Price for Meat of Bovine Animals; Fresh or Chilled in Nepal - 2022

Contents:

1. Price for Meat of Bovine Animals; Fresh or Chilled in Nepal (CIF) - 2022
2. Price for Meat of Bovine Animals; Fresh or Chilled in Nepal (FOB) - 2022
3. Imports of Meat of Bovine Animals; Fresh or Chilled in Nepal
4. Exports of Meat of Bovine Animals; Fresh or Chilled in Nepal

Price for Meat of Bovine Animals; Fresh or Chilled in Nepal (CIF) - 2022

The average import price for meat of bovine animals; fresh or chilled stood at $1,492 per ton in 2022, shrinking by -3.8% against the previous year. In general, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 24% against the previous year. Over the period under review, average import prices reached the maximum at $4,278 per ton in 2012; however, from 2013 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 -10.2% per year.

Price for Meat of Bovine Animals; Fresh or Chilled in Nepal (FOB) - 2022

The average export price for meat of bovine animals; fresh or chilled stood at $4,298 per ton in 2022, approximately equating the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 13% against the previous year. As a result, the export price reached the peak level of $4,564 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Vietnam.

From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to +0.6% per year.

Imports of Meat of Bovine Animals; Fresh or Chilled in Nepal

In 2022, imports of meat of bovine animals; fresh or chilled into Nepal rose notably to 13 tons, growing by 6.2% against the previous year's figure. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +15.7% 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 +54.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 37% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of meat of bovine animals; fresh or chilled reached $19K in 2022. The total import value increased at an average annual rate of +11.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 31%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in years to come.

Top Suppliers of Meat of Bovine Animals; Fresh or Chilled to Nepal in 2022:

1. India (12.7 tons)

Exports of Meat of Bovine Animals; Fresh or Chilled in Nepal

In 2022, approx. 2 tons of meat of bovine animals; fresh or chilled were exported from Nepal; waning by -8.1% on the year before. Over the period under review, exports saw a drastic downturn. The smallest decline of -1.6% was in 2020.

In value terms, exports of meat of bovine animals; fresh or chilled shrank to $8.4K in 2022. In general, exports continue to indicate a abrupt decrease.

Top Export Markets for Meat of Bovine Animals; Fresh or Chilled from Nepal in 2022:

1. Vietnam (2.0 tons)

Source: IndexBox Market Intelligence Platform