Report Update Apr 1, 2024

Nepal - Bananas - Market Analysis, Forecast, Size, Trends and Insights

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Nepal: Banana Market 2024

Banana Market Size in Nepal

In 2022, after ten years of growth, there was significant decline in the Nepalese banana market, when its value decreased by X% to $X. In general, consumption, however, saw a resilient increase. Banana consumption peaked at $X in 2021, and then contracted in the following year.

Banana Production in Nepal

In value terms, banana production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a prominent increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2021, and then declined slightly in the following year.

In 2022, the average yield of bananas in Nepal declined to X tons per ha, reducing by X% on 2021. Overall, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The banana yield peaked at X tons per ha in 2019; however, from 2020 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of bananas production in Nepal contracted to X ha, which is down by X% compared with the previous year's figure. Overall, the total harvested area indicated measured growth from 2012 to 2022: its figure 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, banana harvested area increased by X% against 2012 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the harvested area reached the peak level of X ha, and then shrank in the following year.

Banana Exports

Exports from Nepal

In 2022, shipments abroad of bananas increased by X% to X tons, rising for the second consecutive year after six years of decline. Overall, exports, however, showed a slight reduction. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, banana exports soared to $X in 2022. In general, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Qatar (X tons) was the main destination for banana exports from Nepal, with a X% share of total exports. Moreover, banana exports to Qatar exceeded the volume sent to the second major destination, India (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar was relatively modest.

In value terms, Qatar ($X) emerged as the key foreign market for bananas exports from Nepal, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Qatar was relatively modest.

Export Prices by Country

The average banana export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price posted prominent growth. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to India totaled $X per ton.

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

Banana Imports

Imports into Nepal

In 2022, banana imports into Nepal fell sharply to X tons, declining by X% compared with the year before. Overall, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then fell significantly in the following year.

In value terms, banana imports fell notably to $X in 2022. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2021, and then dropped significantly in the following year.

Imports by Country

In 2022, India (X tons) was the main supplier of banana to Nepal, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from India totaled X%.

In value terms, India ($X) constituted the largest supplier of bananas to Nepal.

From 2012 to 2022, the average annual rate of growth in terms of value from India stood at X%.

Import Prices by Country

The average banana import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the import price recorded a abrupt decline. The growth pace was the most rapid in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bananas in the world?

India remains the largest banana consuming country worldwide, accounting for 26% of total volume. Moreover, banana consumption in India exceeded the figures recorded by the second-largest consumer, China, twofold. The third position in this ranking was taken by Indonesia, with a 6.7% share.

What are the largest producers of bananas in the world?

India constituted the country with the largest volume of banana production, comprising approx. 26% of total volume. Moreover, banana production in India exceeded the figures recorded by the second-largest producer, China, threefold. Ecuador ranked third in terms of total production with a 7.2% share.

What are the leading suppliers of bananas to Nepal?

In value terms, India constituted the largest supplier of bananas to Nepal.

What are the leading importers of bananas from Nepal?

In value terms, Qatar emerged as the key foreign market for bananas exports from Nepal, comprising 95% of total exports. The second position in the ranking was held by India $201), with a 4.5% share of total exports.

What is the average export price for bananas in Nepal?

In 2022, the average banana export price amounted to $1,360 per ton, rising by 50% against the previous year.

What is the average import price for bananas in Nepal?

In 2022, the average banana import price amounted to $145 per ton, reducing by -43.8% against the previous year.

This report provides an in-depth analysis of the banana market in Nepal. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 486 - Bananas

Country coverage:

Nepal

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nepal
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023