Nepal: Grain Market 2024

Grain Market Size in Nepal

The Nepalese grain market shrank slightly to $X in 2022, dropping by X% against the previous year. Over the period under review, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Grain Production in Nepal

In value terms, grain production shrank to $X in 2022 estimated in export price. In general, production, however, saw a prominent increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

The average yield of grain in Nepal dropped modestly to X tons per ha in 2022, approximately equating 2021. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the yield increased by X% against the previous year. Over the period under review, the average grain yield reached the maximum level at X tons per ha in 2021, and then shrank modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The grain harvested area in Nepal fell to X ha in 2022, almost unchanged from the previous year. In general, the harvested area recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. As a result, the harvested area attained the peak level of X ha. From 2018 to 2022, the growth of the grain harvested area remained at a somewhat lower figure.

Grain Exports

Exports from Nepal

In 2022, grain exports from Nepal shrank dramatically to X tons, with a decrease of X% compared with the previous year's figure. Over the period under review, exports showed a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, grain exports declined rapidly to $X in 2022. In general, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X tons), Hong Kong SAR (X tons) and Australia (X tons) were the main destinations of grain exports from Nepal, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for grain exported from Nepal were Japan ($X), Australia ($X) and Hong Kong SAR ($X), with a combined X% share of total exports. Canada and India lagged somewhat behind, together accounting for a further X%.

Canada, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average grain export price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price, however, recorded a temperate increase. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2021, and then contracted remarkably in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

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

Grain Imports

Imports into Nepal

In 2022, overseas purchases of grain decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, saw a strong expansion. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, grain imports reduced notably to $X in 2022. In general, imports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked at $X in 2021, and then fell sharply in the following year.

Imports by Country

In 2022, India (X tons) was the main grain supplier to Nepal, with a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled X%.

In value terms, India ($X) constituted the largest supplier of grain to Nepal.

From 2012 to 2022, the average annual growth rate of value from India totaled X%.

Import Prices by Country

The average grain import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 X% per year.

Source: IndexBox Platform

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