Nepal: Refined Maize Oil Market 2024

Refined Maize Oil Market Size in Nepal

The Nepalese refined maize oil market reduced slightly to $X in 2022, approximately reflecting the previous year. Over the period under review, the total consumption indicated a temperate 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 2020 indices. Refined maize oil consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Refined Maize Oil Production in Nepal

In value terms, refined maize oil production reduced to $X in 2022 estimated in export price. Over the period under review, the total production indicated a measured 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 increased by X% against 2018 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Refined Maize Oil Exports

Exports from Nepal

In 2022, overseas shipments of refined maize (corn) oil were finally on the rise to reach X kg after two years of decline. Overall, exports, however, faced a abrupt slump. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, refined maize oil exports rose markedly to $X in 2022. In general, exports, however, showed a deep slump. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X kg) was the main destination for refined maize oil exports from Nepal, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to China stood at X%.

In value terms, China ($X) also remains the key foreign market for refined maize (corn) oil exports from Nepal.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled X%.

Export Prices by Country

The average refined maize oil export price stood at $X per ton in 2022, stabilizing at the previous year. Overall, export price indicated resilient growth from 2012 to 2022: its price 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, refined maize oil export price increased by X% against 2012 indices. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then fell slightly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Refined Maize Oil Imports

Imports into Nepal

In 2022, supplies from abroad of refined maize (corn) oil increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports showed a moderate expansion. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, refined maize oil imports surged to $X in 2022. In general, imports showed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia (X tons), China (X tons) and Turkey (X tons) were the main suppliers of refined maize oil imports to Nepal, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest refined maize oil suppliers to Nepal were Malaysia ($X), China ($X) and Turkey ($X), together comprising X% of total imports.

Among the main suppliers, China, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average refined maize oil import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price 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, refined maize oil import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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