Nepal: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Nepal

The Nepalese spirits and liqueurs market fell rapidly to $X in 2022, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a prominent expansion. As a result, consumption attained the peak level of $X, and then declined remarkably in the following year.

Spirits And Liqueurs Exports

Exports from Nepal

Spirits and liqueurs exports from Nepal soared to X litres in 2022, picking up by X% compared with the year before. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, spirits and liqueurs exports soared to $X in 2022. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan (X litres) was the main destination for spirits and liqueurs exports from Nepal, with a X% share of total exports. Moreover, spirits and liqueurs exports to Japan exceeded the volume sent to the second major destination, South Korea (X litres), threefold. The third position in this ranking was taken by Hong Kong SAR (X litres), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Hong Kong SAR (X% per year).

In value terms, Japan ($X) remains the key foreign market for spirits, liqueurs and other spirituous beverages exports from Nepal, comprising X% of total exports. The second position in the ranking was held by Australia ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Japan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the average spirits and liqueurs export price amounted to $X per litre, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per litre), while the average price for exports to South Korea ($X per litre) 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 more modest paces of growth.

Spirits And Liqueurs Imports

Imports into Nepal

In 2022, the amount of spirits, liqueurs and other spirituous beverages imported into Nepal dropped to X litres, which is down by X% on the previous year's figure. Overall, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X litres in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, spirits and liqueurs imports fell notably to $X in 2022. Over the period under review, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then reduced remarkably in the following year.

Imports by Country

In 2022, the UK (X litres) constituted the largest supplier of spirits and liqueurs to Nepal, accounting for a X% share of total imports. Moreover, spirits and liqueurs imports from the UK exceeded the figures recorded by the second-largest supplier, India (X litres), tenfold. The third position in this ranking was taken by Brazil (X litres), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Brazil (X% per year).

In value terms, the UK ($X) constituted the largest supplier of spirits, liqueurs and other spirituous beverages to Nepal, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the UK amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2022, the average spirits and liqueurs import price amounted to $X per litre, falling by X% against the previous year. Overall, the import price continues to indicate a mild reduction. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per litre in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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