Nepal: Mustard Seed Market 2024

Mustard Seed Market Size in Nepal

In 2022, the Nepalese mustard seed market decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. In general, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2017 indices. Mustard seed consumption peaked at $X in 2021, and then dropped slightly in the following year.

Mustard Seed Production in Nepal

In value terms, mustard seed production fell to $X in 2022 estimated in export price. Overall, the total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

In 2022, the average mustard seed yield in Nepal shrank to X tons per ha, approximately reflecting 2021. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the average mustard seed yield attained the maximum level at X tons per ha in 2021, and then shrank slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of mustard seed were harvested in Nepal; leveling off at 2021. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha. From 2020 to 2022, the growth of the mustard seed harvested area failed to regain momentum.

Mustard Seed Exports

Exports from Nepal

In 2018, the amount of mustard seed exported from Nepal dropped markedly to X tons, which is down by X% compared with the year before. Over the period under review, exports faced a sharp curtailment. The smallest decline of X% was in 2017. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2018, the exports stood at a somewhat lower figure.

In value terms, mustard seed exports contracted rapidly to $X in 2018. In general, exports continue to indicate a precipitous decline. The smallest decline of X% was in 2017. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2018, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for mustard seed exports from Nepal, with a approx. X% share of total exports.

From 2016 to 2018, the average annual rate of growth in terms of volume to China totaled X%.

In value terms, China ($X) also remains the key foreign market for mustard seed exports from Nepal.

From 2016 to 2018, the average annual rate of growth in terms of value to China stood at X%.

Export Prices by Country

The average mustard seed export price stood at $X per ton in 2018, which is down by X% against the previous year. Overall, the export price recorded a slight contraction. The growth pace was the most rapid in 2017 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced in the following year.

As there is only one major export destination, the average price level is determined by prices for China.

From 2016 to 2018, the rate of growth in terms of prices for China amounted to X% per year.

Mustard Seed Imports

Imports into Nepal

In 2022, purchases abroad of mustard seed decreased by X% to X tons, falling for the second year in a row after four years of growth. Over the period under review, imports, however, showed strong growth. The growth pace was the most rapid in 2017 when imports increased by X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, mustard seed imports rose rapidly to $X in 2022. Overall, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, India (X tons) was the main supplier of mustard seed to Nepal, with a X% share of total imports. It was followed by Russia (X tons), with a X% share of total imports.

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

In value terms, India ($X) constituted the largest supplier of mustard seed to Nepal, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from India stood at X%.

Import Prices by Country

In 2022, the average mustard seed import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price continues to indicate a mild expansion. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for Russia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%).

Source: IndexBox Platform

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