China: Areca Nut Market 2022

Areca Nut Market Size in China

The Chinese areca nut market expanded markedly to $X in 2021, with an increase of X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Areca Nut Production in China

In value terms, areca nut production totaled $X in 2021 estimated in export price. Over the period under review, the total production indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

In 2021, the average areca nut yield in China rose slightly to X tons per ha, surging by X% on the previous year. In general, the yield, however, recorded a relatively flat trend pattern. Over the period under review, the average areca nut yield attained the maximum level at X tons per ha in 2013; however, from 2014 to 2021, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of areca nuts production in China fell to X ha, declining by -X% compared with 2020 figures. In general, the harvested area continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2013 when the harvested area decreased by -X%. Over the period under review, the harvested area dedicated to areca nut production reached the maximum at X ha in 2012; however, from 2013 to 2021, the harvested area failed to regain momentum.

Areca Nut Exports

Exports from China

In 2021, areca nut exports from China surged to X tons, with an increase of X% compared with the year before. Overall, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, areca nut exports soared to $X in 2021. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Cambodia (X tons) was the main destination for areca nut exports from China, with a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Cambodia stood at +X%.

In value terms, Cambodia ($X) also remains the key foreign market for areca nut exports from China.

From 2012 to 2021, the average annual rate of growth in terms of value to Cambodia amounted to +X%.

Export Prices by Country

In 2021, the average areca nut export price amounted to $X per ton, waning by -X% against the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, areca nut export price decreased by -X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the the average export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Cambodia amounted to -X% per year.

Areca Nut Imports

Imports into China

In 2021, overseas purchases of areca nuts increased by X% to X tons, rising for the third consecutive year after three years of decline. Overall, imports continue to indicate 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 surged to $X in 2021. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Indonesia (X tons) was the main supplier of areca nut to China, with a X% share of total imports. Moreover, areca nut imports from Indonesia exceeded the figures recorded by the second-largest supplier, Myanmar (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Indonesia stood at +X%.

In value terms, Indonesia ($X) constituted the largest supplier of areca nut to China, comprising X% of total imports. The second position in the ranking was held by Myanmar ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Indonesia amounted to +X%.

Import Prices by Country

In 2021, the average areca nut import price amounted to $X per ton, which is down by -X% against the previous year. Overall, the import price continues to indicate a perceptible descent. The growth pace was the most rapid in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Myanmar ($X per ton), while the price for Indonesia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+X%).

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