Italy: Areca Nut Market 2022

Areca Nut Market Size in Italy

In 2020, the Italian areca nut market decreased by -X% to $X, falling for the second consecutive year after three years of growth. Overall, consumption continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. from 2014 to 2020, the growth of the market remained at a somewhat lower figure.

Areca Nut Production in Italy

In value terms, areca nut production totaled $X in 2020 estimated in export prices. Overall, production recorded a relatively flat trend pattern. Over the period under review, production hit record highs in 2020 and is expected to retain growth in the near future.

The average yield of areca nuts in Italy stood at X kg per ha in 2020, approximately reflecting 2019. In general, the yield showed 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 total area harvested in terms of areca nuts production in Italy amounted to X ha, approximately reflecting the year before. In general, the harvested area saw a relatively flat trend pattern.

Areca Nut Exports

Exports from Italy

Areca nut exports from Italy reduced markedly to X kg in 2020, falling by -X% against 2019 figures. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. As a result, exports attained the peak of X kg, and then contracted notably in the following year.

In value terms, areca nut exports reduced rapidly to $X in 2020. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by X% y-o-y. As a result, exports attained the peak of $X, and then shrank significantly in the following year.

Exports by Country

Romania (X kg) and Singapore (X kg) were the main destinations of areca nut exports from Italy.

From 2012 to 2020, the biggest increases were in Romania.

In value terms, Singapore ($X) and Romania ($X) were the largest markets for areca nut exported from Italy worldwide.

Among the main countries of destination, Singapore saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average areca nut export price stood at $X per tonne in 2020, dropping by -X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. As a result, export price attained the peak level of $X per tonne. from 2014 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2020, the country with the highest price was Singapore ($X per tonne), while the average price for exports to Romania totaled $X per tonne.

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

Areca Nut Imports

Imports into Italy

In 2020, overseas purchases of areca nuts decreased by -X% to X kg, falling for the third year in a row after three years of growth. Over the period under review, imports showed a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. As a result, imports attained the peak of X tonnes. from 2014 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, areca nut imports shrank remarkably to $X in 2020. In general, imports showed a deep contraction. The pace of growth was the most pronounced in 2013 when imports increased by X% year-to-year. As a result, imports reached the peak of $X. from 2014 to 2020, the growth imports remained at a lower figure.

Imports by Country

Romania (X tonnes), France (X tonnes) and Myanmar (X kg) were the main suppliers of areca nut imports to Italy. Moreover, areca nut imports in Romania exceeded the figures recorded by the second-largest supplier, France, twofold.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Myanmar, while imports for the other leaders experienced a decline.

In value terms, the largest areca nut suppliers to Italy were Romania ($X), France ($X) and Myanmar ($X). Moreover, areca nut imports in Romania exceeded the figures recorded by the second-largest supplier, France, twofold.

Among the main suppliers, Myanmar recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average areca nut import price stood at $X per tonne in 2020, reducing by -X% against the previous year. Over the period under review, the import price saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per tonne. from 2015 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Romania ($X per tonne), while the price for Myanmar ($X per tonne) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Romania, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform