Price for Meat of Bovine Animals; Frozen in Nepal - 2022
Contents:
- Price for Meat of Bovine Animals; Frozen in Nepal (CIF) - 2022
- Price for Meat of Bovine Animals; Frozen in Nepal (FOB) - 2022
- Imports of Meat of Bovine Animals; Frozen in Nepal
- Exports of Meat of Bovine Animals; Frozen in Nepal
Price for Meat of Bovine Animals; Frozen in Nepal (CIF) - 2022
The average import price for meat of bovine animals; frozen stood at $1,251 per ton in 2022, dropping by -6.4% against the previous year. Overall, the import price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2018 when the average import price increased by 20% against the previous year. The import price peaked at $2,466 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 +0.4% per year.
Price for Meat of Bovine Animals; Frozen in Nepal (FOB) - 2022
The average export price for meat of bovine animals; frozen stood at $461 per ton in 2022, which is down by -16.9% against the previous year. Over the period under review, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 14% against the previous year. The export price peaked at $1,610 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Myanmar ($490 per ton) and Hong Kong SAR ($437 per ton), while the average price for exports to Thailand ($415 per ton) and Vietnam ($432 per ton) were 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 (-2.8%), while the prices for the other major destinations experienced a decline.
Imports of Meat of Bovine Animals; Frozen in Nepal
In 2022, imports of meat of bovine animals; frozen into Nepal dropped notably to 40 tons, with a decrease of -87.1% against the previous year's figure. Over the period under review, imports continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2021 with an increase of 331%. As a result, imports attained the peak of 311 tons, and then reduced remarkably in the following year.
In value terms, meat of bovine animals; frozen imports dropped significantly to $50K in 2022. Overall, imports showed a dramatic contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 298%. As a result, imports attained the peak of $416K, and then shrank significantly in the following year.
| Import of Meat of Bovine Animals; Frozen in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 256 | 87.0 | 397 | 50.0 | -42.0% |
| Others | 20.4 | 17.5 | 19.1 | N/A | -3.2% |
| Total | 276 | 105 | 416 | 50.0 | -43.4% |
Top Suppliers of Meat of Bovine Animals; Frozen to Nepal in 2022:
- India (40.0 tons)
Exports of Meat of Bovine Animals; Frozen in Nepal
In 2022, exports of meat of bovine animals; frozen from Nepal rose markedly to 320 tons, growing by 15% on the previous year's figure. In general, exports, however, continue to indicate a sharp curtailment. The growth pace was the most rapid in 2021 with an increase of 24%.
In value terms, meat of bovine animals; frozen exports contracted to $147K in 2022. Over the period under review, exports, however, saw a sharp decline. The growth pace was the most rapid in 2021 with an increase of 11% against the previous year.
| Export of Meat of Bovine Animals; Frozen in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 392 | 58.9 | 93.5 | 79.8 | -41.2% |
| Vietnam | 452 | 57.4 | 40.3 | 49.6 | -52.1% |
| Thailand | 44.0 | 14.3 | 16.6 | 14.1 | -31.6% |
| Hong Kong SAR | 15.6 | 7.8 | 4.0 | 3.4 | -39.8% |
| Others | 1.3 | 1.5 | 0.4 | 0.4 | -32.5% |
| Total | 906 | 140 | 155 | 147 | -45.5% |
Top Export Markets for Meat of Bovine Animals; Frozen from Nepal in 2022:
- Myanmar (162.9 tons)
- Vietnam (114.8 tons)
- Thailand (34.0 tons)
- Hong Kong SAR (7.9 tons)
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