Price for Cereal Groats; Meal and Pellets in Nepal - 2022
Contents:
- Price for Cereal Groats; Meal and Pellets in Nepal (CIF) - 2022
- Price for Cereal Groats; Meal and Pellets in Nepal (FOB) - 2022
- Imports of Cereal Groats; Meal and Pellets in Nepal
- Exports of Cereal Groats; Meal and Pellets in Nepal
Price for Cereal Groats; Meal and Pellets in Nepal (CIF) - 2022
In 2022, the average import price for cereal groats; meal and pelletses amounted to $409 per ton, with an increase of 20% against the previous year. Over the last decade, it increased at an average annual rate of +4.7%. The most prominent rate of growth was recorded in 2013 an increase of 21%. The import price peaked at $419 per ton in 2019; however, from 2020 to 2022, 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 ($411 per ton), while the price for South Africa ($298 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereal Groats; Meal and Pellets in Nepal (FOB) - 2022
The average export price for cereal groats; meal and pelletses stood at $704 per ton in 2022, with an increase of 3.4% against the previous year. In general, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal groats; meal and pellets export price increased by +79.9% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 42% against the previous year. The export price peaked at $716 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2,621 per ton), while the average price for exports to China ($264 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 (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereal Groats; Meal and Pellets in Nepal
Cereal groats; meal and pellets imports into Nepal reduced sharply to 2.4K tons in 2022, waning by -35.2% against the previous year. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 57%. As a result, imports attained the peak of 3.6K tons, and then declined rapidly in the following year.
In value terms, cereal groats; meal and pellets imports dropped remarkably to $966K in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 53% against the previous year. As a result, imports attained the peak of $1.2M, and then contracted dramatically in the following year.
| Import of Cereal Groats; Meal and Pellets in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 959 | 795 | 1,228 | 948 | -0.4% |
| Others | 19.9 | 17.9 | 15.8 | 17.4 | -4.4% |
| Total | 979 | 813 | 1,244 | 966 | -0.4% |
Top Suppliers of Cereal Groats; Meal and Pellets to Nepal in 2022:
- India (2.3K tons)
Exports of Cereal Groats; Meal and Pellets in Nepal
Cereal groats; meal and pellets exports from Nepal surged to 156 tons in 2022, rising by 84% compared with the year before. In general, exports, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 284%.
In value terms, cereal groats; meal and pellets exports soared to $110K in 2022. Overall, exports recorded resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 287% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.
| Export of Cereal Groats; Meal and Pellets in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | N/A | N/A | N/A | 57.1 | 0% |
| China | 63.5 | 8.2 | 25.9 | 19.1 | -33.0% |
| United States | 1.9 | 1.3 | 21.8 | 17.3 | 108.8% |
| Canada | 0.3 | 0.1 | 1.0 | 5.9 | 169.9% |
| United Kingdom | 2.7 | 2.0 | 4.0 | 4.3 | 16.8% |
| India | 5.1 | 0.8 | 3.3 | 3.1 | -15.3% |
| Australia | 18.5 | 1.5 | 0.1 | 2.1 | -51.6% |
| Others | 0.7 | 0.9 | 1.6 | 0.8 | 4.6% |
| Total | 92.7 | 14.9 | 57.7 | 110 | 5.9% |
Top Export Markets for Cereal Groats; Meal and Pellets from Nepal in 2022:
- China (72.5 tons)
- Malaysia (57.3 tons)
- Canada (9.2 tons)
- United States (6.6 tons)
- India (6.6 tons)
- United Kingdom (2.4 tons)
- Australia (1.1 tons)
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