Cereals; Oats, Seeds Price in Nepal - 2022
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Cereals; Oats, Seeds Price in Nepal (CIF) - 2022
In 2022, the average cereals; oats, seeds import price amounted to $549 per ton, flattening at the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 87%. As a result, import price reached the peak level of $660 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
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 -0.4% per year.
Cereals; Oats, Seeds Imports in Nepal
In 2022, approx. 3 tons of cereals; oats, seedses were imported into Nepal; remaining relatively unchanged against the previous year. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +18.2% 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 +65.2% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 39% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, cereals; oats, seeds imports stood at $1.7K in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.6% 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 +50.6% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Cereals; Oats, Seeds in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.1 | 1.3 | 1.6 | 1.7 | 15.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.1 | 1.3 | 1.6 | 1.7 | 15.6% |
Top Suppliers of Cereals; Oats, Seeds to Nepal in 2022:
- India (3.0 tons)
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