Report Update Nov 1, 2024

Saudi Arabia - Areca Nuts - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Areca Nut Market 2024

Areca Nut Market Size in Saudi Arabia

The Saudi areca nut market skyrocketed to $X in 2022, growing by 138% against the previous year. In general, consumption enjoyed prominent growth. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Areca Nut Production in Saudi Arabia

In value terms, areca nut production shrank to $X in 2022 estimated in export price. Overall, production saw prominent growth. The pace of growth was the most pronounced in 2018 with an increase of 37%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

The average yield of areca nuts in Saudi Arabia totaled less than X kg per ha in 2022, remaining stable against 2021. Overall, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of areca nuts were harvested in Saudi Arabia; remaining constant against 2021 figures. Over the period under review, the harvested area recorded a relatively flat trend pattern.

Areca Nut Exports

Exports from Saudi Arabia

Areca nut exports from Saudi Arabia totaled X kg in 2022, flattening at 2021. Over the period under review, exports continue to indicate a prominent expansion. The smallest decline of -61.4% was in 2017. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, areca nut exports totaled $X in 2022. In general, exports posted significant growth. The smallest decline of -54.2% was in 2017. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Singapore (X kg) was the main destination for areca nut exports from Saudi Arabia, with a approx. 99% share of total exports.

From 2014 to 2020, the average annual rate of growth in terms of volume to Singapore was relatively modest.

From 2014 to 2020, the average annual growth rate of value to Singapore was relatively modest.

Export Prices by Country

In 2020, the average areca nut export price amounted to $X per ton, remaining constant against the previous year. Overall, the export price showed prominent growth. The pace of growth appeared the most rapid in 2017 an increase of 19%. The export price peaked in 2020 and is expected to retain growth in the immediate term.

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

From 2014 to 2020, the rate of growth in terms of prices for Rwanda amounted to +16.3% per year.

Areca Nut Imports

Imports into Saudi Arabia

Areca nut imports into Saudi Arabia soared to X tons in 2022, rising by 366% against 2021. In general, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, areca nut imports soared to $X in 2022. Overall, imports posted a strong expansion. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Thailand (X tons) and the United States (X tons) were the main suppliers of areca nut imports to Saudi Arabia.

From 2018 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of -10.0%).

In value terms, the United States ($X) constituted the largest supplier of areca nuts to Saudi Arabia, comprising 85% of total imports. The second position in the ranking was taken by Thailand ($X), with a 15% share of total imports.

From 2018 to 2021, the average annual growth rate of value from the United States totaled -18.7%.

Import Prices by Country

In 2022, the average areca nut import price amounted to $X per ton, which is down by -48.8% against the previous year. Over the period under review, the import price showed a sharp reduction. The growth pace was the most rapid in 2021 an increase of 10% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

From 2018 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for areca nuts in the world?

India constituted the country with the largest volume of areca nut consumption, accounting for 54% of total volume. Moreover, areca nut consumption in India exceeded the figures recorded by the second-largest consumer, Bangladesh, threefold. The third position in this ranking was occupied by Myanmar, with a 7.8% share.

What are the largest producers of areca nuts in the world?

The country with the largest volume of areca nut production was India, accounting for 45% of total volume. Moreover, areca nut production in India exceeded the figures recorded by the second-largest producer, Bangladesh, threefold. The third position in this ranking was occupied by Indonesia, with a 10% share.

What are the leading suppliers of areca nuts to Saudi Arabia?

In value terms, Thailand constituted the largest supplier of areca nut to Saudi Arabia, comprising 170% of total imports. The second position in the ranking was occupied by Indonesia, with a 9.1% share of total imports.

What is the average export price for areca nuts in Saudi Arabia?

In 2020, the average areca nut export price amounted to $532 per ton, waning by -11.4% against the previous year.

What is the average import price for areca nuts in Saudi Arabia?

In 2020, the average areca nut import price amounted to $5,353 per ton, reducing by -13.2% against the previous year.

This report provides an in-depth analysis of the areca nut market in Saudi Arabia. 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:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023