
Romania - Areca Nuts - Market Analysis, Forecast, Size, Trends and Insights
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Romania: Areca Nut Market Overview 2021
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Areca Nut Market Size in Romania
The Romanian areca nut market shrank significantly to $X in 2019, waning by -X% against the previous year. Overall, consumption continues to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2019, consumption stood at a somewhat lower figure.
Areca Nut Production in Romania
In value terms, areca nut production fell to $X in 2019 estimated in export prices. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, production reached the maximum level at $X in 2018, and then dropped in the following year.
The average yield of areca nuts in Romania totaled X kg per ha in 2019, leveling off at 2018 figures. In general, the yield showed 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 2019, approx. X ha of areca nuts were harvested in Romania; approximately equating the year before. Over the period under review, the harvested area saw a relatively flat trend pattern.
Areca Nut Exports
Exports from Romania
In 2019, approx. X tonnes of areca nuts were exported from Romania; increasing by X% compared with 2018. Over the period under review, exports showed prominent growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.
In value terms, areca nut exports soared to $X in 2019. In general, exports posted a prominent increase. Exports peaked at $X in 2013; however, from 2014 to 2019, exports failed to regain the momentum.
Exports by Country
Italy (X tonnes) was the main destination for areca nut exports from Romania, with a approx. X% share of total exports.
From 2012 to 2019, the average annual growth rate of volume to Italy totaled +X%.
In value terms, Italy ($X) also remains the key foreign market for areca nut exports from Romania.
From 2012 to 2019, the average annual rate of growth in terms of value to Italy amounted to +X%.
Export Prices by Country
The average areca nut export price stood at $X per tonne in 2019, dropping by -X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, export price attained the peak level of $X per tonne, and then contracted in the following year.
As there is only one major export destination, the average price level is determined by prices for Italy.
From 2012 to 2019, the rate of growth in terms of prices for Italy amounted to +X% per year.
Areca Nut Imports
Imports into Romania
In 2019, overseas purchases of areca nuts increased by X% to X tonnes, rising for the fifth consecutive year after two years of decline. In general, imports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at X tonnes in 2012; however, from 2013 to 2019, imports remained at a lower figure.
In value terms, areca nut imports contracted remarkably to $X in 2019. Overall, imports, however, faced a significant decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Imports peaked at $X in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.
Imports by Country
In 2019, Italy (X tonnes) was the main supplier of areca nut to Romania, with a approx. X% share of total imports.
From 2012 to 2019, the average annual rate of growth in terms of volume from Italy was relatively modest.
In value terms, Italy ($X) constituted the largest supplier of areca nut to Romania.
From 2012 to 2019, the average annual growth rate of value from Italy was relatively modest.
Import Prices by Country
In 2019, the average areca nut import price amounted to $X per tonne, shrinking by -X% against the previous year. Overall, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per tonne in 2016; however, from 2017 to 2019, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Italy.
From 2012 to 2019, the rate of growth in terms of prices for Italy 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) constituted the country with the largest volume of areca nut consumption, accounting for 58% of total volume. Moreover, areca nut consumption in India exceeded the figures recorded by the second-largest consumer, Bangladesh (322K tonnes), threefold. The third position in this ranking was occupied by Taiwan (Chinese) (104K tonnes), with a 6.6% share.
What are the largest producers of areca nuts in the world?+
The country with the largest volume of areca nut production was India (901K tonnes), accounting for 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 Romania?+
In value terms, Italy ($9.6K) constituted the largest supplier of areca nut to Romania.
What are the leading importers of areca nuts from Romania?+
In value terms, Italy ($146K) remains the key foreign market for areca nut exports from Romania.
What is the average export price for areca nuts in Romania?+
In 2019, the average areca nut export price amounted to $3,079 per tonne, waning by -7.1% against the previous year.
What is the average import price for areca nuts in Romania?+
In 2019, the average areca nut import price amounted to $3,053 per tonne, declining by -42.5% against the previous year.
This report provides an in-depth analysis of the areca nut market in Romania. 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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