Norway: Areca Nut Market 2022

Areca Nut Market Size in Norway

In 2020, the Norwegian areca nut market decreased by -X% to $X, falling for the sixth year in a row after three years of growth. Overall, consumption showed a significant decline. The pace of growth appeared the most rapid in 2013 when the market value increased by X% year-to-year. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2020, consumption remained at a lower figure.

Areca Nut Exports

Exports from Norway

In 2020, exports of areca nuts from Norway totaled X kg, remaining stable against the year before. In general, exports faced a precipitous descent. Exports peaked at X kg in 2012; however, from 2013 to 2020, exports remained at a lower figure.

In value terms, areca nut exports stood at $X in 2020. Overall, exports recorded a sharp decline. Over the period under review, exports attained the maximum at $X in 2012; however, from 2013 to 2020, exports remained at a lower figure.

Exports by Country

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

From 2012 to 2013, the average annual rate of growth in terms of volume to the UK was relatively modest.

From 2012 to 2013, the average annual growth rate of value to the UK was relatively modest.

Export Prices by Country

In 2013, the average areca nut export price amounted to $X per tonne, with a decrease of -X% against the previous year. Overall, the export price saw a abrupt decrease. Over the period under review, average export prices attained the maximum at $X per tonne in 2012, and then reduced in the following year.

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

From 2012 to 2013, the rate of growth in terms of prices for the UK amounted to X% per year.

Areca Nut Imports

Imports into Norway

In 2020, imports of areca nuts into Norway dropped notably to X kg, waning by -X% compared with 2019. Over the period under review, imports continue to indicate a precipitous setback. The pace of growth was the most pronounced in 2015 when imports increased by X% year-to-year. Imports peaked at X kg in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

In value terms, areca nut imports fell dramatically to $X in 2020. In general, imports saw a significant decline. The smallest decline of -X% was in 2013. Imports peaked at $X in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

Imports by Country

Brazil (X kg), the Netherlands (X kg) and Thailand (X kg) were the main suppliers of areca nut imports to Norway.

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

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

From 2012 to 2020, the average annual growth rate of value from the Netherlands stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-X% per year) and Thailand (X% per year).

Import Prices by Country

In 2020, the average areca nut import price amounted to $X per tonne, shrinking by -X% against the previous year. In general, the import price, however, posted a perceptible expansion. The pace of growth was the most pronounced in 2017 an increase of X% y-o-y. The import price peaked at $X per tonne in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

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

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

Source: IndexBox Platform