Not only China but also the US, Thailand, and Bhutan import Vietnamese areca nuts

Published 2024년 10월 29일

Tridge summary

Areca nut exports from Vietnam have seen a significant surge, with the first nine months of the year witnessing a doubling of exports compared to the same period last year, reaching a value of nearly 29 million USD. China continues to be the largest market, importing areca nuts worth nearly 27.3 million USD, followed by the US, Thailand, Nepal, India, Sri Lanka, and Bhutan. The increase in exports is largely due to a supply shortage in China caused by a storm in Hainan Island. However, the price increase is not sustainable, and the Vietnam Fruit and Vegetable Association recommends growers to intercrop areca nuts with other crops to mitigate risk. The areca nut market is currently disorganized, with prices fluctuating. Despite the market's confusion, some farmers are optimistic about the future income from areca nut plantations.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Areca nut exports this year doubled compared to last year, many markets outside China also imported areca nut such as: US, Thailand, Bhutan, Nepal On October 29, Mr. Dang Phuc Nguyen, General Secretary of the Vietnam Fruit and Vegetable Association, said that through calculating data from customs, areca nut exports in the first 9 months of the year reached nearly 29 million USD, nearly 2 times higher than the same period last year. Of which, the number 1 market is still China with 27.3 million USD, up nearly 2.2% compared to the same period last year. In September alone, China spent 7.55 million USD importing Vietnamese areca nut, down 16% compared to August. In the first 9 months of the year, the second largest areca nut importing market was the US with nearly 1 million USD; third was Thailand with 258,000 USD; fourth was Nepal with 141,000 USD; India imported 88,000 USD; Sri Lanka imported 64,000 USD; Bhutan imported 29,000 USD. Notably, the markets of Thailand, Nepal, Sri ...

Source: 24h newspaper