Price for Flour, Meal, and Flakes of Potatoes in Nepal - 2022

Price for Flour, Meal, and Flakes of Potatoes in Nepal (CIF) - 2022

The average import price for flour, meal, and flakes of potatoeses stood at $824 per ton in 2022, shrinking by -17.1% against the previous year. Overall, the import price saw a slight setback. The growth pace was the most rapid in 2014 when the average import price increased by 59% against the previous year. Over the period under review, average import prices reached the maximum at $1,172 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for Bangladesh amounted to +6.5% per year.

Price for Flour, Meal, and Flakes of Potatoes in Nepal (FOB) - 2022

The average export price for flour, meal, and flakes of potatoeses stood at $1,601 per ton in 2022, with an increase of 13% against the previous year. Overall, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for flour, meal, and flakes of potatoeses increased by +119.0% against 2017 indices. The pace of growth was the most pronounced in 2020 an increase of 41% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($1,662 per ton), while the average price for exports to the UK totaled $1,581 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+11.1%).

Imports of Flour, Meal, and Flakes of Potatoes in Nepal

In 2022, the amount of flour, meal, and flakes of potatoeses imported into Nepal reduced to 71 tons, shrinking by -8.5% on the previous year. Over the period under review, imports, however, enjoyed prominent growth. The growth pace was the most rapid in 2021 with an increase of 133% against the previous year. As a result, imports attained the peak of 77 tons, and then contracted in the following year.

In value terms, imports of flour, meal, and flakes of potatoeses fell sharply to $58K in 2022. In general, total imports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +4.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 98%. As a result, imports reached the peak of $77K, and then dropped sharply in the following year.

Import of Flour, Meal, and Flakes of Potatoes in Nepal (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	49.3	38.7	75.8	58.4	5.8%
Others	1.2	0.3	1.3	0.1	-56.3%
Total	50.6	39.0	77.1	58.5	5.0%

Top Suppliers of Flour, Meal, and Flakes of Potatoes to Nepal in 2022:

India (70.8 tons)

Exports of Flour, Meal, and Flakes of Potatoes in Nepal

In 2022, approx. 30 tons of flour, meal, and flakes of potatoeses were exported from Nepal; picking up by 196% compared with 2021. In general, exports, however, saw a deep reduction.

In value terms, exports of flour, meal, and flakes of potatoeses soared to $48K in 2022. Overall, exports showed a strong increase.