Romania: Areca Nut Market 2022

Areca Nut Market Size in Romania

The Romanian areca nut market amounted to $X in 2020, almost unchanged from 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). Overall, consumption recorded a relatively flat trend pattern. Areca nut consumption peaked in 2020 and is expected to retain growth in the near future.

Areca Nut Exports

Exports from Romania

In 2020, areca nut exports from Romania declined dramatically to X kg, waning by -X% on the previous year. In general, exports saw a deep downturn. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. As a result, exports attained the peak of X tonnes. from 2016 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, areca nut exports reduced remarkably to $X in 2020. Overall, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. As a result, exports attained the peak of $X. from 2016 to 2020, the growth 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 2020, the average annual growth rate of volume to Italy stood at -X%.

In value terms, Italy ($X) also remains the key foreign market for areca nut exports from Romania.

From 2012 to 2020, the average annual growth rate of value to Italy totaled -X%.

Export Prices by Country

The average areca nut export price stood at $X per tonne in 2020, which is down by -X% against the previous year. In general, the export price, however, enjoyed slight growth. The pace of growth appeared the most rapid in 2017 an increase of X% y-o-y. Over the period under review, average export prices attained the maximum at $X per tonne in 2019, and then reduced dramatically 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 2020, the rate of growth in terms of prices for Italy amounted to +X% per year.

Areca Nut Imports

Imports into Romania

In 2020, overseas purchases of areca nuts decreased by -X% to X tonnes for the first time since 2016, thus ending a three-year rising trend. Overall, imports saw a noticeable descent. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

In value terms, areca nut imports reduced markedly to $X in 2020. Over the period under review, imports showed a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Bulgaria (X tonnes) constituted the largest areca nut supplier to Romania, accounting for a X% share of total imports. Moreover, areca nut imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Italy (X kg), threefold.

From 2012 to 2020, the average annual growth rate of volume from Bulgaria was relatively modest.

In value terms, the largest areca nut suppliers to Romania were Bulgaria ($X) and Italy ($X saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2020, the average areca nut import price amounted to $X per tonne, with a decrease of -X% against the previous year. Overall, the import price showed a drastic downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% year-to-year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2016; however, from 2017 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per tonne), while the price for Bulgaria stood at $X per tonne.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Bulgaria.

Source: IndexBox Platform