Nepal: Processed Meat Market 2024

Processed Meat Market Size in Nepal

The Nepalese processed meat market declined slightly to $X in 2022, shrinking by X% against the previous year. Overall, consumption saw a perceptible reduction. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Processed Meat Production in Nepal

In value terms, processed meat production fell modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a slight reduction. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Processed Meat Exports

Exports from Nepal

In 2022, shipments abroad of processed meat was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, processed meat exports expanded notably to $X in 2022. Over the period under review, exports, however, continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for processed meat exports from Nepal, with a X% share of total exports. Moreover, processed meat exports to India exceeded the volume sent to the second major destination, Malaysia (X tons), fivefold. The third position in this ranking was held by the UK (X kg), with a X% share.

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

In value terms, India ($X) remains the key foreign market for processed meat exports from Nepal, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Denmark, with a X% share.

From 2012 to 2022, the average annual growth rate of value to India totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Denmark (X% per year).

Export Prices by Country

The average processed meat export price stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price, however, saw buoyant growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to India ($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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Processed Meat Imports

Imports into Nepal

For the fourth year in a row, Nepal recorded decline in supplies from abroad of processed meat, which decreased by X% to X tons in 2022. Over the period under review, imports faced a deep setback. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, processed meat imports fell rapidly to $X in 2022. In general, imports showed a deep contraction. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of processed meat to Nepal, with a X% share of total imports. Moreover, processed meat imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by Australia (X tons), with a X% share.

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

In value terms, Australia ($X), Italy ($X) and China ($X) were the largest processed meat suppliers to Nepal, together accounting for X% of total imports. India, South Korea and Thailand lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The average processed meat import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, import price indicated a noticeable 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, processed meat import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of X%. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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