Nepal: Oil Crops Market 2025

Oil Crops Market Size in Nepal

After five years of growth, the Nepalese oil crops market decreased by X% to $X in 2022. Overall, consumption, however, enjoyed buoyant growth. Oil crops consumption peaked at $X in 2021, and then contracted modestly in the following year.

Oil Crops Production in Nepal

In value terms, oil crops production rose slightly to $X in 2022 estimated in export price. In general, production, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of oil crops (primary) in Nepal shrank slightly to X tons per ha, which is down by X% on 2021. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the yield increased by X%. Over the period under review, the average oil crops yield reached the peak level at X tons per ha in 2021, and then fell modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of oil crops (primary) were harvested in Nepal; standing approx. at the year before. The harvested area 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 observed throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, the harvested area attained the peak level of X ha. From 2020 to 2022, the growth of the oil crops harvested area remained at a lower figure.

Oil Crops Exports

Exports from Nepal

In 2022, the amount of oil crops (primary) exported from Nepal dropped sharply to X tons, falling by X% on the previous year's figure. Over the period under review, exports continue to indicate a sharp contraction. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, oil crops exports shrank markedly to $X in 2022. Overall, exports showed a precipitous setback. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons), the United States (X tons) and Canada (X kg) were the main destinations of oil crops 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 the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) emerged as the key foreign market for oil crops (primary) exports from Nepal, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Canada, with an X% share.

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

Export Prices by Country

In 2022, the average oil crops export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to the United Arab Emirates ($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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Oil Crops Imports

Imports into Nepal

In 2022, approx. X tons of oil crops (primary) were imported into Nepal; waning by X% on the previous year's figure. Over the period under review, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021, and then contracted in the following year.

In value terms, oil crops imports contracted to $X in 2022. In general, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

The United States (X tons), India (X tons) and Australia (X tons) were the main suppliers of oil crops imports to Nepal, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest oil crops suppliers to Nepal were the United States ($X), India ($X) and Australia ($X), together comprising X% of total imports.

Among the main suppliers, the United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average oil crops import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, import price indicated a temperate increase 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. Based on 2022 figures, oil crops import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Australia ($X per ton) and Ukraine ($X per ton), while the price for the United States ($X per ton) and India ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform