Nepal: Meat Market 2024

Meat Market Size in Nepal

The Nepalese meat market was estimated at $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the market value increased by X% against the previous year. Meat consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Meat Production in Nepal

In value terms, meat production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

The average yield of meat in Nepal rose slightly to X kg per head in 2022, increasing by X% against the previous year's figure. Overall, the yield, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the yield increased by X% against the previous year. The meat yield peaked at X kg per head in 2018; however, from 2019 to 2022, the yield failed to regain momentum.

The number of animals slaughtered for meat production in Nepal declined to X heads in 2022, waning by X% compared with 2021 figures. This number 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 pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The number of animals slaughtered for meat production peaked at X heads in 2021, and then fell in the following year.

Meat Exports

Exports from Nepal

In 2022, overseas shipments of meat increased by X% to X tons, rising for the second year in a row after three years of decline. In general, exports, however, continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, meat exports fell to $X in 2022. Over the period under review, exports, however, saw a dramatic setback. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam (X tons), Myanmar (X tons) and Thailand (X tons) were the main destinations of meat exports from Nepal, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the largest markets for meat exported from Nepal were Vietnam ($X), Myanmar ($X) and Thailand ($X), together comprising X% of total exports.

Among the main countries of destination, Myanmar, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average meat export price stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($X per ton) and Myanmar ($X per ton), while the average price for exports to Thailand ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%), while the prices for the other major destinations experienced a decline.

Meat Imports

Imports into Nepal

Meat imports into Nepal reduced dramatically to X tons in 2022, declining by X% compared with the previous year's figure. Overall, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then shrank rapidly in the following year.

In value terms, meat imports contracted remarkably to $X in 2022. In general, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest meat supplier to Nepal, accounting for a X% share of total imports. Moreover, meat imports from India exceeded the figures recorded by the second-largest supplier, Australia (X tons), fourfold.

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

In value terms, Australia ($X), India ($X) and Thailand ($X) were the largest meat suppliers to Nepal, with a combined X% share of total imports.

Among the main suppliers, Thailand, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average meat import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a 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 Thailand ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform