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Ireland - Areca Nuts - Market Analysis, Forecast, Size, Trends and Insights
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Ireland: Areca Nut Market Overview 2021

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Areca Nut Market Size in Ireland

The Irish areca nut market shrank sharply to $X in 2019, waning by -X% against the previous year. In general, consumption saw a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when the market value increased by X% y-o-y. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.

Areca Nut Production in Ireland

In value terms, areca nut production reduced rapidly to $X in 2019 estimated in export prices. Overall, production, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X, and then declined significantly in the following year.

The average yield of areca nuts in Ireland amounted to X kg per ha in 2019, remaining stable against 2018. In general, the yield recorded 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 2019, the areca nut harvested area in Ireland totaled X ha, leveling off at the year before. Over the period under review, the harvested area showed a relatively flat trend pattern.

Areca Nut Exports

Exports from Ireland

In 2019, the amount of areca nuts exported from Ireland declined dramatically to X kg, which is down by -X% on the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern. Exports peaked at X tonnes in 2018, and then shrank dramatically in the following year.

In value terms, areca nut exports fell sharply to $X in 2019. Overall, exports saw a relatively flat trend pattern. Over the period under review, exports attained the maximum at $X in 2018, and then shrank markedly in the following year.

Exports by Country

Italy (X tonnes) was the main destination for areca nut exports from Ireland, accounting for a approx. X% share of total exports.

From 2012 to 2018, the average annual growth rate of volume to Italy was relatively modest.

From 2012 to 2018, the average annual growth rate of value to Italy was relatively modest.

Export Prices by Country

The average areca nut export price stood at $X per tonne in 2018, therefore, remained relatively stable against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. Over the period under review, average export prices attained the maximum in 2018 and is likely to continue growth in years to come.

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

From 2012 to 2018, the rate of growth in terms of prices for Italy amounted to X% per year.

Areca Nut Imports

Imports into Ireland

In 2019, areca nut imports into Ireland dropped remarkably to X kg, shrinking by -X% on the year before. In general, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2016 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2013; however, from 2014 to 2019, imports failed to regain the momentum.

In value terms, areca nut imports dropped to $X in 2019. Overall, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, the UK (X kg) was the main supplier of areca nut to Ireland, accounting for a approx. X% share of total imports.

From 2012 to 2019, the average annual rate of growth in terms of volume from the UK totaled -X%.

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

From 2012 to 2019, the average annual growth rate of value from the UK amounted to -X%.

Import Prices by Country

The average areca nut import price stood at $X per tonne in 2019, rising by X% against the previous year. In general, the import price, however, showed a noticeable contraction. The import price peaked at $X per tonne in 2013; however, from 2014 to 2019, 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 the UK.

From 2012 to 2019, the rate of growth in terms of prices for the UK amounted to -X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for areca nuts in the world?
+
India (912K tonnes) remains the largest areca nut consuming country worldwide, accounting for 58% of total volume. Moreover, areca nut consumption in India exceeded the figures recorded by the second-largest consumer, Bangladesh (322K tonnes), threefold. Taiwan (Chinese) (104K tonnes) ranked third in terms of total consumption with a 6.6% share.
What are the largest producers of areca nuts in the world?
+
India (901K tonnes) constituted the country with the largest volume of areca nut production, accounting for 49% of total volume. Moreover, areca nut production in India exceeded the figures recorded by the second-largest producer, Bangladesh (317K tonnes), threefold. Indonesia (253K tonnes) ranked third in terms of total production with a 14% share.
What are the leading suppliers of areca nuts to Ireland?
+
In value terms, the UK ($6.2K) constituted the largest supplier of areca nut to Ireland.
What is the average export price for areca nuts in Ireland?
+
The average areca nut export price stood at $3,754 per tonne in 2018, remaining constant against the previous year.
What is the average import price for areca nuts in Ireland?
+
The average areca nut import price stood at $9,509 per tonne in 2019, jumping by 44% against the previous year.

Product coverage:
• FCL 226 - Areca nuts

This report provides an in-depth analysis of the areca nut market in Ireland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Ireland
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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