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Philippines - Areca Nuts - Market Analysis, Forecast, Size, Trends and Insights
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Philippines: Areca Nut Market Overview 2021

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Areca Nut Market Size in the Philippines

The Philippine areca nut market dropped notably to $X in 2019, with a decrease of -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a significant increase. The growth pace was the most rapid in 2018 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X, and then dropped notably in the following year.

Areca Nut Exports

Exports from the Philippines

Areca nut exports from the Philippines fell remarkably to X kg in 2019, dropping by -X% on the year before. Over the period under review, exports faced a precipitous descent. Over the period under review, exports hit record highs at X kg in 2017; however, from 2018 to 2019, exports remained at a lower figure.

In value terms, areca nut exports reduced sharply to $X in 2019. In general, exports showed a sharp slump. Over the period under review, exports reached the peak figure at $X in 2017; however, from 2018 to 2019, exports remained at a lower figure.

Exports by Country

Palau (X kg) was the main destination for areca nut exports from the Philippines, with a approx. X% share of total exports.

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

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

Export Prices by Country

In 2018, the average areca nut export price amounted to $X per tonne, falling by -X% against the previous year. Overall, the export price continues to indicate a deep contraction. Over the period under review, average export prices hit record highs at $X per tonne in 2017, and then contracted in the following year.

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

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

Areca Nut Imports

Imports into the Philippines

Areca nut imports into the Philippines reduced notably to X kg in 2019, falling by -X% against 2018 figures. Over the period under review, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. As a result, imports attained the peak of X kg, and then contracted markedly in the following year.

In value terms, areca nut imports reduced markedly to $X in 2019. Overall, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2018, and then dropped remarkably in the following year.

Imports by Country

In 2019, Indonesia (X kg) was the main supplier of areca nut to the Philippines, with a approx. X% share of total imports.

From 2012 to 2019, the average annual growth rate of volume from Indonesia totaled -X%.

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

From 2012 to 2019, the average annual growth rate of value from Indonesia stood at -X%.

Import Prices by Country

In 2019, the average areca nut import price amounted to $X per tonne, with an increase of X% against the previous year. In general, the import price enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2015 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2017; afterwards, it flattened through to 2019.

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

From 2012 to 2019, the rate of growth in terms of prices for Indonesia amounted to -X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for areca nuts in the world?
+
India (912K tonnes) remains the largest areca nut consuming country worldwide, comprising approx. 58% of total volume. Moreover, areca nut consumption in India exceeded the figures recorded by the second-largest consumer, Bangladesh (322K tonnes), threefold. Taiwan (Chinese) (104K tonnes) ranked third in terms of total consumption with a 6.6% share.
What are the largest producers of areca nuts in the world?
+
India (901K tonnes) remains the largest areca nut producing country worldwide, comprising approx. 49% of total volume. Moreover, areca nut production in India exceeded the figures recorded by the second-largest producer, Bangladesh (317K tonnes), threefold. The third position in this ranking was occupied by Indonesia (253K tonnes), with a 14% share.
What are the leading suppliers of areca nuts to the Philippines?
+
In value terms, Indonesia ($818) constituted the largest supplier of areca nut to the Philippines.
What is the average export price for areca nuts in the Philippines?
+
The average areca nut export price stood at $7,188 per tonne in 2018, dropping by -8.4% against the previous year.
What is the average import price for areca nuts in the Philippines?
+
In 2019, the average areca nut import price amounted to $6,858 per tonne, surging by 2.2% against the previous year.

Product coverage:
• FCL 226 - Areca nuts

This report provides an in-depth analysis of the areca nut market in the Philippines. 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.


Country coverage:
• Philippines

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the Philippines
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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