Nepal: Pasta And Couscous Market 2024

Pasta And Couscous Market Size in Nepal

In 2022, the Nepalese pasta and couscous market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.7% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Pasta And Couscous Production in Nepal

In value terms, pasta and couscous production reached $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 -0.0% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 31% against the previous year. Pasta and couscous production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Pasta And Couscous Exports

Exports from Nepal

After four years of growth, shipments abroad of stuffed pasta and couscous decreased by -4.8% to X tons in 2022. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 1,281% against the previous year. The exports peaked at X tons in 2021, and then contracted slightly in the following year.

In value terms, pasta and couscous exports fell to $X in 2022. In general, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 880%. Over the period under review, the exports hit record highs at $X in 2021, and then declined in the following year.

Exports by Country

India (X tons) was the main destination for pasta and couscous exports from Nepal, with a 93% share of total exports. It was followed by Japan (X tons), with a 2.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to India stood at +70.5%.

In value terms, India ($X) remains the key foreign market for stuffed pasta and couscous exports from Nepal, comprising 87% of total exports. The second position in the ranking was taken by Japan ($X), with a 5.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to India amounted to +63.0%.

Export Prices by Country

In 2022, the average pasta and couscous export price amounted to $X per ton, shrinking by -4.2% against the previous year. Over the period under review, the export price showed a noticeable downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by 22% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to India stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+5.4%).

Pasta And Couscous Imports

Imports into Nepal

In 2022, overseas purchases of stuffed pasta and couscous were finally on the rise to reach X tons after two years of decline. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 112% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, pasta and couscous imports skyrocketed to $X in 2022. Over the period under review, imports recorded modest growth. The pace of growth appeared the most rapid in 2013 when imports increased by 172% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

India (X tons), Turkey (X tons) and South Korea (X tons) were the main suppliers of pasta and couscous imports to Nepal, with a combined 80% share of total imports. Malaysia, China, Italy and Thailand lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +33.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of stuffed pasta and couscous to Nepal, comprising 42% of total imports. The second position in the ranking was held by Turkey ($X), with a 19% share of total imports. It was followed by South Korea, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-5.2% per year) and South Korea (-6.4% per year).

Import Prices by Country

In 2022, the average pasta and couscous import price amounted to $X per ton, shrinking by -14.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2013 an increase of 44% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Turkey ($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 (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform