Areca Nut Market in Pakistan
Market Overview
For the fourth consecutive year, the Pakistani areca nut market recorded decline in sales value, which decreased by -
% to $ in . Overall, consumption recorded a sharp downturn. The most prominent rate of growth was recorded in 2013 when the market value increased by % y-o-y. Over the period under review, the market hit record highs at $ in 2016; however, from 2017 to , consumption stood at a somewhat lower figure.
% to $ in . Overall, consumption recorded a sharp downturn. The most prominent rate of growth was recorded in 2013 when the market value increased by % y-o-y. Over the period under review, the market hit record highs at $ in 2016; however, from 2017 to , consumption stood at a somewhat lower figure.Consumption
In , approx. tonnes of areca nuts were consumed in Pakistan; declining by -% against the previous year. Over the period under review, consumption saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of % against the previous year. Areca nut consumption peaked at tonnes in 2016; however, from 2017 to , consumption failed to regain the momentum.
The revenue of the areca nut market in Pakistan shrank to $ in , which is down by -% 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 continues to indicate a precipitous decline. The most prominent rate of growth was recorded in 2013 with an increase of % year-to-year. Over the period under review, the market hit record highs at $ in 2016; however, from 2017 to , consumption remained at a lower figure.
, approx. tonnes of areca nuts were consumed in Pakistan; declining by -% against the previous year. Over the period under review, consumption saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of % against the previous year. Areca nut consumption peaked at tonnes in 2016; however, from 2017 to , consumption failed to regain the momentum.The revenue of the areca nut market in Pakistan shrank to $
in , which is down by -% 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 continues to indicate a precipitous decline. The most prominent rate of growth was recorded in 2013 with an increase of % year-to-year. Over the period under review, the market hit record highs at $ in 2016; however, from 2017 to , consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for areca nut in Pakistan, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to kg by the end of .
% for the period from to , which is projected to depress the market volume to kg by the end of .Trade Balance
Pakistan remains a net importer of areca nut; in physical and value terms, imports consistently exceeded exports from 2012 to . In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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