Forecast: Import of Coconuts, Brazil Nuts and Cashew Nuts to Nepal

The import of coconuts, Brazil nuts, and cashew nuts to Nepal is forecasted to grow steadily from 2024 to 2028. In 2023, imports stood at $10.65 million. The year-on-year growth rates suggest a consistent increase of approximately 3-4% annually, with the compound annual growth rate (CAGR) over the forecasted period estimated at around 3.2%. This indicates a moderate but stable demand for these nuts in Nepal.

Future trends to watch for include:

  • Shifts in consumer preferences towards healthier, plant-based diets that may drive demand for nuts.
  • Economic factors in Nepal such as changes in income levels and purchasing power which could affect import volumes.
  • Possible changes in trade regulations or tariffs that could influence import dynamics and pricing.

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