U.S.: Areca Nut Market 2025

Areca Nut Market Size in the U.S.

For the third consecutive year, the U.S. areca nut market recorded growth in sales value, which increased by 97% to $X in 2022. Overall, consumption enjoyed a significant increase. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Areca Nut Exports

Exports from the U.S.

In 2022, shipments abroad of areca nuts decreased by 0% to X tons, falling for the third consecutive year after five years of growth. Overall, exports recorded a sharp downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 464%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, areca nut exports totaled $X in 2022. Over the period under review, exports showed a dramatic downturn. The pace of growth was the most pronounced in 2019 with an increase of 519% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bermuda (X tons) and Canada (X tons) were the main destinations of areca nut exports from the United States.

From 2013 to 2022, the biggest increases were recorded for Canada (with a CAGR of +0.1%).

In value terms, Bermuda ($X) and Canada ($X) constituted the largest markets for areca nut exported from the United States worldwide.

Bermuda, with a CAGR of 0.0%, saw 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.

Export Prices by Country

The average areca nut export price stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 37% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bermuda ($X per ton), while the average price for exports to Canada totaled $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (-0.4%), while the prices for the other major destinations experienced a decline.

Areca Nut Imports

Imports into the U.S.

In 2022, areca nut imports into the United States surged to X tons, picking up by 167% on 2021. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2013 with an increase of 210% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, areca nut imports soared to $X in 2022. In general, imports enjoyed significant growth. The growth pace was the most rapid in 2013 with an increase of 282% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest areca nut supplier to the United States, with a 69% share of total imports. Moreover, areca nut imports from Vietnam exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. Myanmar (X tons) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Vietnam amounted to +59.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+29.7% per year) and Myanmar (+23.3% per year).

In value terms, the largest areca nut suppliers to the United States were Vietnam ($X), India ($X) and Myanmar ($X), with a combined 90% share of total imports.

Vietnam, with a CAGR of +82.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average areca nut import price stood at $X per ton in 2022, reducing by -35.6% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 33%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 India ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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