Areca Nut Market in China
In value terms, areca nut production fell to $ in estimated in export prices. The total output value increased at an average annual rate of +% from 2012 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by % year-to-year. Areca nut production peaked at $ in 2016; however, from 2017 to , production remained at a lower figure.
The average yield of areca nuts in China shrank slightly to tonnes per ha in , which is down by -% compared with the year before. Over the period under review, the yield recorded a slight decline. The growth pace was the most rapid in 2017 when the yield increased by % against the previous year. Over the period under review, the average areca nut yield attained the peak level at tonnes per ha in 2013; however, from 2014 to , the yield stood at a somewhat lower figure. 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 China dropped to ha in , with a decrease of -% on 2019 figures. Over the period under review, the harvested area continues to indicate a mild descent. The pace of growth appeared the most rapid in 2013 when the harvested area decreased by -% year-to-year. The areca nut harvested area peaked at ha in 2012; however, from 2013 to , the harvested area stood at a somewhat lower figure.
The revenue of the areca nut market in China declined to $ in , with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the market value increased by % y-o-y. Over the period under review, the market attained the peak level at $ in 2016; however, from 2017 to , consumption failed to regain the momentum.