Malaysia: Areca Nut Market 2024

Areca Nut Market Size in Malaysia

In 2022, the Malaysian areca nut market increased by X% to $X, rising for the third year in a row after three years of decline. In general, consumption posted significant growth. Areca nut consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Areca Nut Production in Malaysia

In value terms, areca nut production amounted to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Areca nut production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

The average yield of areca nuts in Malaysia soared to X tons per ha in 2022, growing by X% against the year before. Overall, the yield recorded significant growth. As a result, the yield reached the peak level and is likely to continue growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The areca nut harvested area in Malaysia reduced to X ha in 2022, with a decrease of X% compared with 2021. Overall, the harvested area showed a deep reduction. The most prominent rate of growth was recorded in 2017 when the harvested area increased by X%. The areca nut harvested area peaked at X ha in 2014; however, from 2015 to 2022, the harvested area failed to regain momentum.

Areca Nut Exports

Exports from Malaysia

In 2022, after three years of decline, there was significant growth in overseas shipments of areca nuts, when their volume increased by X% to X tons. Over the period under review, exports, however, saw a pronounced decline. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, areca nut exports surged to $X in 2022. In general, exports saw slight growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Iran (X tons) was the main destination for areca nut exports from Malaysia, accounting for a X% share of total exports. Moreover, areca nut exports to Iran exceeded the volume sent to the second major destination, India (X tons), fourfold. The third position in this ranking was taken by Bangladesh (X tons), with a X% share.

From 2013 to 2022, the average annual growth rate of volume to Iran stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Bangladesh (X% per year).

In value terms, Iran ($X) emerged as the key foreign market for areca nuts exports from Malaysia, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by Bangladesh, with a X% share.

From 2013 to 2022, the average annual growth rate of value to Iran totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Bangladesh (X% per year).

Export Prices by Country

The average areca nut export price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price, however, saw a noticeable expansion. The growth pace was the most rapid in 2014 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then fell notably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Areca Nut Imports

Imports into Malaysia

In 2022, purchases abroad of areca nuts increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports continue to indicate measured growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, areca nut imports surged to $X in 2022. Overall, imports showed buoyant growth. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest supplier of areca nut to Malaysia, with a X% share of total imports. Moreover, areca nut imports from Indonesia exceeded the figures recorded by the second-largest supplier, Myanmar (X tons), threefold. The third position in this ranking was taken by India (X tons), with a X% share.

From 2013 to 2022, the average annual growth rate of volume from Indonesia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (X% per year) and India (X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of areca nuts to Malaysia, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Sri Lanka, with a X% share.

From 2013 to 2022, the average annual growth rate of value from Indonesia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Sri Lanka (X% per year).

Import Prices by Country

In 2022, the average areca nut import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then declined rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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