Sweden: Areca Nut Market 2022

Areca Nut Market Size in Sweden

In 2020, after three years of growth, there was significant decline in the Swedish areca nut market, when its value decreased by -X% to $X. Overall, consumption showed a dramatic descent. The most prominent rate of growth was recorded in 2015 when the market value increased by X% y-o-y. As a result, consumption attained the peak level of $X. from 2016 to 2020, the growth of the market remained at a lower figure.

Areca Nut Exports

Exports from Sweden

In 2020, approx. X kg of areca nuts were exported from Sweden; leveling off at the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern. Exports peaked at X kg in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

In value terms, areca nut exports totaled $X in 2020. In general, exports showed a relatively flat trend pattern. Over the period under review, exports reached the maximum at $X in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Finland (X kg) was the main destination for areca nut exports from Sweden, with a approx. X% share of total exports.

From 2012 to 2015, the average annual rate of growth in terms of volume to Finland was relatively modest.

From 2012 to 2015, the average annual growth rate of value to Finland was relatively modest.

Export Prices by Country

In 2015, the average areca nut export price amounted to $X per tonne, remaining constant against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The export price peaked in 2015 and is expected to retain growth in years to come.

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

From 2012 to 2015, the rate of growth in terms of prices for Finland amounted to X% per year.

Areca Nut Imports

Imports into Sweden

In 2020, purchases abroad of areca nuts decreased by -X% to X kg for the first time since 2017, thus ending a two-year rising trend. Over the period under review, imports continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of X tonnes. from 2016 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, areca nut imports fell dramatically to $X in 2020. Overall, imports faced a significant decline. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at $X in 2019, and then dropped notably in the following year.

Imports by Country

In 2020, the Netherlands (X kg) was the main supplier of areca nut to Sweden, accounting for a X% share of total imports. Moreover, areca nut imports from the Netherlands exceeded the figures recorded by the second-largest supplier, the UK (X kg), fivefold.

From 2012 to 2020, the average annual rate of growth in terms of volume from the Netherlands totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and Thailand (+X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of areca nut to Sweden, comprising X% of total imports. The second position in the ranking was occupied by the UK ($X), with a X% share of total imports.

From 2012 to 2020, the average annual rate of growth in terms of value from the Netherlands totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and Thailand (+X% per year).

Import Prices by Country

The average areca nut import price stood at $X per tonne in 2020, waning by -X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% y-o-y. As a result, import price reached the peak level of $X per tonne. from 2019 to 2020, the growth in terms of the average import prices failed to regain the momentum.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform