South-Eastern Asia: Areca Nut Market 2024

Areca Nut Market Size in South-Eastern Asia

After two years of decline, the Southeast Asian areca nut market increased by X% to $X in 2022. Overall, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Areca Nut Production in South-Eastern Asia

In value terms, areca nut production fell to $X in 2022 estimated in export price. Over the period under review, production recorded buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Indonesia (X tons), Myanmar (X tons) and Thailand (X tons), with a combined X% share of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Myanmar (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average areca nut yield in South-Eastern Asia totaled X tons per ha, growing by X% compared with 2021. In general, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of yield peaked at X tons per ha in 2012; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of areca nuts production in South-Eastern Asia stood at X ha, flattening at 2021 figures. Over the period under review, the harvested area recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to areca nut production reached the peak figure at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

Areca Nut Exports

Exports in South-Eastern Asia

In 2022, approx. X tons of areca nuts were exported in South-Eastern Asia; which is down by X% against 2021 figures. Total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then fell dramatically in the following year.

In value terms, areca nut exports dropped remarkably to $X in 2022. Overall, exports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The level of export peaked at $X in 2021, and then declined rapidly in the following year.

Exports by Country

Indonesia was the largest exporting country with an export of about X tons, which reached X% of total exports. It was distantly followed by Thailand (X tons) and Myanmar (X tons), together mixing up a X% share of total exports. The following exporters - Malaysia (X tons), Singapore (X tons) and Vietnam (X tons) - together made up X% of total exports.

Exports from Indonesia increased at an average annual rate of X% from 2012 to 2022. At the same time, Myanmar (X%), Vietnam (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) and Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Myanmar, Thailand, Malaysia and Vietnam increased by X, X, X and X percentage points, respectively.

In value terms, Indonesia ($X) remains the largest areca nut supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Myanmar ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Indonesia amounted to X%. In the other countries, the average annual rates were as follows: Myanmar (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, which is down by X% against the previous year. Export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The level of export peaked at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Myanmar ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Areca Nut Imports

Imports in South-Eastern Asia

In 2022, after three years of growth, there was significant decline in supplies from abroad of areca nuts, when their volume decreased by X% to X tons. Over the period under review, imports showed a slight shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2021, and then fell markedly in the following year.

In value terms, areca nut imports dropped significantly to $X in 2022. In general, imports, however, enjoyed a temperate increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then fell rapidly in the following year.

Imports by Country

Thailand was the key importing country with an import of about X tons, which finished at X% of total imports. Singapore (X tons) ranks second in terms of the total imports with a X% share, followed by Malaysia (X%).

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Thailand ($X), Singapore ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Among the main importing countries, Thailand, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, approximately mirroring the previous year. Import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, areca nut import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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