Cereals; Millet Price in Nepal - 2022
Contents:
Cereals; Millet Price in Nepal (CIF) - 2022
The average cereals; millet import price stood at $317 per ton in 2022, picking up by 8.6% against the previous year. In general, the import price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 an increase of 8.6% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
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 +8.6% per year.
Cereals; Millet Imports in Nepal
For the fourth consecutive year, Nepal recorded growth in purchases abroad of cereals; millets, which increased by 11% to 111K tons in 2022. The total import volume increased at an average annual rate of +10.5% 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 11% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, cereals; millet imports skyrocketed to $35M in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.0% 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 +72.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 20%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Cereals; Millet in Nepal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 20.4 | 24.5 | 29.4 | 35.3 | 20.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 20.4 | 24.5 | 29.4 | 35.3 | 20.1% |
Top Suppliers of Cereals; Millet to Nepal in 2022:
- India (111.4K tons)
947
This report provides an in-depth analysis of the millet market in Nepal.
656
This report provides an in-depth analysis of the buckwheat market in Nepal.
164
This report provides an in-depth analysis of the canary seed market in Nepal.
116
This report provides an in-depth analysis of the fonio market in Nepal.
138
This report provides an in-depth analysis of the quinoa market in Nepal.
190
This report provides an in-depth analysis of the triticale market in Nepal.
90
This report provides an in-depth analysis of the other cereals market in Nepal.
796
This report provides an in-depth analysis of the cereal market in Nepal.
267
This report provides an in-depth analysis of the grain market in Nepal.
304
This report provides an in-depth analysis of the grain market in Nepal.
5750
Global millet consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
2862
In 2015, the country with the largest volume of the millet output was India (X thousand tons), accounting for X% of global production.
1921
The U.S. continues its dominance in the global millet trade. In 2014, the U.S. exported X thousand tons of millet totaling X million USD, X% over the previous year. Its primary trading partner was Canada, where it supplied X% of its total millet
939
In the immediate term, the global buckwheat market may face a shortage due to an export ban introduced in Russia. The country, being the largest producer and exporter of buckwheat, restricted exporting unprocessed buckwheat, coarsely ground buckwheat groats, and crushed buckwheat grain from June 5, 2021, to August 31. Russia took this step to preserve the volumes of the buckwheat grain for its domestic consumption and prevent a spike in prices inside the country. China, Latvia and Ukraine featured the most prominent increases in imports from Russia in 2021.
6892
Global buckwheat consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
3243
Global buckwheat exports amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
3231
Global buckwheat imports amounted to X thousand tons in 2015, going up by +X% against the previous year level.
2333
In 2015, the countries with the highest levels of production in 2015 were Russia (X thousand tons), China (X thousand tons), France (X thousand tons), together accounting for X% of total output.
3689
In 2015, gross yield of buckwheat in the world increased after the fall of 2013-2014. Production volumes are increasing in Russia, as well as in China, together accounting for two thirds of global production. According to e
1904
The Mongozo Buckwheat White recently won gold at the World Beer Awards in London. Brewed with unique ingredients, the Buckwheat White is praised for its fresh and fruity aroma and smooth aftertaste. Most importantly, it is gluten-free, and is, therefor
