Spain: Areca Nut Market 2025

Areca Nut Market Size in Spain

In 2022, the Spanish areca nut market increased by 815% to $X, rising for the fourth year in a row after two years of decline. In general, consumption recorded a significant expansion. Areca nut consumption peaked in 2022 and is expected to retain growth in the near future.

Areca Nut Production in Spain

In value terms, areca nut production soared to $X in 2022 estimated in export price. In general, production, however, continues to indicate a pronounced contraction. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

In 2022, the average areca nut yield in Spain amounted to less than X kg per ha, remaining relatively unchanged against the previous year. Over the period under review, 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, the areca nut harvested area in Spain totaled less than X ha, approximately equating the year before. Overall, the harvested area showed a relatively flat trend pattern.

Areca Nut Exports

Exports from Spain

In 2022, the amount of areca nuts exported from Spain soared to X tons, jumping by 7,563% compared with the previous year's figure. In general, exports recorded a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, areca nut exports skyrocketed to $X in 2022. Overall, 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

Morocco (X kg) was the main destination for areca nut exports from Spain, with a 65% share of total exports. Moreover, areca nut exports to Morocco exceeded the volume sent to the second major destination, the United States (X kg), twofold.

From 2012 to 2022, the average annual growth rate of volume to Morocco was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and France (-14.0% per year).

In value terms, the largest markets for areca nut exported from Spain were the United States ($X), Morocco ($X) and France ($X).

The United States, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average areca nut export price amounted to $X per ton, growing by 19% against the previous year. Over the period under review, the export price recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 an increase of 24% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to France ($X 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 Belgium (+7.3%), while the prices for the other major destinations experienced a decline.

Areca Nut Imports

Imports into Spain

In 2022, approx. X tons of areca nuts were imported into Spain; increasing by 118,167% compared with the year before. In general, imports enjoyed 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 surged to $X in 2022. Over the period under review, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest areca nut supplier to Spain, with a 79% share of total imports. Moreover, areca nut imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X kg), fourfold.

From 2014 to 2022, the average annual growth rate of volume from Germany was relatively modest.

In value terms, Germany ($X) and the Netherlands ($X) constituted the largest areca nut suppliers to Spain.

The Netherlands, with a CAGR of +36.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average areca nut import price stood at $X per ton in 2022, with an increase of 170% against the previous year. In general, the import price recorded a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Netherlands ($X per ton), while the price for Germany stood at $X per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+23.1%).

Source: IndexBox Platform

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