Brown Rice Price in Nepal - 2022
Contents:
- Brown Rice Price in Nepal (CIF) - 2022
- Brown Rice Price in Nepal (FOB) - 2022
- Brown Rice Imports in Nepal
- Brown Rice Exports in Nepal
Brown Rice Price in Nepal (CIF) - 2022
In 2022, the average brown rice import price amounted to $658 per ton, reducing by -24.4% against the previous year. Overall, the import price, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2021 an increase of 49% against the previous year. As a result, import price reached the peak level of $871 per ton, and then dropped significantly in the following year.
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 Thailand ($865 per ton), while the price for India totaled $379 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Brown Rice Price in Nepal (FOB) - 2022
In 2022, the average brown rice export price amounted to $709 per ton, shrinking by -31.1% against the previous year. Overall, the export price, however, recorded a notable expansion. The growth pace was the most rapid in 2014 an increase of 209%. The export price peaked at $1,474 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($711 per ton), while the average price for exports to Canada amounted to $699 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+3.8%), while the prices for the other major destinations experienced a decline.
Brown Rice Imports in Nepal
For the third year in a row, Nepal recorded decline in supplies from abroad of husked (brown) rice, which decreased by -96.7% to 890 kg in 2022. In general, imports showed a dramatic descent. The smallest decline of -39.8% was in 2021.
In value terms, brown rice imports contracted notably to $586 in 2022. Over the period under review, imports recorded a sharp slump. The smallest decline of -10.2% was in 2021.
| Import of Brown Rice in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 0.5 | 0.4 | 0.7 | 0.4 | -7.2% |
| India | 121 | 3.9 | 3.8 | 0.2 | -88.2% |
| United States | 85.2 | 21.1 | 17.2 | N/A | -55.1% |
| Others | 1.0 | 0.6 | 1.6 | N/A | 26.5% |
| Total | 208 | 26.0 | 23.3 | 0.6 | -85.8% |
Top Suppliers of Brown Rice to Nepal in 2022:
- Thailand (452.0 kg)
- India (425.0 kg)
Brown Rice Exports in Nepal
In 2022, overseas shipments of husked (brown) rice were finally on the rise to reach 657 kg after two years of decline. In general, exports, however, saw a sharp setback.
In value terms, brown rice exports totaled $466 in 2022. Over the period under review, exports, however, continue to indicate a dramatic descent.
| Export of Brown Rice in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 8.0 | 0.4 | 0.1 | 0.4 | -63.2% |
| Canada | 0.1 | N/A | N/A | 0.1 | 0.0% |
| United States | N/A | N/A | 0.3 | N/A | 0% |
| Others | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Total | 8.2 | 0.5 | 0.5 | 0.5 | -60.6% |
Top Export Markets for Brown Rice from Nepal in 2022:
- South Korea (584.0 kg)
- Canada (73.0 kg)
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