Report Update Apr 1, 2024

Sweden - Areca Nuts - Market Analysis, Forecast, Size, Trends and Insights

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Sweden: Areca Nut Market 2024

Areca Nut Market Size in Sweden

For the fourth year in a row, the Swedish areca nut market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption posted significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Areca Nut Production in Sweden

In value terms, areca nut production skyrocketed to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt shrinkage. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of areca nuts in Sweden amounted to less than X kg per ha, leveling off at the previous year's figure. Over the period under review, 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.

The areca nut harvested area in Sweden was estimated at less than X ha in 2022, leveling off at the previous year's figure. Overall, the harvested area showed a relatively flat trend pattern.

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Areca Nut Imports

Imports into Sweden

Areca nut imports into Sweden skyrocketed to X tons in 2022, picking up by X% on the previous year. Over the period under review, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, areca nut imports soared to $X in 2022. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Denmark (X tons) was the main areca nut supplier to Sweden, with a X% share of total imports. It was followed by Sri Lanka (X kg), with a X% share of total imports. The third position in this ranking was taken by Bangladesh (X kg), with a X% share.

From 2013 to 2022, the average annual growth rate of volume from Denmark was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (X% per year) and Bangladesh (X% per year).

In value terms, Denmark ($X) constituted the largest supplier of areca nuts to Sweden, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Bangladesh, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value from Denmark was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Bangladesh (X% per year).

Import Prices by Country

In 2022, the average areca nut import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price, however, showed a remarkable increase. The pace of growth was the most pronounced in 2014 a decrease of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for Sri Lanka ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The country with the largest volume of areca nut consumption was India, comprising approx. 50% of total volume. Moreover, areca nut consumption in India exceeded the figures recorded by the second-largest consumer, Bangladesh, threefold. Myanmar ranked third in terms of total consumption with a 7.5% share.

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

The country with the largest volume of areca nut production was India, comprising approx. 42% of total volume. Moreover, areca nut production in India exceeded the figures recorded by the second-largest producer, Bangladesh, threefold. Indonesia ranked third in terms of total production with a 14% share.

What are the leading suppliers of areca nuts to Sweden?

In value terms, Denmark constituted the largest supplier of areca nuts to Sweden, comprising 97% of total imports. The second position in the ranking was taken by India $380), with a 1.7% share of total imports. It was followed by Bangladesh, with a 0.6% share.

What is the average import price for areca nuts in Sweden?

The average areca nut import price stood at $7,769 per ton in 2022, declining by -46.4% against the previous year.

This report provides an in-depth analysis of the areca nut market in Sweden. 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 2030.

Product coverage:

FCL 226 - Areca nuts

Country coverage:

Sweden

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sweden
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023