Price for Flour and Meal; of Potatoes in Nepal - 2021

Contents:

1. Price for Flour and Meal; of Potatoes in Nepal (CIF) - 2022
2. Price for Flour and Meal; of Potatoes in Nepal (FOB) - 2022
3. Imports of Flour and Meal; of Potatoes in Nepal
4. Exports of Flour and Meal; of Potatoes in Nepal

Price for Flour and Meal; of Potatoes in Nepal (CIF) - 2022

The average import price for flour and meal; of potatoeses stood at $559 per ton in 2022, which is down by -16.7% against the previous year. Overall, the import price, however, posted a temperate increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 59% against the previous year. Over the period under review, average import prices reached the maximum at $1,036 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($605 per ton), while the price for China amounted to $124 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.0%).

Price for Flour and Meal; of Potatoes in Nepal (FOB) - 2022

The average export price for flour and meal; of potatoeses stood at $1,601 per ton in 2022, picking up by 13% against the previous year. In general, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, flour and meal; of potatoes export price increased by +119.0% against 2017 indices. The pace of growth appeared the most rapid in 2020 an increase of 41% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($1,648 per ton), while the average price for exports to the UK amounted to $1,578 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+11.1%).

Imports of Flour and Meal; of Potatoes in Nepal

In 2022, supplies from abroad of flour and meal; of potatoeses decreased by -8.7% to 34 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 637% against the previous year.

In value terms, flour and meal; of potatoes imports reduced dramatically to $19K in 2022. In general, imports, however, saw a significant increase. The growth pace was the most rapid in 2020 when imports increased by 327%.

Top Suppliers of Flour and Meal; of Potatoes to Nepal in 2022:

1. India (28.7 tons)
2. China (0.5 tons)

Exports of Flour and Meal; of Potatoes in Nepal

In 2022, overseas shipments of flour and meal; of potatoeses were finally on the rise to reach 30 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a sharp curtailment.

In value terms, flour and meal; of potatoes exports skyrocketed to $48K in 2022. Overall, exports, however, continue to indicate a deep slump.

Top Export Markets for Flour and Meal; of Potatoes from Nepal in 2022:

1. United Kingdom (20.1 tons)
2. China (9.9 tons)

Source: IndexBox Market Intelligence Platform