Price for Frozen Boneless Cuts of Bovine Meat in Nepal - 2022
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Nepal (CIF) - 2022
- Price for Frozen Boneless Cuts of Bovine Meat in Nepal (FOB) - 2022
- Imports of Frozen Boneless Cuts of Bovine Meat in Nepal
- Exports of Frozen Boneless Cuts of Bovine Meat in Nepal
Price for Frozen Boneless Cuts of Bovine Meat in Nepal (CIF) - 2022
The average import price for frozen boneless cuts of bovine meat stood at $1,251 per ton in 2022, waning by -14.8% against the previous year. In general, the import price recorded a drastic downturn. The growth pace was the most rapid in 2014 when the average import price increased by 163%. The import price peaked at $14,077 per ton in 2015; however, from 2016 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 Australia amounted to +3.3% per year.
Price for Frozen Boneless Cuts of Bovine Meat in Nepal (FOB) - 2022
In 2022, the average export price for frozen boneless cuts of bovine meat amounted to $454 per ton, dropping by -19% against the previous year. Over the period under review, the export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 an increase of 14% against the previous year. Over the period under review, the average export prices attained the peak figure at $1,552 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Myanmar ($483 per ton), while the average price for exports to Thailand ($409 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 Lao People's Democratic Republic (+15.0%), while the prices for the other major destinations experienced a decline.
Imports of Frozen Boneless Cuts of Bovine Meat in Nepal
Imports of frozen boneless cuts of bovine meat into Nepal fell remarkably to 40 tons in 2022, reducing by -84.7% against the year before. In general, imports recorded a dramatic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 285%. As a result, imports reached the peak of 262 tons, and then dropped markedly in the following year.
In value terms, imports of frozen boneless cuts of bovine meat fell sharply to $50K in 2022. Overall, imports faced a precipitous setback. The pace of growth appeared the most rapid in 2021 when imports increased by 297% against the previous year. As a result, imports attained the peak of $385K, and then contracted markedly in the following year.
| Import of Frozen Boneless Cuts of Bovine Meat in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 265 | 97.0 | 385 | 50.0 | -42.6% |
| Others | 19.4 | N/A | N/A | N/A | 0% |
| Total | 285 | 97.0 | 385 | 50.0 | -44.0% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Nepal in 2022:
- India (40.0 tons)
Exports of Frozen Boneless Cuts of Bovine Meat in Nepal
In 2022, overseas shipments of frozen boneless cuts of bovine meat increased by 31% to 292 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a precipitous contraction.
In value terms, exports of frozen boneless cuts of bovine meat expanded remarkably to $133K in 2022. In general, exports, however, faced a precipitous slump.
| Export of Frozen Boneless Cuts of Bovine Meat in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 400 | 59.5 | 82.2 | 75.1 | -42.7% |
| Vietnam | 461 | 58.0 | 28.7 | 44.2 | -54.2% |
| Thailand | 44.8 | 14.4 | 14.6 | 13.3 | -33.3% |
| Others | N/A | 7.9 | N/A | N/A | 0% |
| Total | 906 | 140 | 125 | 133 | -47.2% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Nepal in 2022:
- Myanmar (155.7 tons)
- Vietnam (103.7 tons)
- Thailand (32.5 tons)
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