Wine Lees; Argol Price in Nepal - 2022

Wine Lees; Argol Price in Nepal (CIF) - 2022

In 2022, the average wine lees; argol import price amounted to $1,336 per ton, reducing by -48.8% against the previous year. In general, the import price saw a drastic downturn. The growth pace was the most rapid in 2019 when the average import price increased by 82% against the previous year. As a result, import price reached the peak level of $5,095 per ton. From 2020 to 2022, the average 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 -8.1% per year.

Wine Lees; Argol Imports in Nepal

In 2022, overseas purchases of wine lees; argol decreased by -88.5% to 500 kg, falling for the second year in a row after two years of growth. Overall, imports saw a sharp shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 43%. As a result, imports attained the peak of 6 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, wine lees; argol imports fell notably to $668 in 2022. In general, imports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2020 when imports increased by 2.4% against the previous year. As a result, imports attained the peak of $22K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.