Price for Fats and Oils and Their Fractions; of Marine Mammals in Nepal - 2022

Contents:

  1. Price for Fats and Oils and Their Fractions; of Marine Mammals in Nepal (CIF) - 2022
  2. Imports of Fats and Oils and Their Fractions; of Marine Mammals in Nepal

Price for Fats and Oils and Their Fractions; of Marine Mammals in Nepal (CIF) - 2022

The average import price for fats and oils and their fractions; of marine mammalses stood at $4,500 per ton in 2022, falling by -62% against the previous year. Overall, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2015 when the average import price increased by 28%. The import price peaked at $18,333 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +4.3% per year.

Imports of Fats and Oils and Their Fractions; of Marine Mammals in Nepal

In 2022, purchases abroad of fats and oils and their fractions; of marine mammalses decreased by -66.7% to 2 kg, falling for the second consecutive year after two years of growth. In general, imports faced a sharp setback. The pace of growth appeared the most rapid in 2020 with an increase of 75% against the previous year. As a result, imports reached the peak of 7 kg. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of fats and oils and their fractions; of marine mammalses dropped sharply to $9 in 2022. Overall, imports recorded a precipitous decrease. The pace of growth was the most pronounced in 2020 when imports increased by 59% against the previous year. As a result, imports attained the peak of $89. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Fats and Oils and Their Fractions; of Marine Mammals in Nepal (USD)
COUNTRY2019202020212022CAGR,
2019-2022
AustraliaN/AN/AN/A9.00%
IndiaN/A5.0N/AN/A0%
United States56.084.071.0N/A12.6%
OthersN/AN/AN/AN/A0%
Total56.089.071.09.0-45.6%

Top Suppliers of Fats and Oils and Their Fractions; of Marine Mammals to Nepal in 2022:

  1. Australia (2.0 kg)

Source: IndexBox Market Intelligence Platform

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