Nepal: Banana And Plantain Market 2025

Banana And Plantain Market Size in Nepal

The Nepalese banana and plantain market dropped dramatically to $X in 2022, which is down by -16.8% against the previous year. Overall, consumption, however, recorded a resilient expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then dropped sharply in the following year.

Banana And Plantain Production in Nepal

In value terms, banana and plantain production dropped to $X in 2022 estimated in export price. Overall, production, however, posted a resilient increase. The pace of growth was the most pronounced in 2015 when the production volume increased by 139% against the previous year. Banana and plantain production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

The average yield of bananas and plantains in Nepal reduced modestly to X tons per ha in 2022, which is down by -4.2% compared with the previous year. In general, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the yield increased by 9.8% against the previous year. Over the period under review, the average banana and plantain yield attained the maximum level at X tons per ha in 2019; however, from 2020 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 total area harvested in terms of bananas and plantains production in Nepal reduced to X ha, waning by -6.2% on the previous year's figure. Overall, the total harvested area indicated a perceptible increase from 2012 to 2022: its figure increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, banana and plantain harvested area increased by +61.6% against 2012 indices. The growth pace was the most rapid in 2021 when the harvested area increased by 14% against the previous year. As a result, the harvested area attained the peak level of X ha, and then declined in the following year.

Banana And Plantain Exports

Exports from Nepal

In 2020, the amount of bananas and plantains exported from Nepal fell sharply to X kg, waning by -62.5% against 2019 figures. Over the period under review, exports saw a deep setback. The growth pace was the most rapid in 2014 when exports increased by 577%. As a result, the exports reached the peak of X tons. From 2015 to 2020, the growth of the exports remained at a lower figure.

In value terms, banana and plantain exports declined dramatically to $X in 2020. Overall, exports showed a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 152%. As a result, the exports reached the peak of $X. From 2015 to 2020, the growth of the exports remained at a lower figure.

Exports by Country

Oman (X kg) was the main destination for banana and plantain exports from Nepal, with a 78% share of total exports. Moreover, banana and plantain exports to Oman exceeded the volume sent to the second major destination, the Czech Republic (X kg), threefold.

From 2013 to 2020, the average annual rate of growth in terms of volume to Oman was relatively modest.

In value terms, the largest markets for banana and plantain exported from Nepal were the Czech Republic ($X) and Oman ($X).

In terms of the main countries of destination, Oman, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average banana and plantain export price stood at $X per ton in 2020, surging by 4.3% against the previous year. Overall, the export price saw mild growth. The most prominent rate of growth was recorded in 2017 an increase of 238% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2020, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2020, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Oman stood at $X per ton.

From 2013 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to India (+20.1%).

Banana And Plantain Imports

Imports into Nepal

In 2022, supplies from abroad of bananas and plantains decreased by -61.3% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports, however, saw significant growth. The growth pace was the most rapid in 2014 when imports increased by 388%. Over the period under review, imports hit record highs at X tons in 2021, and then fell dramatically in the following year.

In value terms, banana and plantain imports declined remarkably to $X in 2022. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 334% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then fell rapidly in the following year.

Imports by Country

In 2022, India (X tons) was the main banana and plantain supplier to Nepal, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled +37.8%.

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

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to +24.5%.

Import Prices by Country

In 2022, the average banana and plantain import price amounted to $X per ton, shrinking by -8.1% against the previous year. In general, the import price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2017 when the average import price increased by 8.4%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, 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 -9.6% per year.

Source: IndexBox Platform