South Africa: Areca Nut Market Overview 2021

Areca Nut Market Size in South Africa

The South African areca nut market skyrocketed to $X in 2020, jumping by 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 saw a remarkable increase. The growth pace was the most rapid in 2013 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2020, consumption stood at a somewhat lower figure.

Areca Nut Exports

Exports from South Africa

In 2020, after two years of decline, there was significant growth in shipments abroad of areca nuts, when their volume increased by X% to X tonnes. In general, exports, however, continue to indicate a abrupt slump. Over the period under review, exports reached the maximum at X tonnes in 2012; however, from 2013 to 2020, exports remained at a lower figure.

In value terms, areca nut exports skyrocketed to $X in 2020. Over the period under review, exports, however, recorded a precipitous curtailment. Over the period under review, exports hit record highs at $X in 2012; however, from 2013 to 2020, exports remained at a lower figure.

Exports by Country

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

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

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

Export Prices by Country

In 2020, the average areca nut export price amounted to $X per tonne, declining by -X% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2014 an increase of X% year-to-year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2015; however, from 2016 to 2020, export prices remained at a lower figure.

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 increased by X% to X tonnes for the first time since 2013, thus ending a six-year declining trend. Over the period under review, total imports indicated prominent growth 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. The most prominent rate of growth was recorded in 2013 when imports increased by X% y-o-y. As a result, imports attained the peak of X tonnes. from 2014 to 2020, the growth imports failed to regain the momentum.

In value terms, areca nut imports soared to $X in 2020. In general, imports showed prominent growth. The most prominent rate of growth was recorded 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 totaled +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, together accounting for X% of total imports. China and Indonesia lagged somewhat behind, together comprising a further X terms of the main suppliers, China recorded 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

In 2020, the average areca nut import price amounted to $X per tonne, rising by X% against the previous year. Over the last eight-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2015 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2018; however, from 2019 to 2020, import prices stood at a somewhat lower figure.

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

Frequently Asked Questions (FAQ) :

What are the largest markets for areca nuts in the world?

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India (972K tonnes) remains the largest areca nut consuming country worldwide, accounting for 57% of total volume. Moreover, areca nut consumption in India exceeded the figures recorded by the second-largest consumer, Bangladesh (353K tonnes), threefold. China (106K tonnes) ranked third in terms of total consumption with a 6.2% share.

What are the largest producers of areca nuts in the world?

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The country with the largest volume of areca nut production was India (949K tonnes), accounting for 48% of total volume. Moreover, areca nut production in India exceeded the figures recorded by the second-largest producer, Bangladesh (348K tonnes), threefold. The third position in this ranking was occupied by Indonesia (205K tonnes), with a 10% share.

What are the leading suppliers of areca nuts to South Africa?

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In value terms, Malaysia ($427K), India ($242K) and Pakistan ($39K) were the largest areca nut suppliers to South Africa, together comprising 94% of total imports. These countries were followed by China and Indonesia, which together accounted for a further 5.8%.

What is the average export price for areca nuts in South Africa?

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In 2020, the average areca nut export price amounted to $1,056 per tonne, declining by -86.6% against the previous year.

What is the average import price for areca nuts in South Africa?

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In 2020, the average areca nut import price amounted to $5,893 per tonne, surging by 9.7% against the previous year.

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