Price for Pectic Substances; Pectinates and Pectates in Nepal - 2022
Contents:
- Price for Pectic Substances; Pectinates and Pectates in Nepal (CIF) - 2022
- Imports of Pectic Substances; Pectinates and Pectates in Nepal
Price for Pectic Substances; Pectinates and Pectates in Nepal (CIF) - 2022
In 2022, the average import price for pectic substances; pectinates and pectateses amounted to $10,998 per ton, dropping by -3.1% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average import price increased by 40%. The import price peaked at $19,835 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($13,390 per ton) and China ($10,961 per ton), while the price for Germany ($10,094 per ton) and Brazil ($10,662 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+22.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Pectic Substances; Pectinates and Pectates in Nepal
In 2022, approx. 30 tons of pectic substances; pectinates and pectateses were imported into Nepal; with an increase of 46% against the previous year. Overall, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, pectic substances; pectinates and pectates imports soared to $328K in 2022. Over the period under review, imports saw pronounced growth. The most prominent rate of growth was recorded in 2021 when imports increased by 64%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Pectic Substances; Pectinates and Pectates in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 60.3 | 20.3 | 83.6 | 124 | 27.2% |
| Brazil | N/A | N/A | N/A | 85.3 | 0% |
| Germany | 62.5 | N/A | 70.9 | 56.5 | -3.3% |
| India | 157 | 57.6 | 74.1 | 46.2 | -33.5% |
| Bangladesh | N/A | 4.0 | 3.5 | 15.8 | 98.7% |
| Others | 5.2 | 59.5 | N/A | N/A | 1044.2% |
| Total | 285 | 141 | 232 | 328 | 4.8% |
Top Suppliers of Pectic Substances; Pectinates and Pectates to Nepal in 2022:
- China (11.3 tons)
- Brazil (8.0 tons)
- Germany (5.6 tons)
- India (3.5 tons)
- Bangladesh (1.4 tons)
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