Nepal: Soft Drink Market 2024

Soft Drink Market Size in Nepal

The Nepalese soft drink market fell to $X in 2023, with a decrease of X% against the previous year. Over the period under review, consumption, however, continues to indicate a moderate increase. Soft drink consumption peaked at $X in 2015; however, from 2016 to 2023, consumption remained at a lower figure.

Soft Drink Production in Nepal

In value terms, soft drink production contracted slightly to $X in 2023 estimated in export price. In general, production, however, enjoyed a measured expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2023, production remained at a lower figure.

Soft Drink Exports

Exports from Nepal

In 2023, overseas shipments of soft drinks decreased by X% to X litres for the first time since 2020, thus ending a two-year rising trend. Overall, total exports indicated a slight increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked at X litres in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, soft drink exports fell to $X in 2023. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

Exports by Country

India (X litres) was the main destination for soft drink exports from Nepal, accounting for a X% share of total exports. It was followed by the UK (X litres), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of volume to India stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and the United States (X% per year).

In value terms, India ($X) remains the key foreign market for soft drinks exports from Nepal, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and the United States (X% per year).

Export Prices by Country

In 2023, the average soft drink export price amounted to $X per thousand litres, therefore, remained relatively stable against the previous year. Overall, the export price continues to indicate a slight descent. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. As a result, the export price reached the peak level of $X per litre. From 2016 to 2023, 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 the United States ($X per litre), while the average price for exports to the UK ($X per thousand litres) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

Soft Drink Imports

Imports into Nepal

In 2023, after two years of growth, there was significant decline in supplies from abroad of soft drinks, when their volume decreased by X% to X litres. In general, imports recorded a deep slump. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, imports reached the peak of X litres. From 2018 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, soft drink imports dropped sharply to $X in 2023. Over the period under review, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, India (X litres) constituted the largest supplier of soft drink to Nepal, with a X% share of total imports. Moreover, soft drink imports from India exceeded the figures recorded by the second-largest supplier, Austria (X litres), tenfold. Thailand (X litres) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Thailand (X% per year).

In value terms, India ($X) constituted the largest supplier of soft drinks to Nepal, comprising X% of total imports. The second position in the ranking was taken by Austria ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Thailand (X% per year).

Import Prices by Country

The average soft drink import price stood at $X per litre in 2023, surging by X% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. The import price peaked in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per litre), while the price for Bhutan ($X per thousand litres) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform