Price for Cereal Groats and Meal; of Wheat in Nepal - 2022

Contents:

1. Price for Cereal Groats and Meal; of Wheat in Nepal (CIF) - 2022
2. Price for Cereal Groats and Meal; of Wheat in Nepal (FOB) - 2022
3. Imports of Cereal Groats and Meal; of Wheat in Nepal
4. Exports of Cereal Groats and Meal; of Wheat in Nepal

Price for Cereal Groats and Meal; of Wheat in Nepal (CIF) - 2022

In 2022, the average import price for cereal groats and meal; of wheats amounted to $353 per ton, falling by -9.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2018 when the average import price increased by 30% against the previous year. As a result, import price reached the peak level of $428 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($356 per ton), while the price for China totaled $327 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.5%).

Price for Cereal Groats and Meal; of Wheat in Nepal (FOB) - 2022

In 2022, the average export price for cereal groats and meal; of wheats amounted to $1,299 per ton, surging by 47% against the previous year. Overall, the export price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2013 an increase of 140%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($9,153 per ton), while the average price for exports to China stood at $1,019 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+32.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cereal Groats and Meal; of Wheat in Nepal

Imports of cereal groats and meal; of wheats into Nepal soared to 43 tons in 2022, jumping by 33% on the year before. Over the period under review, imports, however, showed a abrupt decrease.

In value terms, imports of cereal groats and meal; of wheats surged to $15K in 2022. In general, imports, however, saw a deep setback.

Top Suppliers of Cereal Groats and Meal; of Wheat to Nepal in 2022:

1. India (39.8 tons)
2. China (3.4 tons)

Exports of Cereal Groats and Meal; of Wheat in Nepal

For the third consecutive year, Nepal recorded decline in overseas shipments of cereal groats and meal; of wheats, which decreased by -37.2% to 9.3 tons in 2022. In general, exports continue to indicate a significant contraction.

In value terms, exports of cereal groats and meal; of wheats declined to $12K in 2022. Over the period under review, exports recorded a significant curtailment.

Top Export Markets for Cereal Groats and Meal; of Wheat from Nepal in 2022:

1. China (8.9 tons)
2. United States (0.3 tons)

Source: IndexBox Market Intelligence Platform