Nepal: Dry Bean Market 2024

Dry Bean Market Size in Nepal

The Nepalese dry bean market shrank rapidly to $X in 2022, declining by -52.2% against the previous year. Over the period under review, consumption, however, posted resilient growth. Dry bean consumption peaked at $X in 2021, and then contracted sharply in the following year.

Dry Bean Production in Nepal

In value terms, dry bean production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production recorded temperate growth. The pace of growth was the most pronounced in 2019 with an increase of 114%. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

In 2022, the average yield of beans (dry) in Nepal amounted to X kg per ha, approximately mirroring 2021 figures. Over the period under review, the yield recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 3.6%. Over the period under review, the average dry bean yield attained the maximum level at X kg per ha in 2017; however, from 2018 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 harvested area of beans (dry) in Nepal contracted to X ha, approximately equating the year before. Overall, the harvested area saw a mild decline. The pace of growth was the most pronounced in 2018 with an increase of 1%. The dry bean harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Dry Bean Exports

Exports from Nepal

In 2022, overseas shipments of beans (dry) increased by 71% to X tons, rising for the second consecutive year after two years of decline. Overall, exports showed buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 588% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, dry bean exports surged to $X in 2022. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 452%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for dry bean exports from Nepal, accounting for a 56% share of total exports. Moreover, dry bean exports to the United States exceeded the volume sent to the second major destination, Australia (X tons), sixfold. The UK (X tons) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +40.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+7.3% per year) and the UK (+40.2% per year).

In value terms, the United States ($X) remains the key foreign market for beans (dry) exports from Nepal, comprising 61% of total exports. The second position in the ranking was taken by the UK ($X), with an 8.8% share of total exports. It was followed by Australia, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +49.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+61.9% per year) and Australia (+11.3% per year).

Export Prices by Country

The average dry bean export price stood at $X per ton in 2022, surging by 12% against the previous year. In general, the export price posted a strong expansion. The pace of growth was the most pronounced in 2019 an increase of 116% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to India ($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 (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Dry Bean Imports

Imports into Nepal

In 2022, approx. X tons of beans (dry) were imported into Nepal; declining by -62.4% against the year before. In general, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 844%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, dry bean imports contracted markedly to $X in 2022. Overall, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 1,003% against the previous year. Imports peaked at $X in 2021, and then declined dramatically in the following year.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of dry bean to Nepal, with a 56% share of total imports. Moreover, dry bean imports from India exceeded the figures recorded by the second-largest supplier, Myanmar (X tons), fivefold. The third position in this ranking was taken by Brazil (X tons), with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume from India stood at +33.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (+7.6% per year) and Brazil (+31.9% per year).

In value terms, India ($X) constituted the largest supplier of beans (dry) to Nepal, comprising 57% of total imports. The second position in the ranking was taken by Myanmar ($X), with a 13% share of total imports. It was followed by Venezuela, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value from India amounted to +36.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (+8.4% per year) and Venezuela (+27.8% per year).

Import Prices by Country

In 2022, the average dry bean import price amounted to $X per ton, falling by -14% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 31% against the previous year. The import price peaked at $X per ton in 2021, and then dropped in the following year.

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 Kenya ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform