
Peru - Areca Nuts - Market Analysis, Forecast, Size, Trends and Insights
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Peru: Areca Nut Market 2022
Areca Nut Market Size in Peru
In 2020, after two years of growth, there was decline in the Peruvian areca nut market, when its value decreased by -X% to $X. In general, consumption continues to indicate a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Areca nut consumption peaked at $X in 2019, and then fell modestly in the following year.
Areca Nut Production in Peru
In value terms, areca nut production soared to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2012 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Areca nut production peaked at $X in 2018; however, from 2019 to 2020, production failed to regain the momentum.
In 2020, the average areca nut yield in Peru totaled X kg per ha, approximately reflecting the previous year's figure. Over the period under review, the yield saw 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 Peru totaled X ha, approximately reflecting the previous year's figure. In general, the harvested area recorded a relatively flat trend pattern.
Areca Nut Exports
Exports from Peru
In 2020, approx. X kg of areca nuts were exported from Peru; approximately reflecting the year before. Overall, exports showed a significant contraction. Exports peaked at X tonnes in 2017; however, from 2018 to 2020, exports stood at a somewhat lower figure.
In value terms, areca nut exports totaled $X in 2020. Over the period under review, exports showed a significant contraction. Over the period under review, exports reached the peak figure at $X in 2017; however, from 2018 to 2020, exports stood at a somewhat lower figure.
Exports by Country
India (X kg) was the main destination for areca nut exports from Peru, accounting for a X% share of total exports. Moreover, areca nut exports to India exceeded the volume sent to the second major destination, Thailand (X kg), more than tenfold. Hong Kong SAR (X kg) ranked third in terms of total exports with a X% share.
From 2012 to 2018, the average annual growth rate of volume to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Hong Kong SAR (X% per year).
In value terms, India ($X) emerged as the key foreign market for areca nut exports from Peru, comprising X% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.
From 2012 to 2018, the average annual growth rate of value to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Thailand (X% per year).
Export Prices by Country
The average areca nut export price stood at $X per tonne in 2018, growing by X% against the previous year. Over the period under review, the export price saw a significant increase. As a result, export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination; the country with the highest price was Hong Kong SAR ($X per tonne), while the average price for exports to India ($X per tonne) was amongst the lowest.
From 2012 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+X% per year), while the prices for the other major destinations experienced more modest paces of growth.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2021 | 2007-2021 | 2022-2030 | US$, Tonnes |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the areca nut market in Peru. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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