Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Nepal - 2022

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

The average import price for offal, edible; of bovine animals, fresh or chilleds stood at $981 per ton in 2022, which is down by -14.6% against the previous year. Overall, the import price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2016 an increase of 43%. Over the period under review, average import prices attained the peak figure at $3,059 per ton in 2012; however, from 2013 to 2022, import prices stood 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 -10.7% per year.

Imports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Nepal

In 2022, approx. 11 tons of offal, edible; of bovine animals, fresh or chilleds were imported into Nepal; growing by 20% against the year before. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 20%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of offal, edible; of bovine animals, fresh or chilleds amounted to $11K in 2022. The total import value increased at an average annual rate of +2.4% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 2.5% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.