China - Areca Nuts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAreca Nut Price in China - 2023
Contents:
- Areca Nut Price in China (CIF) - 2022
- Areca Nut Price in China (FOB) - 2022
- Areca Nut Imports in China
- Areca Nut Exports in China
Areca Nut Price in China (CIF) - 2022
The average areca nut import price stood at $1,382 per ton in 2022, rising by 4.9% against the previous year. Overall, the import price, however, continues to indicate a mild decline. The most prominent rate of growth was recorded in 2013 an increase of 35%. The import price peaked at $2,344 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($2,308 per ton), while the price for Indonesia ($1,249 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+8.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Areca Nut Price in China (FOB) - 2022
The average areca nut export price stood at $55,837 per ton in 2022, growing by 29% against the previous year. Overall, the export price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 1,466% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($61,160 per ton), while the average price for exports to Taiwan (Chinese) ($2,559 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+52.4%), while the prices for the other major destinations experienced more modest paces of growth.
Areca Nut Imports in China
In 2022, areca nut imports into China soared to 26K tons, with an increase of 129% against 2021. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 422%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, areca nut imports skyrocketed to $36M in 2022. Over the period under review, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 337%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
Import of Areca Nut in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Myanmar | 0.8 | N/A | 1.1 | 17.9 | 181.8% |
Indonesia | 0.1 | 4.0 | 13.2 | 17.7 | 461.5% |
Others | 0.1 | 0.4 | 0.7 | 0.7 | 91.3% |
Total | 1.0 | 4.4 | 15.0 | 36.2 | 230.8% |
Top Suppliers of Areca Nut to China in 2022:
- Indonesia (14.1K tons)
- Myanmar (11.8K tons)
Areca Nut Exports in China
In 2022, the amount of areca nuts exported from China soared to 207 tons, jumping by 78% compared with the previous year's figure. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 486%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, areca nut exports skyrocketed to $12M in 2022. Overall, exports showed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 2,131% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.
Export of Areca Nut in China (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Cambodia | N/A | 7.7 | 4,965 | 9,683 | 3446.2% |
Philippines | N/A | N/A | N/A | 1,745 | 0% |
Japan | 23.7 | 26.0 | 16.4 | 59.8 | 36.1% |
Hong Kong SAR | 15.9 | 44.6 | 28.9 | 30.2 | 23.8% |
Taiwan (Chinese) | 19.6 | 9.2 | 10.7 | 9.6 | -21.2% |
Singapore | 1.2 | 88.8 | 0.9 | 2.2 | 22.4% |
Others | 3.4 | 49.5 | 15.3 | 40.9 | 129.1% |
Total | 63.8 | 226 | 5,037 | 11,570 | 466.0% |
Top Export Markets for Areca Nut from China in 2022:
- Cambodia (158.3 tons)
- Philippines (30.3 tons)
- Hong Kong SAR (7.2 tons)
- Taiwan (Chinese) (3.7 tons)
- Japan (3.6 tons)
- Singapore (0.4 tons)
This report provides an in-depth analysis of the areca nut market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In terms of value, imports of Areca Nut decreased to $162K in June 2023.
In March 2023, almond imports experienced significant growth, increasing by 192% compared to the previous month. This growth trend continued in November 2023, with the value of almond imports skyrocketing to $28M.
Discover the April 2023 almond price – up by 3% month-over-month to $3,250 per ton CIF China
In value terms, nuts imports surged to $39M in March 2023.
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