Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Nepal - 2022

Contents:

  1. Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Nepal (CIF) - 2022
  2. Imports of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Nepal

Price for Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Nepal (CIF) - 2022

The average import price for frozen sheep (excluding lamb) carcasses and half-carcasseses stood at $6,507 per ton in 2022, dropping by -2.1% against the previous year. Overall, the import price, however, continues to indicate a buoyant increase. The growth pace was the most rapid in 2017 when the average import price increased by 182% against the previous year. As a result, import price attained the peak level of $8,606 per ton. From 2018 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +16.5% per year.

Imports of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Nepal

In 2022, after three years of growth, there was significant decline in overseas purchases of frozen sheep (excluding lamb) carcasses and half-carcasseses, when their volume decreased by -6.3% to 2.5 tons. The total import volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 15% against the previous year. As a result, imports attained the peak of 2.7 tons, and then shrank in the following year.

In value terms, imports of frozen sheep (excluding lamb) carcasses and half-carcasseses declined to $16K in 2022. The total import value increased at an average annual rate of +9.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. As a result, imports attained the peak of $18K, and then dropped in the following year.

Import of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses in Nepal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China0.614.917.916.4201.2%
Madagascar5.6N/AN/AN/A0%
Others6.2N/AN/AN/A0%
Total12.414.917.916.49.8%

Top Suppliers of Frozen Sheep (Excluding Lamb) Carcasses and Half-Carcasses to Nepal in 2022:

  1. China (2.5 tons)

Source: IndexBox Market Intelligence Platform

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