Nepal: Root And Tuber Market 2024

Root And Tuber Market Size in Nepal

After four years of growth, the Nepalese root and tuber market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Root and tuber consumption peaked at $X in 2021, and then dropped slightly in the following year.

Root And Tuber Production in Nepal

In value terms, root and tuber production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The average yield of roots and tubers in Nepal contracted slightly to X tons per ha in 2022, remaining relatively unchanged against the previous year's figure. The yield figure 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 observed in certain years. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the average root and tuber yield hit record highs at X tons per ha in 2021, and then dropped modestly 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.

The root and tuber harvested area in Nepal reduced to X ha in 2022, with a decrease of X% on 2021 figures. In general, the harvested area, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The root and tuber harvested area peaked at X ha in 2014; however, from 2015 to 2022, the harvested area remained at a lower figure.

Root And Tuber Exports

Exports from Nepal

In 2022, root and tuber exports from Nepal fell dramatically to X tons, declining by X% compared with the previous year. Over the period under review, exports showed a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, root and tuber exports shrank markedly to $X in 2022. Overall, exports continue to indicate a noticeable slump. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then shrank markedly in the following year.

Exports by Country

India (X tons) was the main destination for root and tuber exports from Nepal, with a X% share of total exports. Moreover, root and tuber exports to India exceeded the volume sent to the second major destination, the UK (X tons), threefold. The third position in this ranking was taken by Qatar (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to India stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Qatar (X% per year).

In value terms, China ($X), India ($X) and the UK ($X) constituted the largest markets for root and tuber exported from Nepal worldwide, together accounting for X% of total exports.

China, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average root and tuber export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price, however, recorded a buoyant increase. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell sharply in the following year.

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 China ($X per ton), while the average price for exports to Qatar ($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 China (X%), while the prices for the other major destinations experienced mixed trend patterns.

Root And Tuber Imports

Imports into Nepal

In 2022, the amount of roots and tubers imported into Nepal contracted to X tons, waning by X% on 2021. Overall, total imports indicated a prominent expansion from 2012 to 2022: its volume 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, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2021, and then reduced in the following year.

In value terms, root and tuber imports fell to $X in 2022. Over the period under review, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, India (X tons) was the main root and tuber supplier to Nepal, accounting for a X% share of total imports. Moreover, root and tuber imports from India exceeded the figures recorded by the second-largest supplier, Bangladesh (X tons), more than tenfold.

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

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

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

Import Prices by Country

The average root and tuber import price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, import price indicated a slight 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, root and tuber import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat 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 Bangladesh amounted to $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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