Price for Cereals; Millet, Other than Seed in Nepal - 2022
Contents:
- Price for Cereals; Millet, Other than Seed in Nepal (CIF) - 2022
- Price for Cereals; Millet, Other than Seed in Nepal (FOB) - 2022
- Imports of Cereals; Millet, Other than Seed in Nepal
- Exports of Cereals; Millet, Other than Seed in Nepal
Price for Cereals; Millet, Other than Seed in Nepal (CIF) - 2022
The average import price for cereals; millet, other than seeds stood at $278 per ton in 2022, with a decrease of -2% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 9.8%. The import price peaked at $284 per ton in 2021, and then dropped in the following year.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +0.9% per year.
Price for Cereals; Millet, Other than Seed in Nepal (FOB) - 2022
In 2022, the average export price for cereals; millet, other than seeds amounted to $1,825 per ton, picking up by 67% against the previous year. Overall, the export price posted a prominent increase. Over the period under review, the average export prices hit record highs at $1,855 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($2,529 per ton), while the average price for exports to Hong Kong SAR amounted to $939 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Millet, Other than Seed in Nepal
In 2022, after three years of growth, there was significant decline in overseas purchases of cereals; millet, other than seeds, when their volume decreased by -11% to 19K tons. The total import volume increased at an average annual rate of +10.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 28% against the previous year.
In value terms, cereals; millet, other than seed imports fell to $5.3M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +12.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 40% against the previous year.
| Import of Cereals; Millet, Other than Seed in Nepal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.7 | 5.1 | 6.1 | 5.3 | 12.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.7 | 5.1 | 6.1 | 5.3 | 12.7% |
Top Suppliers of Cereals; Millet, Other than Seed to Nepal in 2022:
- India (19.0K tons)
Exports of Cereals; Millet, Other than Seed in Nepal
Cereals; millet, other than seed exports from Nepal surged to 11 tons in 2022, jumping by 472% against 2021. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, cereals; millet, other than seed exports skyrocketed to $21K in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Millet, Other than Seed in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1.6 | 0.9 | 0.2 | 16.1 | 115.9% |
| Hong Kong SAR | N/A | 1.0 | 0.1 | 4.8 | 119.1% |
| South Korea | 1.4 | 1.9 | 1.7 | N/A | 10.2% |
| United Kingdom | 0.8 | 0.3 | 0.1 | N/A | -64.6% |
| Others | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Total | 3.8 | 4.1 | 2.2 | 20.9 | 76.5% |
Top Export Markets for Cereals; Millet, Other than Seed from Nepal in 2022:
- Japan (6.4 tons)
- Hong Kong SAR (5.1 tons)
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