Frozen Catfish Fillet Price in Nepal - 2022
Contents:
Frozen Catfish Fillet Price in Nepal (CIF) - 2022
In 2022, the average frozen catfish fillet import price amounted to $2,020 per ton, jumping by 30% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +12.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average import price increased by 112%. Over the period under review, average import prices hit record highs at $2,074 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($2,020 per ton), while the price for India totaled $1,984 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+17.5%).
Frozen Catfish Fillet Imports in Nepal
In 2022, overseas purchases of frozen catfish fillets increased by 236% to 1.1K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports continue to indicate a measured increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, frozen catfish fillet imports skyrocketed to $2.2M in 2022. Over the period under review, imports saw prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Frozen Catfish Fillet in Nepal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 1.9 | 0.7 | 0.5 | 2.2 | 5.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.9 | 0.7 | 0.5 | 2.2 | 5.0% |
Top Suppliers of Frozen Catfish Fillet to Nepal in 2022:
- Vietnam (1068.8 tons)
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