Price for Cereal Groats and Meal; of Maize (Corn) in Nepal - 2022
Contents:
- Price for Cereal Groats and Meal; of Maize (Corn) in Nepal (CIF) - 2022
- Price for Cereal Groats and Meal; of Maize (Corn) in Nepal (FOB) - 2022
- Imports of Cereal Groats and Meal; of Maize (Corn) in Nepal
- Exports of Cereal Groats and Meal; of Maize (Corn) in Nepal
Price for Cereal Groats and Meal; of Maize (Corn) in Nepal (CIF) - 2022
In 2022, the average import price for cereal groats and meal; of maize (corn)s amounted to $413 per ton, rising by 20% against the previous year. Over the last decade, it increased at an average annual rate of +5.5%. The most prominent rate of growth was recorded in 2013 an increase of 74%. As a result, import price attained the peak level of $422 per ton. From 2014 to 2022, the average import prices remained 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 +5.4% per year.
Price for Cereal Groats and Meal; of Maize (Corn) in Nepal (FOB) - 2022
In 2022, the average export price for cereal groats and meal; of maize (corn)s amounted to $1,629 per ton, increasing by 15% against the previous year. Over the period under review, the export price saw a prominent expansion. The growth pace was the most rapid in 2017 when the average export price increased by 69%. The export price peaked in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,835 per ton), while the average price for exports to Canada ($1,098 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 Australia (+56.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereal Groats and Meal; of Maize (Corn) in Nepal
In 2022, imports of cereal groats and meal; of maize (corn)s into Nepal fell modestly to 1.3K tons, which is down by -4% on 2021 figures. Overall, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by 0.3%.
In value terms, imports of cereal groats and meal; of maize (corn)s skyrocketed to $548K in 2022. In general, imports showed a deep downturn.
| Import of Cereal Groats and Meal; of Maize (Corn) in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 682 | 452 | 466 | 547 | -7.1% |
| South Africa | 9.2 | 11.2 | 8.4 | N/A | -4.4% |
| Others | 0.7 | 0.7 | 0.8 | 0.9 | 8.7% |
| Total | 692 | 464 | 476 | 548 | -7.5% |
Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Nepal in 2022:
- India (1326.7 tons)
Exports of Cereal Groats and Meal; of Maize (Corn) in Nepal
Exports of cereal groats and meal; of maize (corn)s from Nepal surged to 27 tons in 2022, increasing by 23,604% against the year before. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of cereal groats and meal; of maize (corn)s soared to $44K in 2022. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereal Groats and Meal; of Maize (Corn) in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.2 | 9.2 | 0.1 | 28.8 | 135.7% |
| United Kingdom | 3.0 | 15.5 | N/A | 8.3 | 40.4% |
| Australia | N/A | N/A | N/A | 3.2 | 0% |
| Canada | 0.4 | 0.7 | N/A | 2.2 | 76.5% |
| Others | 3.0 | N/A | N/A | 1.5 | -20.6% |
| Total | 8.6 | 25.5 | 0.2 | 44.0 | 72.3% |
Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from Nepal in 2022:
- United States (15.7 tons)
- United Kingdom (6.6 tons)
- Australia (2.0 tons)
- Canada (2.0 tons)
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