South Africa: Areca Nut Market 2022

Areca Nut Market Size in South Africa

The South African areca nut market rose remarkably to $X in 2020, with an increase 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). Over the period under review, consumption continues to indicate resilient growth. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. from 2014 to 2020, the growth of the market failed to regain the momentum.

Areca Nut Exports

Exports from South Africa

In 2020, overseas shipments of areca nuts decreased by -X% to X kg, falling for the third consecutive year after three years of growth. Overall, exports continue to indicate a sharp shrinkage. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

In value terms, areca nut exports contracted rapidly to $X in 2020. In general, exports saw a sharp setback. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Exports peaked at $X in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Mozambique (X tonnes) was the main destination for areca nut exports from South Africa, accounting for a approx. X% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Mozambique was relatively modest.

From 2012 to 2020, the average annual rate of growth in terms of value to Mozambique was relatively modest.

Export Prices by Country

In 2020, the average areca nut export price amounted to $X per tonne, remaining stable against the previous year. Overall, the export price saw a prominent expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2018; however, from 2019 to 2020, export prices failed to regain the momentum.

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

From 2012 to 2020, the rate of growth in terms of prices for Mozambique amounted to X% per year.

Areca Nut Imports

Imports into South Africa

In 2020, supplies from abroad of areca nuts was finally on the rise to reach X tonnes after six years of decline. In general, total imports indicated a measured expansion from 2012 to 2020: its volume increased at an average annual rate of +X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2013 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X tonnes. from 2014 to 2020, the growth imports failed to regain the momentum.

In value terms, areca nut imports expanded remarkably to $X in 2020. Overall, imports showed a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. from 2014 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, Malaysia (X tonnes) constituted the largest areca nut supplier to South Africa, with a X% share of total imports. Moreover, areca nut imports from Malaysia exceeded the figures recorded by the second-largest supplier, India (X tonnes), twofold. The third position in this ranking was occupied by Pakistan (X tonnes), with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from Malaysia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Pakistan (+X% per year).

In value terms, Malaysia ($X), India ($X) and Pakistan ($X) were the largest areca nut suppliers to South Africa.

Among the main suppliers, China saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average areca nut import price stood at $X per tonne in 2020, reducing by -X% against the previous year. Over the last eight years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% year-to-year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2018; however, from 2019 to 2020, import prices failed to regain the momentum.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform