Nepal: Plum And Sloe Market 2024

Plum And Sloe Market Size in Nepal

The Nepalese plum and sloe market reached $X in 2022, picking up by X% against the previous year. Overall, consumption, however, saw a mild downturn. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Plum And Sloe Production in Nepal

In value terms, plum and sloe production expanded to $X in 2022 estimated in export price. In general, production, however, saw a perceptible contraction. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

In 2022, the average yield of plums and sloes in Nepal rose modestly to X tons per ha, growing by X% compared with 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The plum and sloe yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield stood at a somewhat 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 plum and sloe harvested area in Nepal totaled X ha, approximately mirroring the year before. In general, the harvested area, however, recorded a slight slump. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X% against the previous year. The plum and sloe harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Plum And Sloe Exports

Exports from Nepal

For the fifth year in a row, Nepal recorded growth in shipments abroad of plums and sloes, which increased by X% to X tons in 2022. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, plum and sloe exports surged to $X in 2022. Overall, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X kg) was the main destination for plum and sloe exports from Nepal, accounting for a X% share of total exports. Moreover, plum and sloe exports to the United States exceeded the volume sent to the second major destination, Hong Kong SAR (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Australia (X% per year).

In value terms, Australia ($X), the United States ($X) and Hong Kong SAR ($X) appeared to be the largest markets for plum and sloe exported from Nepal worldwide.

The United States, with a CAGR of X%, saw the highest growth rate of 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 plum and sloe export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price, however, showed a slight contraction. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Hong Kong SAR ($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 Singapore (X%).

Plum And Sloe Imports

Imports into Nepal

In 2022, plum and sloe imports into Nepal contracted to X tons, with a decrease of X% against 2021 figures. Over the period under review, imports, however, saw a significant 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 hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, plum and sloe imports fell rapidly to $X in 2022. In general, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) was the main plum and sloe supplier to Nepal, accounting for a approx. X% share of total imports.

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

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

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

Import Prices by Country

The average plum and sloe import price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price recorded a deep slump. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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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