Nepal: Nuts Market 2024

Nuts Market Size in Nepal

In 2022, the Nepalese nuts market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, saw a relatively flat trend pattern. Nuts consumption peaked at $X in 2021, and then contracted in the following year.

Nuts Production in Nepal

In value terms, nuts production rose notably to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Nuts production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

In 2022, the average yield of nuts in Nepal rose to X tons per ha, surging by X% against 2021 figures. Overall, the yield indicated slight growth from 2012 to 2022: its figure 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, nuts yield decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the yield increased by X% against the previous year. The nuts yield peaked at X tons per ha in 2013; however, from 2014 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of nuts in Nepal declined to X ha, dropping by X% compared with 2021 figures. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the harvested area increased by X% against the previous year. The nuts harvested area peaked at X ha in 2014; however, from 2015 to 2022, the harvested area failed to regain momentum.

Nuts Exports

Exports from Nepal

In 2022, overseas shipments of nuts decreased by X% to X tons, falling for the ninth consecutive year after two years of growth. Overall, exports faced a abrupt downturn. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, nuts exports declined dramatically to $X in 2022. Over the period under review, exports saw a abrupt setback. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for nuts exports from Nepal, accounting for a approx. X% share of total exports.

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

In value terms, India ($X) also remains the key foreign market for nuts exports from Nepal.

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

Export Prices by Country

In 2022, the average nuts export price amounted to $X per ton, surging by X% against the previous year. In general, export price indicated a measured expansion from 2012 to 2022: its price 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, nuts export price increased by X% against 2013 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, 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.

Nuts Imports

Imports into Nepal

After two years of growth, supplies from abroad of nuts decreased by X% to X tons in 2022. Overall, imports recorded a deep slump. The pace of growth was the most pronounced in 2018 when imports increased by X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, nuts imports totaled $X in 2022. In general, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Indonesia (X tons), China (X tons) and the United States (X tons) were the main suppliers of nuts imports to Nepal, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Indonesia ($X) constituted the largest supplier of nuts to Nepal, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average nuts import price amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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