Bhutan: Areca Nut Market 2020

Areca Nut Market Size in Bhutan

The revenue of the areca nut market in Bhutan amounted to $X in 2018, declining by -X% against the previous year. In general, areca nut consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when the market value increased by X% y-o-y. Over the period under review, the areca nut market reached its peak figure level at $X in 2015; however, from 2016 to 2018, consumption failed to regain its momentum.

Areca Nut Production in Bhutan

In value terms, areca nut production totaled $X in 2018 estimated in export prices. In general, areca nut production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Over the period under review, areca nut production attained its maximum level at $X in 2015; however, from 2016 to 2018, production failed to regain its momentum.

Average yield of areca nuts in Bhutan totaled X ton per ha in 2018, remaining stable against the previous year. Over the period under review, the areca nut yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Over the period under review, the areca nut yield attained its maximum level at X ton per ha in 2007; however, from 2008 to 2018, yield failed to regain its momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of areca nuts were harvested in Bhutan; growing by X% against the previous year. In general, the total harvested area indicated pronounced growth from 2007 to 2018: its figure increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, areca nut harvested area decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2009 when harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to areca nut production attained its maximum at X ha in 2012; however, from 2013 to 2018, harvested area failed to regain its momentum.

Areca Nut Exports

Exports by Country

In 2018, Indonesia (X tons) were the largest exporters of areca nuts in the world, constituting X% of total export.

Indonesia was also the fastest-growing in terms of the areca nuts exports, with a CAGR of +X% from 2007 to 2018. From 2007 to 2018, the share of Indonesia increased by +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) also remains the largest areca nut supplier from Bhutan.

From 2007 to 2018, the average annual rate of growth in terms of value in Indonesia stood at +X%.

Export Prices by Country

In 2018, the areca nut export price in Bhutan amounted to $X per ton, standing approx. at the previous year. Overall, the areca nut export price continues to indicate a relatively flat trend pattern.

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

From 2007 to 2018, the rate of growth in terms of prices for Indonesia amounted to -X% per year.

Areca Nut Imports

Imports into Bhutan

In 2018, the amount of areca nuts imported into Bhutan totaled X tons, coming down by -X% against the previous year. Overall, areca nut imports continue to indicate a precipitous drop. The growth pace was the most rapid in 2011 when imports decreased by -X% y-o-y. Bhutan imports peaked at X tons in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, areca nut imports stood at $X in 2018. In general, areca nut imports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2014 with a decrease of -X% against the previous year. Over the period under review, areca nut imports reached their maximum at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

Pakistan represented the main importer of areca nuts in the world, with the volume of imports amounting to X tons, which was near X% of total imports in 2018. India (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by Singapore (X%). The following importers - Nepal (X tons) and Malaysia (X tons) - each reached a X% share of total imports.

Imports into Pakistan increased at an average annual rate of +X% from 2007 to 2018. At the same time, Malaysia (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, India (-X%), Nepal (-X%) and Singapore (-X%) illustrated a downward trend over the same period. While the share of Pakistan (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of India (-X p.p.), Nepal (-X p.p.) and Singapore (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Pakistan ($X) constitutes the largest market for imported areca nuts into Bhutan, comprising X% of global imports. The second position in the ranking was occupied by India ($X), with a X% share of global imports. It was followed by Singapore, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Pakistan amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: India (+X% per year) and Singapore (-X% per year).

Import Prices by Country

In 2018, the areca nut import price in Bhutan amounted to $X per ton, going up by X% against the previous year. Over the period under review, the areca nut import price continues to indicate a skyrocketing expansion. The growth pace was the most rapid in 2018 an increase of X% y-o-y. In that year, the import prices for areca nuts reached their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was India ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform