Nepal: Market for Condensed Or Evaporated Milk (Sweetened) 2025

Market Size for Condensed Or Evaporated Milk (Sweetened) in Nepal

The Nepalese market for condensed or evaporated milk (sweetened) soared to $X in 2022, increasing by 129% 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, faced a drastic downturn. Sweetened condensed and evaporated milk consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Condensed Or Evaporated Milk (Sweetened)

Exports from Nepal

In 2022, after two years of growth, there was significant decline in overseas shipments of condensed or evaporated milk (sweetened), when their volume decreased by -8.3% to X tons. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 752% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, sweetened condensed and evaporated milk exports rose notably to $X in 2022. Over the period under review, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 744% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for sweetened condensed and evaporated milk exports from Nepal, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to China totaled +44.7%.

In value terms, China ($X) also remains the key foreign market for condensed or evaporated milk (sweetened) exports from Nepal.

From 2012 to 2022, the average annual growth rate of value to China stood at +54.2%.

Export Prices by Country

In 2022, the average export price for condensed or evaporated milk (sweetened) amounted to $X per ton, picking up by 15% against the previous year. In general, the export price showed a resilient expansion. The pace of growth appeared the most rapid in 2016 an increase of 51% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +6.5% per year.

Imports of Condensed Or Evaporated Milk (Sweetened)

Imports into Nepal

In 2022, the amount of condensed or evaporated milk (sweetened) imported into Nepal soared to X tons, jumping by 96% compared with 2021 figures. Over the period under review, imports, however, showed a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 150%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, sweetened condensed and evaporated milk imports skyrocketed to $X in 2022. Overall, imports, however, recorded a abrupt descent. The pace of growth was the most pronounced in 2020 when imports increased by 165%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X tons), the Netherlands (X tons) and India (X tons) were the main suppliers of sweetened condensed and evaporated milk imports to Nepal, together comprising 75% of total imports. Australia, Thailand, Singapore and Germany lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +17.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Malaysia ($X), India ($X) and Australia ($X) were the largest sweetened condensed and evaporated milk suppliers to Nepal, with a combined 73% share of total imports. The Netherlands, Thailand, Singapore and Germany lagged somewhat behind, together comprising a further 21%.

Thailand, with a CAGR of +15.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for condensed or evaporated milk (sweetened) stood at $X per ton in 2022, picking up by 8.7% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 43%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform