Japan: Areca Nut Market 2022

Areca Nut Market Size in Japan

In 2020, the Japanese areca nut market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2020, consumption stood at a somewhat lower figure.

Areca Nut Exports

Exports from Japan

In 2020, shipments abroad of areca nuts decreased by X% to X kg, falling for the second consecutive year after seven years of growth. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2018 when exports increased by X% y-o-y. As a result, exports reached the peak of X kg. from 2019 to 2020, the growth exports failed to regain the momentum.

In value terms, areca nut exports stood at $X in 2020. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. from 2019 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Bahamas (X kg) was the main destination for areca nut exports from Japan, accounting for a approx. X% share of total exports.

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

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

Export Prices by Country

The average areca nut export price stood at $X per tonne in 2018, declining by -X% against the previous year. In general, the export price saw a abrupt slump. Over the period under review, average export prices hit record highs at $X per tonne in 2017, and then dropped significantly in the following year.

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

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

Areca Nut Imports

Imports into Japan

In 2020, purchases abroad of areca nuts increased by X% to X tonnes, rising for the second year in a row after two years of decline. Overall, imports, however, showed a mild downturn. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. Imports peaked at X tonnes in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

In value terms, areca nut imports expanded significantly to $X in 2020. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, China (X tonnes) was the main areca nut supplier to Japan, with a approx. X% share of total imports.

From 2012 to 2020, the average annual rate of growth in terms of volume from China stood at -X%.

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

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

Import Prices by Country

The average areca nut import price stood at $X per tonne in 2020, which is down by -X% against the previous year. Overall, import price indicated a modest increase from 2012 to 2020: its price increased at an average annual rate of +X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, areca nut import price decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% y-o-y. As a result, import price reached the peak level of $X per tonne. from 2015 to 2020, the growth in terms of the average import prices failed to regain the momentum.

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

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

Source: IndexBox Platform