Price for Buckwheat, Millet and Canary Seed; Other Cereals in Nepal - 2022
Contents:
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Nepal (CIF) - 2022
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Nepal (FOB) - 2022
- Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Nepal
- Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Nepal
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Nepal (CIF) - 2022
The average import price for buckwheat, millet and canary seed; other cerealses stood at $282 per ton in 2022, standing approx. at the previous year. Overall, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for buckwheat, millet and canary seed; other cerealses decreased by -1.8% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 48%. Over the period under review, average import prices reached the peak figure at $287 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 India amounted to +7.4% per year.
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Nepal (FOB) - 2022
The average export price for buckwheat, millet and canary seed; other cerealses stood at $1,762 per ton in 2022, picking up by 198% against the previous year. Overall, the export price continues to indicate significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($2,529 per ton), while the average price for exports to Hong Kong SAR ($939 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Nepal
In 2022, overseas purchases of buckwheat, millet and canary seed; other cerealses decreased by -8.2% to 20K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +5.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2020 when imports increased by 24%.
In value terms, imports of buckwheat, millet and canary seed; other cerealses reduced to $5.8M in 2022. The total import value increased at an average annual rate of +9.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 40%.
| Import of Buckwheat, Millet and Canary Seed; Other Cereals in Nepal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 4.3 | 6.0 | 6.4 | 5.8 | 10.5% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 4.4 | 6.1 | 6.4 | 5.8 | 9.6% |
Top Suppliers of Buckwheat, Millet and Canary Seed; Other Cereals to Nepal in 2022:
- India (20.4K tons)
Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Nepal
For the third year in a row, Nepal recorded decline in shipments abroad of buckwheat, millet and canary seed; other cerealses, which decreased by -86.6% to 17 tons in 2022. Over the period under review, exports recorded a sharp downturn. The smallest decline of -60.5% was in 2021.
In value terms, exports of buckwheat, millet and canary seed; other cerealses shrank rapidly to $30K in 2022. Overall, exports continue to indicate a dramatic decrease. The smallest decline of -36.8% was in 2021.
| Export of Buckwheat, Millet and Canary Seed; Other Cereals in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 0.4 | 6.5 | 1.3 | 16.1 | 242.7% |
| Australia | 0.9 | 1.0 | 1.2 | 6.3 | 91.3% |
| Hong Kong SAR | 5.7 | 3.9 | 0.6 | 4.8 | -5.6% |
| Canada | 0.1 | 0.2 | 0.5 | 2.8 | 203.7% |
| United States | 1.3 | 0.9 | 0.5 | 0.5 | -27.3% |
| United Kingdom | 30.0 | 13.3 | 15.5 | N/A | -28.1% |
| India | 146 | 94.2 | 53.3 | N/A | -39.6% |
| Others | 6.5 | 0.9 | 3.6 | N/A | -25.6% |
| Total | 191 | 121 | 76.4 | 30.5 | -45.7% |
Top Export Markets for Buckwheat, Millet and Canary Seed; Other Cereals from Nepal in 2022:
- Japan (6.4 tons)
- Hong Kong SAR (5.1 tons)
- Australia (3.5 tons)
- Canada (2.1 tons)
- United States (0.3 tons)
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