Report Update Apr 1, 2024

Nepal - Bananas and Plantains - Market Analysis, Forecast, Size, Trends and Insights

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Nepal: Banana And Plantain Market 2024

Banana And Plantain Market Size in Nepal

The Nepalese banana and plantain market dropped to $X in 2022, waning by X% against the previous year. In general, consumption, however, showed resilient growth. Banana and plantain consumption peaked at $X in 2021, and then reduced in the following year.

Banana And Plantain Production in Nepal

In value terms, banana and plantain production contracted modestly to $X in 2022 estimated in export price. Overall, production, however, recorded strong growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Banana and plantain production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

In 2022, the average banana and plantain yield in Nepal shrank slightly to X tons per ha, waning by X% against 2021 figures. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. The banana and plantain yield peaked at X tons per ha in 2019; however, from 2020 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The banana and plantain harvested area in Nepal amounted to X ha in 2022, flattening at the previous year. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 when the harvested area increased by X%. The banana and plantain harvested area peaked at X ha in 2020; afterwards, it flattened through to 2022.

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Banana And Plantain Exports

Exports from Nepal

In 2022, the amount of bananas and plantains exported from Nepal reduced remarkably to X tons, with a decrease of X% on 2021. Overall, exports, however, saw a prominent increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then declined significantly in the following year.

In value terms, banana and plantain exports surged to $X in 2022. In general, exports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Qatar (X tons) and India (X tons) were the main destinations of banana and plantain exports from Nepal.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of X%).

In value terms, Qatar ($X) emerged as the key foreign market for bananas and plantains exports from Nepal, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports.

From 2013 to 2022, the average annual growth rate of value to Qatar stood at X%.

Export Prices by Country

In 2022, the average banana and plantain export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price posted tangible growth. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to India stood at $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%).

Banana And Plantain Imports

Imports into Nepal

In 2022, after four years of growth, there was significant decline in overseas purchases of bananas and plantains, when their volume decreased by X% to X tons. Over the period under review, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then fell significantly in the following year.

In value terms, banana and plantain imports contracted notably to $X in 2022. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2021, and then fell notably in the following year.

Imports by Country

In 2022, India (X tons) was the main banana and plantain supplier to Nepal, with a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled X%.

In value terms, India ($X) constituted the largest supplier of bananas and plantains to Nepal.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to X%.

Import Prices by Country

The average banana and plantain import price stood at $X per ton in 2022, waning by X% against the previous year. In general, the import price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2017 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 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 India amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bananas and plantains in the world?

India remains the largest banana and plantain consuming country worldwide, comprising approx. 19% of total volume. Moreover, banana and plantain consumption in India exceeded the figures recorded by the second-largest consumer, China, twofold. Uganda ranked third in terms of total consumption with a 5.6% share.

What are the largest producers of bananas and plantains in the world?

India constituted the country with the largest volume of banana and plantain production, accounting for 19% of total volume. Moreover, banana and plantain production in India exceeded the figures recorded by the second-largest producer, China, threefold. Uganda ranked third in terms of total production with a 5.7% share.

What are the leading suppliers of bananas and plantains to Nepal?

In value terms, India constituted the largest supplier of bananas and plantains to Nepal.

What are the leading importers of bananas and plantains from Nepal?

In value terms, Qatar emerged as the key foreign market for bananas and plantains exports from Nepal, comprising 95% of total exports. The second position in the ranking was taken by India $201), with a 4.5% share of total exports.

What is the average export price for bananas and plantains in Nepal?

In 2022, the average banana and plantain export price amounted to $861 per ton, growing by 386% against the previous year.

What is the average import price for bananas and plantains in Nepal?

The average banana and plantain import price stood at $145 per ton in 2022, falling by -43.7% against the previous year.

This report provides an in-depth analysis of the banana and plantain market in Nepal. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 486 - Bananas
FCL 489 - Plantains

Country coverage:

Nepal

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nepal
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023