Nepal: Processed Meat Market 2024

Processed Meat Market Size in Nepal

The Nepalese processed meat market dropped modestly to $X in 2022, which is down by X% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Processed Meat Production in Nepal

In value terms, processed meat production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Processed Meat Exports

Exports from Nepal

In 2022, after three years of decline, there was significant growth in shipments abroad of processed meat, when their volume increased by X% to X tons. In general, exports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, processed meat exports expanded remarkably to $X in 2022. Overall, exports, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for processed meat exports from Nepal, with a X% share of total exports. Moreover, processed meat exports to India exceeded the volume sent to the second major destination, Malaysia (X tons), fivefold. The third position in this ranking was taken by the UK (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and the UK (X% per year).

In value terms, India ($X) remains the key foreign market for processed meat exports from Nepal, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with an X% share of total exports. It was followed by Denmark, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Denmark (X% per year).

Export Prices by Country

In 2022, the average processed meat export price amounted to $X per ton, falling by X% against the previous year. In general, the export price, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2019 an increase of X% 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 remained at a somewhat lower figure.

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

Processed Meat Imports

Imports into Nepal

In 2022, supplies from abroad of processed meat decreased by X% to X tons, falling for the fourth consecutive year after five years of growth. Overall, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, processed meat imports declined to $X in 2022. In general, imports showed a deep setback. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

India (X tons), China (X tons) and Australia (X tons) were the main suppliers of processed meat imports to Nepal, with a combined X% share of total imports. Italy, South Korea and Thailand lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest processed meat suppliers to Nepal were Australia ($X), Italy ($X) and China ($X), with a combined X% share of total imports. India, South Korea and Thailand lagged somewhat behind, together accounting for a further X%.

South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 processed meat import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price continues to indicate a moderate expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Italy ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform