Nepal: Oil Crops Market 2024

Oil Crops Market Size in Nepal

The Nepalese oil crops market amounted to $X in 2022, flattening at the previous year. Over the period under review, consumption, however, continues to indicate a prominent expansion. Oil crops consumption peaked in 2022 and is expected to retain growth in the near future.

Oil Crops Production in Nepal

In value terms, oil crops production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, saw resilient growth. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Oil crops production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

In 2022, the average yield of oil crops (primary) in Nepal fell to X tons per ha, which is down by X% compared with the previous year. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X%. The oil crops yield peaked at X tons per ha in 2021, and then declined 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.

In 2022, approx. X ha of oil crops (primary) were harvested in Nepal; remaining relatively unchanged against the year before. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2020 to 2022, the growth of the oil crops harvested area failed to regain momentum.

Oil Crops Exports

Exports from Nepal

For the fourth consecutive year, Nepal recorded decline in shipments abroad of oil crops (primary), which decreased by X% to X tons in 2022. Over the period under review, exports saw a dramatic decline. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, oil crops exports fell significantly to $X in 2022. Overall, exports saw a significant contraction. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X tons), the United States (X tons) and Canada (X kg) were the main destinations of oil crops exports from Nepal, together comprising X% 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 the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) emerged as the key foreign market for oil crops (primary) exports from Nepal, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Canada, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Canada (X% per year).

Export Prices by Country

In 2022, the average oil crops export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price saw resilient growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to the United Arab Emirates ($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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Oil Crops Imports

Imports into Nepal

After four years of growth, supplies from abroad of oil crops (primary) decreased by X% to X tons in 2022. Over the period under review, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, oil crops imports rose modestly to $X in 2022. Overall, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

The United States (X tons), India (X tons) and Australia (X tons) were the main suppliers of oil crops imports to Nepal, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), India ($X) and Australia ($X) appeared to be the largest oil crops suppliers to Nepal, together comprising X% of total imports.

The United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average oil crops import price amounted to $X per ton, picking up by X% against the previous year. Overall, import price indicated a slight 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, oil crops import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Australia ($X per ton) and Ukraine ($X per ton), while the price for the United States ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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