Price for Cereals; Maize (Corn), Other than Seed in Nepal - 2022
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Nepal (CIF) - 2022
- Price for Cereals; Maize (Corn), Other than Seed in Nepal (FOB) - 2022
- Imports of Cereals; Maize (Corn), Other than Seed in Nepal
- Exports of Cereals; Maize (Corn), Other than Seed in Nepal
Price for Cereals; Maize (Corn), Other than Seed in Nepal (CIF) - 2022
In 2022, the average import price for cereals; maize (corn), other than seeds amounted to $311 per ton, increasing by 19% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2019 an increase of 30% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.
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 +8.4% per year.
Price for Cereals; Maize (Corn), Other than Seed in Nepal (FOB) - 2022
The average export price for cereals; maize (corn), other than seeds stood at $1,060 per ton in 2022, waning by -19.4% against the previous year. Over the period under review, the export price, however, showed significant growth. The pace of growth appeared the most rapid in 2021 an increase of 73% against the previous year. As a result, the export price attained the peak level of $1,316 per ton, and then fell sharply in the following year.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($1,078 per ton), while the average price for exports to the United States totaled $797 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+46.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereals; Maize (Corn), Other than Seed in Nepal
In 2022, after three years of growth, there was significant decline in purchases abroad of cereals; maize (corn), other than seeds, when their volume decreased by -27.3% to 414K tons. Overall, total imports indicated slight growth from 2019 to 2022: its volume increased at an average annual rate of +1.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 37% against the previous year.
In value terms, imports of cereals; maize (corn), other than seeds dropped to $129M in 2022. The total import value increased at an average annual rate of +2.7% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. As a result, imports reached the peak of $149M, and then shrank in the following year.
| Import of Cereals; Maize (Corn), Other than Seed in Nepal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 94.0 | 111 | 145 | 126 | 10.3% |
| Bangladesh | 15.3 | 1.8 | N/A | N/A | -88.2% |
| Others | 9.3 | 11.7 | 4.2 | 2.9 | -32.2% |
| Total | 119 | 124 | 149 | 129 | 2.7% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Nepal in 2022:
- India (409.9K tons)
Exports of Cereals; Maize (Corn), Other than Seed in Nepal
In 2022, approx. 4.7 tons of cereals; maize (corn), other than seeds were exported from Nepal; growing by 21% compared with the previous year's figure. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 33,510%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, exports of cereals; maize (corn), other than seeds declined slightly to $5K in 2022. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 42,400%.
| Export of Cereals; Maize (Corn), Other than Seed in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | N/A | N/A | 0.5 | 4.7 | 840.0% |
| United States | N/A | N/A | N/A | 0.2 | 0% |
| United Kingdom | N/A | 0.6 | 1.6 | N/A | 166.7% |
| India | N/A | 2.0 | 2.9 | N/A | 45.0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | N/A | 2.5 | 5.1 | 5.0 | 41.4% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Nepal in 2022:
- Australia (4.4 tons)
- United States (0.3 tons)
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Designed to bring an unforgettable experience for children and adults alike, the Amaizing-Acres corn maze is certainly a place to visit this fall, a unique opportunity to enjoy a family get away surrounded by nature.
