Kazakhstan: Areca Nut Market 2022

Areca Nut Market Size in Kazakhstan

In 2020, the Kazakh areca nut market decreased by -X% to $X, falling for the fifth consecutive year after two years of growth. Overall, consumption recorded a perceptible reduction. The pace of growth appeared the most rapid in 2015 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. from 2016 to 2020, the growth of the market failed to regain the momentum.

Areca Nut Imports

Imports into Kazakhstan

In 2020, supplies from abroad of areca nuts decreased by -X% to X kg, falling for the fifth consecutive year after two years of growth. In general, imports faced a deep contraction. The growth pace was the most rapid in 2015 when imports increased by X% year-to-year. As a result, imports attained the peak of X kg. from 2016 to 2020, the growth imports failed to regain the momentum.

In value terms, areca nut imports dropped sharply to $X in 2020. Overall, total imports indicated notable growth from 2012 to 2020: its value decreased 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, imports decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2016 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

In 2019, Afghanistan (X kg) was the main areca nut supplier to Kazakhstan, accounting for a X% share of total imports. Moreover, areca nut imports from Afghanistan exceeded the figures recorded by the second-largest supplier, Russia (X kg), eightfold.

From 2012 to 2019, the average annual rate of growth in terms of volume from Afghanistan was relatively modest.

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

From 2012 to 2019, the average annual rate of growth in terms of value from Afghanistan was relatively modest.

Import Prices by Country

In 2019, the average areca nut import price amounted to $X per tonne, picking up by X% against the previous year. Overall, the import price showed buoyant growth. The pace of growth was the most pronounced in 2016 an increase of X% y-o-y. Over the period under review, average import prices hit record highs in 2019 and is likely to see steady growth in years to come.

Prices varied noticeably by the country of origin; the country with the highest price was Russia ($X per tonne), while the price for Afghanistan amounted to $X per tonne.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Russia.

Source: IndexBox Platform