Nepal: Meat Market 2024

Meat Market Size in Nepal

After ten years of growth, the Nepalese meat market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Meat consumption peaked at $X in 2021, and then contracted modestly in the following year.

Meat Production in Nepal

In value terms, meat production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average meat yield in Nepal amounted to X kg per head, with an increase of X% compared with the year before. Over the period under review, the yield, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The meat yield peaked at X kg per head in 2018; however, from 2019 to 2022, the yield remained at a lower figure.

In 2022, number of animals slaughtered for meat production in Nepal shrank to X heads, falling by X% against 2021. This number increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The number of animals slaughtered for meat production peaked at X heads in 2021, and then fell slightly in the following year.

Meat Exports

Exports from Nepal

In 2022, overseas shipments of meat increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports, however, recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, meat exports reduced to $X in 2022. In general, exports, however, showed a dramatic contraction. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam (X tons), Myanmar (X tons) and Thailand (X tons) were the main destinations of meat exports from Nepal.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, Vietnam ($X), Myanmar ($X) and Thailand ($X) appeared to be the largest markets for meat exported from Nepal worldwide.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average meat export price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X 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 Vietnam ($X per ton), while the average price for exports to Thailand ($X 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 (X%), while the prices for the other major destinations experienced a decline.

Meat Imports

Imports into Nepal

In 2022, approx. X tons of meat were imported into Nepal; waning by X% compared with the year before. Over the period under review, imports showed a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, meat imports reduced dramatically to $X in 2022. In general, imports showed a noticeable reduction. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of meat to Nepal, accounting for a X% share of total imports. Moreover, meat imports from India exceeded the figures recorded by the second-largest supplier, Thailand (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Australia (X% per year).

In value terms, the largest meat suppliers to Nepal were Australia ($X), India ($X) and Thailand ($X), together comprising X% of total imports.

Among the main suppliers, Thailand, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average meat import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price showed perceptible growth. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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