X per tonne in 2018; however, from 2019 to 2020, import prices stood at a somewhat lower figure.

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

From 2012 to 2020, the rate of growth in terms of prices for Bulgaria amounted to +X% per year.

Source: IndexBox Platform