Turkey: Areca Nut Market 2022

Areca Nut Market Size in Turkey

In 2020, the Turkish areca nut market increased by X% to $X, rising for the fourth consecutive year after two years of decline. In general, consumption enjoyed a significant expansion. The pace of growth appeared the most rapid in 2017 when the market value increased by X% year-to-year. Over the period under review, the market reached the maximum level in 2020 and is expected to retain growth in the immediate term.

Areca Nut Production in Turkey

In value terms, areca nut production rose notably to $X in 2020 estimated in export prices. In general, the total production indicated a resilient increase from 2012 to 2020: its value 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, production increased by +X% against 2012 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, production attained the peak level in 2020 and is likely to see gradual growth in years to come.

The average yield of areca nuts in Turkey was estimated at X kg per ha in 2020, flattening at the previous year. In general, the yield saw 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.

In 2020, the total area harvested in terms of areca nuts production in Turkey was estimated at X ha, approximately mirroring the previous year. Over the period under review, the harvested area showed a relatively flat trend pattern.

Areca Nut Exports

Exports from Turkey

In 2020, shipments abroad of areca nuts increased by X% to X kg, rising for the sixth consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a pronounced downturn. Exports peaked at X kg in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

In value terms, areca nut exports soared to $X in 2020. In general, exports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. Exports peaked in 2020 and are expected to retain growth in the immediate term.

Exports by Country

Singapore (X kg) was the main destination for areca nut exports from Turkey, accounting for a X% share of total exports. Moreover, areca nut exports to Singapore exceeded the volume sent to the second major destination, Germany (X kg), more than tenfold.

From 2012 to 2020, the average annual rate of growth in terms of volume to Singapore amounted to +X%.

In value terms, Singapore ($X) remains the key foreign market for areca nut exports from Turkey, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports.

From 2012 to 2020, the average annual growth rate of value to Singapore totaled +X%.

Export Prices by Country

In 2020, the average areca nut export price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, the export price enjoyed a significant increase. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The export price peaked in 2020 and is likely to see gradual growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2020, the country with the highest price was Singapore ($X per tonne), while the average price for exports to Germany amounted to $X per tonne.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Singapore.

Areca Nut Imports

Imports into Turkey

In 2020, overseas purchases of areca nuts increased by X% to X tonnes, rising for the fourth consecutive year after four years of decline. In general, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, areca nut imports soared to $X in 2020. Over the period under review, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, the Netherlands (X tonnes) was the main areca nut supplier to Turkey, with a approx. X% share of total imports.

From 2012 to 2020, the average annual growth rate of volume from the Netherlands stood at +X%.

In value terms, the Netherlands ($X) constituted the largest supplier of areca nut to Turkey.

From 2012 to 2020, the average annual rate of growth in terms of value from the Netherlands totaled +X%.

Import Prices by Country

In 2020, the average areca nut import price amounted to $X per tonne, flattening at the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The import price peaked at $X per tonne in 2017; afterwards, it flattened through to 2020.

As there is only one major supplying country, the average price level is determined by prices for the Netherlands.

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

Source: IndexBox Platform