United Kingdom - Areca Nuts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingUK Sees 20% Drop in Areca Nut Imports, Falling to $2.3M in 2023
United Kingdom Areca Nut Imports
In 2023, imports of areca nuts into the UK declined to 690 tons, shrinking by -7.3% compared with the previous year's figure. Over the period under review, imports, however, recorded a resilient expansion. The growth pace was the most rapid in 2022 with an increase of 304%. As a result, imports attained the peak of 744 tons, and then contracted in the following year.
In value terms, areca nut imports dropped notably to $2.3M (IndexBox estimates) in 2023. Overall, imports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2022 when imports increased by 252% against the previous year. As a result, imports reached the peak of $2.9M, and then reduced markedly in the following year.
| COUNTRY | Import Value of Areca Nut in United Kingdom (thousand USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Thailand | 590 | 637 | 878 | 925 | 61.9 | 470 | 138 | 273 | 173 | 1,831 | 1,181 |
| India | 198 | 261 | 365 | 313 | 232 | 313 | 262 | 319 | 525 | 941 | 634 |
| Myanmar | N/A | 16.6 | 95.1 | 64.3 | N/A | 297 | 204 | 282 | 36.1 | 61.4 | 261 |
| Bangladesh | 2.8 | N/A | N/A | 3.5 | 2.7 | 10.0 | 1.6 | N/A | 5.2 | 24.3 | 105 |
| Nigeria | N/A | N/A | N/A | 2.8 | 3.1 | 4.8 | 5.9 | 23.8 | 27.1 | 16.1 | 62.6 |
| Indonesia | N/A | N/A | 2.3 | 8.1 | 28.4 | 4.8 | 15.0 | N/A | N/A | N/A | 54.9 |
| Pakistan | 55.1 | 74.0 | 9.1 | 29.4 | 46.5 | 4.4 | N/A | N/A | 22.3 | 3.5 | 0.2 |
| Others | 42.4 | 43.5 | 1.3 | 8.4 | 2.9 | 1.9 | N/A | 4.2 | 38.6 | 33.5 | 15.9 |
| Total | 889 | 1,033 | 1,351 | 1,354 | 377 | 1,107 | 627 | 902 | 827 | 2,910 | 2,315 |
Imports by Country
In 2023, Thailand (402 tons) constituted the largest areca nut supplier to the UK, accounting for a 58% share of total imports. Moreover, areca nut imports from Thailand exceeded the figures recorded by the second-largest supplier, Myanmar (85 tons), fivefold. The third position in this ranking was taken by India (78 tons), with an 11% share.
From 2013 to 2023, the average annual rate of growth in terms of volume from Thailand totaled +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (+28.2% per year) and India (+8.3% per year).
In value terms, Thailand ($1.2M), India ($634K) and Myanmar ($261K) constituted the largest areca nut suppliers to the UK, together accounting for 90% of total imports. Bangladesh, Nigeria, Indonesia and Pakistan lagged somewhat behind, together comprising a further 9.6%.
In terms of the main suppliers, Nigeria, with a CAGR of +55.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2023, the areca nut price amounted to $3,355 per ton (CIF, United Kingdom), shrinking by -14.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2021 an increase of 25%. As a result, import price attained the peak level of $4,496 per ton. From 2022 to 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was India ($8,091 per ton), while the price for Nigeria ($961 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Nigeria (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the areca nut market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Area Harvested, 2012–2024
- Yield, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
