Global Areca Nut Market 2024

Areca Nut Market Size

The global areca nut market totaled $X in 2022, surging by X% against the previous year. In general, the total consumption indicated a buoyant expansion from 2012 to 2022: its value 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, consumption increased by X% against 2019 indices. Over the period under review, the global market hit record highs in 2022 and is expected to retain growth in the immediate term.

Areca Nut Production

In value terms, areca nut production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, global production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

India (X tons) remains the largest areca nut producing country worldwide, accounting for X% of total volume. Moreover, areca nut production in India exceeded the figures recorded by the second-largest producer, Bangladesh (X tons), threefold. The third position in this ranking was taken by Indonesia (X tons), with a X% share.

In India, areca nut production increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Indonesia (X% per year).

The global average areca nut yield stood at X tons per ha in 2022, approximately mirroring the year before. Overall, the yield, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2019 to 2022, the growth of the average areca nut yield remained at a somewhat lower figure. 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 worldwide reached X ha, approximately mirroring the year before. The harvested area increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the harvested area dedicated to areca nut production attained the maximum at X ha in 2020; afterwards, it flattened through to 2022.

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Areca Nut Exports

Exports

In 2022, global exports of areca nuts reduced sharply to X tons, falling by X% on 2021. Overall, total exports indicated pronounced growth 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. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then shrank notably in the following year.

In value terms, areca nut exports reduced notably to $X in 2022. Over the period under review, exports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The global exports peaked at $X in 2021, and then fell rapidly in the following year.

Exports by Country

Indonesia was the key exporting country with an export of around X tons, which resulted at X% of total exports. Thailand (X tons) ranks second in terms of the total exports with a X% share, followed by Myanmar (X%) and India (X%). Sri Lanka (X tons), Malaysia (X tons) and Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to areca nut exports from Indonesia stood at X%. At the same time, India (X%), Myanmar (X%), Thailand (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, 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, India, Malaysia and Thailand increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest areca nut supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Myanmar ($X), with an X% share of global 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 stood at 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

In 2022, the average areca nut export price amounted to $X per ton, declining by X% against the previous year. Overall, export price indicated a resilient 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. Based on 2022 figures, areca nut export price increased by X% against 2017 indices. The growth pace was the most rapid in 2014 an increase of X%. The global export price peaked at $X per ton in 2021, and then dropped modestly in the following year.

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

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

Areca Nut Imports

Imports

In 2022, purchases abroad of areca nuts increased by X% to X tons, rising for the third year in a row after five years of decline. Over the period under review, imports posted moderate growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, global imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, areca nut imports soared to $X in 2022. Overall, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, global imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, India (X tons) was the major importer of areca nuts, mixing up X% of total imports. It was distantly followed by China (X tons), Thailand (X tons), Bangladesh (X tons), Pakistan (X tons), Singapore (X tons) and Iran (X tons), together creating a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to areca nut imports into India stood at X%. At the same time, Thailand (X%) and China (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. By contrast, Iran (X%), Bangladesh (X%), Singapore (X%) and Pakistan (X%) illustrated a downward trend over the same period. India (X p.p.), China (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the global imports, while Iran, Bangladesh, Singapore and Pakistan saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively.

In value terms, India ($X) constitutes the largest market for imported areca nuts worldwide, comprising X% of global imports. The second position in the ranking was held by Iran ($X), with a X% share of global imports. It was followed by Bangladesh, with a X% share.

From 2012 to 2022, the average annual growth rate of value in India stood at X%. In the other countries, the average annual rates were as follows: Iran (X% per year) and Bangladesh (X% per year).

Import Prices by Country

The average areca nut import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price saw a tangible expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Iran ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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