Hong Kong SAR, China - Areca Nuts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAreca Nut Price in Hong Kong SAR - 2023
Contents:
- Areca Nut Price in Hong Kong SAR (CIF) - 2022
- Areca Nut Price in Hong Kong SAR (FOB) - 2022
- Areca Nut Imports in Hong Kong SAR
- Areca Nut Exports in Hong Kong SAR
Areca Nut Price in Hong Kong SAR (CIF) - 2022
In 2022, the average areca nut import price amounted to $2,248 per ton, falling by -53.5% against the previous year. In general, the import price, however, enjoyed pronounced growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 390%. As a result, import price reached the peak level of $4,832 per ton, and then contracted significantly in the following year.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +57.7% per year.
Areca Nut Price in Hong Kong SAR (FOB) - 2022
The average areca nut export price stood at $1,458 per ton in 2022, dropping by -5.9% against the previous year. In general, the export price continues to indicate a abrupt setback. The growth pace was the most rapid in 2021 an increase of 17% against the previous year. The export price peaked at $4,335 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -6.6% per year.
Areca Nut Imports in Hong Kong SAR
In 2022, purchases abroad of areca nuts decreased by -42.9% to 101 tons, falling for the second year in a row after two years of growth. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 1,265% against the previous year. As a result, imports attained the peak of 369 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, areca nut imports fell remarkably to $227K in 2022. Overall, imports, however, posted significant growth. The growth pace was the most rapid in 2020 with an increase of 1,585% against the previous year.
| Import of Areca Nut in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 23.2 | N/A | 204 | 196.5% |
| Indonesia | N/A | 341 | 853 | N/A | 150.1% |
| Thailand | 21.6 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 3.1 | 22.8 | 635.5% |
| Total | 21.6 | 364 | 856 | 227 | 119.0% |
Top Suppliers of Areca Nut to Hong Kong SAR in 2022:
- China (99.8 tons)
Areca Nut Exports in Hong Kong SAR
In 2022, the amount of areca nuts exported from Hong Kong SAR skyrocketed to 145 tons, with an increase of 144% on the previous year's figure. In general, exports showed prominent growth.
In value terms, areca nut exports skyrocketed to $211K in 2022. Over the period under review, exports, however, recorded a abrupt downturn.
| Export of Areca Nut in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 332 | 171 | 92.0 | 210 | -14.2% |
| Vietnam | N/A | 30.9 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 1.7 | 0% |
| Total | 332 | 202 | 92.0 | 211 | -14.0% |
Top Export Markets for Areca Nut from Hong Kong SAR in 2022:
- China (144.9 tons)
This report provides an in-depth analysis of the areca nut market in Hong Kong SAR, China. 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
428
This report provides an in-depth analysis of the areca nut market in Hong Kong SAR, China.
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