What is the price of areca (betel) nut per kilogram/pound in Sri Lanka today?
The retail price range for Sri Lanka areca (betel) nut is between US$ 2.38 and US$ 3.34 per kilogram or between US$ 1.08 and US$ 1.51 per pound(lb). Click here to see today's exact prices of areca (betel) nut in Sri Lanka
The retail price range in Sri Lanka Rupee for areca (betel) nut is between LKR 733.23 and LKR 1,026.52 per kilogram or between LKR 332.53 and LKR 465.54 per pound(lb) in Colombo and Jaffna.
Wholesale prices
In 2024, the approximate wholesale price range for Sri Lanka areca (betel) nut is between US$ 1.67 and US$ 2.34 per kilogram or between US$ 0.76 and US$ 1.06 per pound(lb).
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Sri Lanka Areca (betel) Nut Export Prices - Historical, Trends and Prediction
The export price per kilogram of Areca (Betel) Nut from Sri Lanka has seen a steady increase over the last five years. In 2013, the price was 1.04 US dollars per kg, and by 2021, it had risen to 4.45 US dollars per kg. This represents an increase of 327.9%. The highest price was seen in 2021, at 4.45 US dollars per kg, while the lowest was in 2013, at 1.04 US dollars per kg. Based on this trend, it is predicted that the export price per kilogram of Areca (Betel) Nut from Sri Lanka will be 4.90 US dollars per kg in 2023 and 5.37 US dollars per kg in 2024.The Sri Lanka areca (betel) nut exports are categorised as:
- Fresh or dried areca nuts, whether or not shelled or peeled (HS code 080280)
Sri Lanka Areca (betel) Nut Import Prices - Historical, Trends and Prediction
The import price of Areca (Betel) Nut into Sri Lanka has seen a steady increase over the past five years. In 2013, the price per kilogram was $1.04, and by 2021, it had risen to $4.45. This represents an increase of 327% over the eight-year period. The highest price was recorded in 2021, at $4.45 per kilogram. The lowest price was recorded in 2013, at $1.04 per kilogram. The average price over the five-year period was $2.90 per kilogram. Based on this trend, it is predicted that the price of Areca (Betel) Nut in Sri Lanka will continue to increase in the coming years, with an estimated price of $4.90 per kilogram in 2023 and $5.35 per kilogram in 2024.Export values for Sri Lanka areca (betel) nut
The total values in export for areca (betel) nut in Sri Lanka were US$ 33,972, US$ 38,165, US$ 41,788 and US$ 23,509 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Nuts category in Sri Lanka: Coconuts, Brazil Nuts, Cashew Nuts, Almonds, Hazelnut, Walnuts, Chestnuts, Pistachios, Macadamia Nuts & Kola Nuts.
See prices of areca (betel) nut in other countries across Asia: Kazakhstan areca (betel) nut, Kyrgyzstan areca (betel) nut, Tajikistan areca (betel) nut, Turkmenistan areca (betel) nut, Uzbekistan areca (betel) nut, China areca (betel) nut, Hong Kong areca (betel) nut, Macao areca (betel) nut, North Korea areca (betel) nut & Mongolia areca (betel) nut.
Sri Lanka areca (betel) nut - Production, Exports, Imports, Seasons and HS Codes
In 2019 Sri Lanka exported 6,230 tonnes of areca (betel) nut. For the year 2019 alone, the demand for Sri Lanka areca (betel) nut (nuts category) has reduced, changing by -42.4 per cent compared to the year 2018. Between 2017 and 2019, areca (betel) nut's exports reduced by -42.43% bringing the country US$23.51m for the year 2019. Sri Lanka's areca (betel) nut exports are categorised as:
- Fresh or dried areca nuts, whether or not shelled or peeled (HS code 080280)
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Sri Lanka areca (betel) nut export values
In 2019, Sri Lanka shipped areca (betel) nut worth 23.51m USD, a contraction of -43.74% from 2018's total areca (betel) nut export of 41.788m USD. The yearly reduction in value of Sri Lanka areca (betel) nut between 2017 to 2018 was 9.493 percent.
The yearly change in the volume of Sri Lanka's areca (betel) nut exports between 2017 and 2019 was -42.43 percent in comparison to a variation of -42.4% in the period between 2018 and 2019.
Export markets for Sri Lanka areca (betel) nut ( in '000$ )
Sri Lanka's top export markets for areca (betel) nut are Mali, United Kingdom (UK), Canada, the Maldives and India.
Sri Lanka procured 805 tonnes of areca (betel) nut in 2019.
Production
The production of areca (betel) nut in Sri Lanka was 53,645 tonnes in 2019 and is projected to change by an average of -1.91%. The country had approximately 18,275.00 hectares under areca (betel) nut cultivation.