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MERCOSUR - Areca Nuts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMERCOSUR: Areca Nut Market 2024
Areca Nut Market Size in MERCOSUR
In 2023, the MERCOSUR areca nut market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, consumption saw a significant expansion. As a result, consumption reached the peak level of $X, and then contracted markedly in the following year.
Areca Nut Production in MERCOSUR
In value terms, areca nut production fell dramatically to $X in 2023 estimated in export price. Over the period under review, production, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2022 when the production volume increased by X%. As a result, production attained the peak level of $X, and then shrank remarkably in the following year.
Peru (X tons) constituted the country with the largest volume of areca nut production, accounting for X% of total volume. Moreover, areca nut production in Peru exceeded the figures recorded by the second-largest producer, Colombia (X tons), more than tenfold.
From 2012 to 2023, the average annual rate of growth in terms of volume in Peru amounted to X%. The remaining producing countries recorded the following average annual rates of production growth: Colombia (X% per year) and Argentina (X% per year).
Areca Nut Exports
Exports in MERCOSUR
In 2023, approx. X kg of areca nuts were exported in MERCOSUR; waning by X% against the previous year's figure. In general, exports faced a significant decline. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.
In value terms, areca nut exports contracted significantly to $X in 2023. Over the period under review, exports continue to indicate a dramatic decrease. The pace of growth was the most pronounced in 2022 with an increase of X%. The level of export peaked at $X in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.
Exports by Country
Brazil (X kg) represented roughly X% of total exports in 2023.
Brazil was also the fastest-growing in terms of the areca nuts exports, with a CAGR of X% from 2013 to 2023. From 2013 to 2023, the share of Brazil increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Brazil ($X) also remains the largest areca nut supplier in MERCOSUR.
In Brazil, areca nut exports expanded at an average annual rate of X% over the period from 2013-2023.
Export Prices by Country
The export price in MERCOSUR stood at $X per ton in 2023, with an increase of X% against the previous year. Overall, the export price enjoyed a measured increase. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of export peaked in 2023 and is likely to see steady growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Brazil.
From 2013 to 2023, the rate of growth in terms of prices for Brazil amounted to X% per year.
Areca Nut Imports
Imports in MERCOSUR
In 2023, after two years of growth, there was significant decline in overseas purchases of areca nuts, when their volume decreased by X% to X kg. Overall, imports, however, recorded slight growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.
In value terms, areca nut imports fell dramatically to $X in 2023. In general, imports showed a slight downturn. The pace of growth appeared the most rapid in 2014 with an increase of X%. The level of import peaked at $X in 2015; however, from 2016 to 2023, imports remained at a lower figure.
Imports by Country
Guyana represented the main importing country with an import of about X kg, which accounted for X% of total imports. It was distantly followed by Suriname (X kg), comprising a X% share of total imports.
Guyana was also the fastest-growing in terms of the areca nuts imports, with a CAGR of X% from 2012 to 2023. Suriname (X%) illustrated a downward trend over the same period. While the share of Guyana (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Suriname (X p.p.) displayed negative dynamics.
In value terms, Guyana ($X) constitutes the largest market for imported areca nuts in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Suriname ($X), with a X% share of total imports.
From 2012 to 2023, the average annual growth rate of value in Guyana totaled X%.
Import Prices by Country
The import price in MERCOSUR stood at $X per ton in 2023, increasing by X% against the previous year. Overall, the import price, however, showed a noticeable reduction. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Suriname ($X per ton), while Guyana stood at $X per ton.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Guyana (X%).
Source: IndexBox Platform
This report provides an in-depth analysis of the areca nut market in MERCOSUR. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in MERCOSUR, split by region and country
- Trade (exports and imports) in MERCOSUR
- 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
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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
- CONSUMPTION BY COUNTRY
- 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 VOLUME AND VALUE
- PRODUCTION BY COUNTRY
- HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- 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 -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Argentina
- Brazil
- Chile
- Colombia
- Ecuador
- Guyana
- Paraguay
- Peru
- Suriname
- Uruguay
- Venezuela
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 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
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 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, 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, 2012–2023
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