Malaysia - Areca Nuts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAreca Nut Price in Malaysia - 2023
Contents:
- Areca Nut Price in Malaysia (CIF) - 2023
- Areca Nut Price in Malaysia (FOB) - 2023
- Areca Nut Imports in Malaysia
- Areca Nut Exports in Malaysia
Areca Nut Price in Malaysia (CIF) - 2023
The average areca nut import price stood at $534 per ton in October 2023, leveling off at the previous month. Over the period under review, the import price recorded a drastic downturn. The growth pace was the most rapid in August 2023 when the average import price increased by 45% m-o-m. Over the period under review, average import prices attained the maximum at $1,778 per ton in December 2022; however, from January 2023 to October 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Myanmar ($1,523 per ton), while the price for India ($319 per ton) was amongst the lowest.
From December 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Myanmar (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Areca Nut Price in Malaysia (FOB) - 2023
The average areca nut export price stood at $561 per ton in October 2023, with a decrease of -47.8% against the previous month. In general, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in March 2023 an increase of 141% month-to-month. The export price peaked at $1,082 per ton in December 2022; however, from January 2023 to October 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was India ($1,199 per ton), while the average price for exports to Sri Lanka ($379 per ton) was amongst the lowest.
From December 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+1.5%), while the prices for the other major destinations experienced mixed trend patterns.
Areca Nut Imports in Malaysia
In 2022, approx. 7K tons of areca nuts were imported into Malaysia; rising by 129% on 2021 figures. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, areca nut imports surged to $8M in 2022. Over the period under review, imports showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 114%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Areca Nut in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 1.2 | 1.4 | 1.5 | 4.5 | 55.4% |
| India | 0.1 | 0.4 | 2.6 | 1.6 | 152.0% |
| Sri Lanka | N/A | N/A | N/A | 0.8 | 0% |
| Myanmar | N/A | 0.1 | N/A | 0.7 | 164.6% |
| Singapore | N/A | N/A | N/A | 0.3 | 0% |
| Others | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Total | 1.6 | 2.0 | 4.2 | 8.0 | 71.0% |
Top Suppliers of Areca Nut to Malaysia in 2022:
- Indonesia (4.3K tons)
- Myanmar (1.3K tons)
- India (0.9K tons)
- Sri Lanka (0.3K tons)
- Singapore (0.2K tons)
Areca Nut Exports in Malaysia
After two years of decline, overseas shipments of areca nuts increased by 613% to 8.9K tons in 2022. Overall, exports posted a significant 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 soared to $7.6M in 2022. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Areca Nut in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 130 | N/A | N/A | 4,805 | 233.1% |
| India | 486 | 123 | 332 | 1,962 | 59.2% |
| Bangladesh | 770 | 1,618 | 977 | 496 | -13.6% |
| Singapore | 12.6 | 18.6 | 10.9 | 201 | 151.7% |
| Thailand | 1,112 | 284 | 123 | 73.8 | -59.5% |
| Sri Lanka | N/A | 235 | N/A | 47.8 | -54.9% |
| Others | 2.6 | 9.5 | 613 | 57.0 | 179.9% |
| Total | 2,513 | 2,288 | 2,057 | 7,643 | 44.9% |
Top Export Markets for Areca Nut from Malaysia in 2022:
- Iran (6.4K tons)
- India (1.5K tons)
- Bangladesh (0.4K tons)
- Singapore (0.3K tons)
- Sri Lanka (0.1K tons)
- Thailand (0.1K tons)
This report provides an in-depth analysis of the areca nut market in Malaysia. 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:
- Malaysia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Malaysia
- 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
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