Price for Fresh or Chilled Cabbage Lettuce in Nepal - 2022

Contents:

  1. Price for Fresh or Chilled Cabbage Lettuce in Nepal (FOB) - 2022
  2. Price for Fresh or Chilled Cabbage Lettuce in Nepal (CIF) - 2022
  3. Exports of Fresh or Chilled Cabbage Lettuce in Nepal
  4. Imports of Fresh or Chilled Cabbage Lettuce in Nepal

Price for Fresh or Chilled Cabbage Lettuce in Nepal (FOB) - 2022

In 2022, the average export price for fresh or chilled cabbage lettuce amounted to $552 per ton, surging by 3.5% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 7.2%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($4,162 per ton), while the average price for exports to India totaled $184 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+3.4%).

Price for Fresh or Chilled Cabbage Lettuce in Nepal (CIF) - 2022

The average import price for fresh or chilled cabbage lettuce stood at $959 per ton in 2022, waning by -8.7% against the previous year. Over the period under review, the import price continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 42% against the previous year. The import price peaked at $1,852 per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 -1.8% per year.

Exports of Fresh or Chilled Cabbage Lettuce in Nepal

In 2022, fresh or chilled cabbage lettuce exports from Nepal soared to 65 tons, jumping by 15% against 2021. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +15.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.1% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, fresh or chilled cabbage lettuce exports surged to $36K in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +19.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.8% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Fresh or Chilled Cabbage Lettuce in Nepal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Singapore14.517.320.925.019.9%
India6.67.89.210.918.2%
OthersN/A0.1N/AN/A0%
Total21.125.230.135.919.4%

Top Export Markets for Fresh or Chilled Cabbage Lettuce from Nepal in 2022:

  1. India (59.0 tons)
  2. Singapore (6.0 tons)

Imports of Fresh or Chilled Cabbage Lettuce in Nepal

For the third year in a row, Nepal recorded decline in supplies from abroad of fresh or chilled cabbage lettuce, which decreased by -51.3% to 688 kg in 2022. Overall, imports continue to indicate a precipitous decline.

In value terms, fresh or chilled cabbage lettuce imports contracted significantly to $660 in 2022. Over the period under review, imports recorded a sharp downturn.

Import of Fresh or Chilled Cabbage Lettuce in Nepal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India23.67.61.50.7-69.0%
OthersN/AN/AN/AN/A0%
Total23.67.61.50.7-69.0%

Top Suppliers of Fresh or Chilled Cabbage Lettuce to Nepal in 2022:

  1. India (688.0 kg)

Source: IndexBox Market Intelligence Platform

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