Nepal: Prepared Baking Powder Market 2024

Prepared Baking Powder Market Size in Nepal

The Nepalese prepared baking powder market fell modestly to $X in 2022, leveling off at the previous year. The market value increased at an average annual rate of +4.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Prepared baking powder consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Prepared Baking Powder Production in Nepal

In value terms, prepared baking powder production declined to $X in 2022 estimated in export price. In general, the total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.9% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 40%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Prepared Baking Powder Exports

Exports from Nepal

Prepared baking powder exports from Nepal reduced rapidly to X tons in 2022, dropping by -34.1% compared with 2021 figures. In general, exports, however, recorded strong growth. The pace of growth was the most pronounced in 2013 when exports increased by 318%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, prepared baking powder exports declined sharply to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 556% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for prepared baking powder exports from Nepal, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to China stood at +19.0%.

In value terms, China ($X) also remains the key foreign market for prepared baking powders exports from Nepal.

From 2012 to 2022, the average annual growth rate of value to China totaled +27.2%.

Export Prices by Country

The average prepared baking powder export price stood at $X per ton in 2022, dropping by -4.6% against the previous year. In general, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prepared baking powder export price decreased by -20.8% against 2019 indices. The pace of growth appeared the most rapid in 2019 an increase of 94% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

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 +6.9% per year.

Prepared Baking Powder Imports

Imports into Nepal

In 2022, overseas purchases of prepared baking powders were finally on the rise to reach X tons after three years of decline. In general, imports showed buoyant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 116%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, prepared baking powder imports reached $X in 2022. Over the period under review, imports continue to indicate a strong increase. The growth pace was the most rapid in 2016 with an increase of 90% against the previous year. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest prepared baking powder supplier to Nepal, with a 68% share of total imports. Moreover, prepared baking powder imports from India exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. China (X tons) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2022, the average annual growth rate of volume from India stood at +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+179.8% per year) and China (+21.1% per year).

In value terms, India ($X) constituted the largest supplier of prepared baking powders to Nepal, comprising 71% of total imports. The second position in the ranking was taken by the United States ($X), with a 15% share of total imports. It was followed by Malta, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+99.1% per year) and Malta (+46.6% per year).

Import Prices by Country

In 2022, the average prepared baking powder import price amounted to $X per ton, with a decrease of -1.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. The pace of growth appeared the most rapid in 2020 an increase of 28% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malta ($X per ton), while the price for Belgium ($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 (+4.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform