Milled Rice Price in Nepal - 2022
Contents:
- Milled Rice Price in Nepal (CIF) - 2022
- Milled Rice Price in Nepal (FOB) - 2022
- Milled Rice Imports in Nepal
- Milled Rice Exports in Nepal
Milled Rice Price in Nepal (CIF) - 2022
In 2022, the average milled rice import price amounted to $464 per ton, increasing by 2.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2015 an increase of 16%. The import price peaked at $467 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 India amounted to +2.9% per year.
Milled Rice Price in Nepal (FOB) - 2022
The average milled rice export price stood at $2,787 per ton in 2022, surging by 41% against the previous year. In general, the export price showed strong growth. The pace of growth appeared the most rapid in 2020 an increase of 62%. The export price peaked in 2022 and is likely to continue growth in years to come.
As there is only one major export destination, the average price level is determined by prices for Australia.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +21.2% per year.
Milled Rice Imports in Nepal
In 2022, supplies from abroad of semi-milled or wholly milled (bleached) rice decreased by -29% to 382K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2020 with an increase of 28% against the previous year.
In value terms, milled rice imports plummeted to $178M in 2022. Over the period under review, imports saw a perceptible shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 17% against the previous year.
| Import of Milled Rice in Nepal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 188 | 221 | 240 | 176 | -2.2% |
| Others | 2.1 | 1.6 | 3.0 | 2.0 | -1.6% |
| Total | 190 | 223 | 243 | 178 | -2.2% |
Top Suppliers of Milled Rice to Nepal in 2022:
- India (379.4K tons)
Milled Rice Exports in Nepal
Milled rice exports from Nepal fell dramatically to 717 kg in 2022, declining by -98.6% on 2021. Over the period under review, exports saw a precipitous slump. The pace of growth was the most pronounced in 2021 when exports increased by 61% against the previous year. As a result, the exports attained the peak of 50 tons, and then contracted significantly in the following year.
In value terms, milled rice exports declined remarkably to $2K in 2022. Overall, exports showed a dramatic descent. The pace of growth was the most pronounced in 2021 when exports increased by 66% against the previous year. As a result, the exports reached the peak of $99K, and then declined notably in the following year.
| Export of Milled Rice in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 20.8 | 33.6 | 51.8 | 2.0 | -54.2% |
| United States | 1.8 | 3.4 | 12.3 | N/A | 161.4% |
| India | 8.7 | 11.3 | 18.1 | N/A | 44.2% |
| Italy | 8.3 | 5.3 | 2.3 | N/A | -47.4% |
| Canada | 1.7 | 3.7 | 9.5 | N/A | 136.4% |
| Others | 2.0 | 2.4 | 4.9 | N/A | 56.5% |
| Total | 43.3 | 59.6 | 98.9 | 2.0 | -64.1% |
Top Export Markets for Milled Rice from Nepal in 2022:
- Australia (717.0 kg)
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