Thailand: Areca Nut Market 2025

Areca Nut Market Size in Thailand

In 2022, the Thai areca nut market increased by 333% to $X, rising for the third year in a row after two years of decline. Overall, consumption showed a significant increase. Areca nut consumption peaked in 2022 and is expected to retain growth in the near future.

Areca Nut Production in Thailand

In value terms, areca nut production declined modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.5% against 2019 indices. The growth pace was the most rapid in 2016 when the production volume increased by 50%. Areca nut production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The average yield of areca nuts in Thailand reduced remarkably to X tons per ha in 2022, with a decrease of -31.5% against 2021 figures. Overall, the yield saw a pronounced setback. The most prominent rate of growth was recorded in 2021 when the yield increased by 46%. As a result, the yield reached the peak level of X tons per ha, and then reduced dramatically in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The areca nut harvested area in Thailand shrank modestly to X ha in 2022, standing approx. at the previous year. Overall, the harvested area showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 6.9%. Over the period under review, the harvested area dedicated to areca nut production attained the peak figure at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

Areca Nut Exports

Exports from Thailand

In 2022, after two years of growth, there was significant decline in overseas shipments of areca nuts, when their volume decreased by -50.5% to X tons. In general, exports, however, showed buoyant growth. The pace of growth was the most pronounced in 2021 when exports increased by 164% against the previous year. As a result, the exports attained the peak of X tons, and then declined sharply in the following year.

In value terms, areca nut exports reduced remarkably to $X in 2022. Over the period under review, exports, however, recorded strong growth. The pace of growth was the most pronounced in 2021 with an increase of 122%. As a result, the exports reached the peak of $X, and then declined sharply in the following year.

Exports by Country

Vietnam (X tons), Myanmar (X tons) and Bangladesh (X tons) were the main destinations of areca nut exports from Thailand, with a combined 89% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of +64.4%), while the other leaders experienced more modest paces of growth.

In value terms, Myanmar ($X) remains the key foreign market for areca nuts exports from Thailand, comprising 55% of total exports. The second position in the ranking was held by Vietnam ($X), with an 18% share of total exports. It was followed by Bangladesh, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Myanmar stood at +60.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+60.6% per year) and Bangladesh (-2.9% per year).

Export Prices by Country

The average areca nut export price stood at $X per ton in 2022, reducing by -10% against the previous year. Overall, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, areca nut export price decreased by -31.2% against 2019 indices. The pace of growth was the most pronounced in 2016 when the average export price increased by 50%. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Lao People's Democratic Republic ($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 Vietnam (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Areca Nut Imports

Imports into Thailand

In 2022, approx. X tons of areca nuts were imported into Thailand; rising by 15% compared with the previous year. Overall, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2015 when imports increased by 4,503%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, areca nut imports rose significantly to $X in 2022. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 3,360%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Indonesia (X tons) was the main supplier of areca nut to Thailand, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Indonesia stood at +86.2%.

In value terms, Indonesia ($X) constituted the largest supplier of areca nuts to Thailand.

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia totaled +95.4%.

Import Prices by Country

The average areca nut import price stood at $X per ton in 2022, shrinking by -8.3% against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, areca nut import price decreased by -0.5% against 2017 indices. The most prominent rate of growth was recorded in 2014 an increase of 34% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then contracted in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +4.9% per year.

Source: IndexBox Platform

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