Price for Food Preparations Not Elsewhere Specified or Included in Nepal - 2022
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Nepal (CIF) - 2022
- Price for Food Preparations Not Elsewhere Specified or Included in Nepal (FOB) - 2022
- Imports of Food Preparations Not Elsewhere Specified or Included in Nepal
- Exports of Food Preparations Not Elsewhere Specified or Included in Nepal
Price for Food Preparations Not Elsewhere Specified or Included in Nepal (CIF) - 2022
In 2022, the average import price for food preparations not elsewhere specified or included amounted to $4,257 per ton, surging by 1.7% against the previous year. Overall, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.8% 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 food preparations not elsewhere specified or included decreased by -1.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 20%. The import price peaked at $4,318 per ton in 2020; afterwards, it flattened through to 2022.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($17,380 per ton), while the price for the Netherlands ($1,905 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+22.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Nepal (FOB) - 2022
The average export price for food preparations not elsewhere specified or included stood at $2,593 per ton in 2022, dropping by -5.2% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 31%. The export price peaked at $3,581 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
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 the Czech Republic ($14,091 per ton), while the average price for exports to Hong Kong SAR ($1,451 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 Pakistan (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Food Preparations Not Elsewhere Specified or Included in Nepal
Imports of food preparations not elsewhere specified or included into Nepal rose significantly to 20K tons in 2022, picking up by 6.4% against 2021 figures. In general, total imports indicated a measured increase from 2019 to 2022: its volume increased at an average annual rate of +3.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +108.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 96% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of food preparations not elsewhere specified or included totaled $85M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +7.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +105.2% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 90%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Food Preparations Not Elsewhere Specified or Included in Nepal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 0.5 | 0.9 | 3.7 | 29.6 | 289.7% |
| India | 31.6 | 19.1 | 32.2 | 27.2 | -4.9% |
| Netherlands | 6.6 | 3.4 | 7.3 | 11.3 | 19.6% |
| Israel | 6.3 | 2.9 | 10.2 | 8.8 | 11.8% |
| China | 1.3 | 0.8 | 1.4 | 2.7 | 27.6% |
| Thailand | 2.2 | 0.4 | 1.2 | 2.2 | 0.0% |
| Others | 20.0 | 14.0 | 22.8 | 3.6 | -43.5% |
| Total | 68.4 | 41.6 | 78.9 | 85.4 | 7.7% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Nepal in 2022:
- Netherlands (5.9K tons)
- India (5.6K tons)
- Israel (4.1K tons)
- Singapore (1.7K tons)
- China (1.2K tons)
- Thailand (0.7K tons)
Exports of Food Preparations Not Elsewhere Specified or Included in Nepal
In 2022, exports of food preparations not elsewhere specified or included from Nepal shrank notably to 224 tons, which is down by -57.4% on 2021 figures. In general, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 104% against the previous year. As a result, the exports attained the peak of 525 tons, and then fell significantly in the following year.
In value terms, exports of food preparations not elsewhere specified or included shrank markedly to $581K in 2022. Over the period under review, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 167%. As a result, the exports attained the peak of $1.4M, and then contracted significantly in the following year.
| Export of Food Preparations Not Elsewhere Specified or Included in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 98.9 | 52.1 | 245 | 177 | 21.4% |
| Bangladesh | 98.0 | 37.3 | 219 | 96.6 | -0.5% |
| Czech Republic | 251 | 153 | 226 | 96.0 | -27.4% |
| Australia | 30.0 | 64.1 | 120 | 79.4 | 38.3% |
| Japan | 4.0 | 7.1 | 33.6 | 43.6 | 121.7% |
| United States | 15.1 | 22.6 | 115 | 39.4 | 37.7% |
| Bhutan | 61.3 | 33.6 | 67.1 | 24.0 | -26.8% |
| Hong Kong SAR | 0.1 | 5.5 | 0.3 | 13.4 | 411.7% |
| Thailand | 52.2 | 38.9 | 89.8 | N/A | 31.2% |
| Others | 165 | 124 | 321 | 11.0 | -59.5% |
| Total | 776 | 538 | 1,437 | 581 | -9.2% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Nepal in 2022:
- India (108.6 tons)
- Bangladesh (42.0 tons)
- Australia (20.8 tons)
- Japan (13.4 tons)
- United States (13.3 tons)
- Hong Kong SAR (9.2 tons)
- Bhutan (7.6 tons)
- Czech Republic (6.8 tons)
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