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.