TRADE SCENARIO OF CUT-FLOWERS IN NEPAL
This study examines the cut flower industry in Nepal, focusing on the global and national market scenarios, trade trends, and policy implications. The report uses various trade-related data from sources like the Trade and Export Promotion Centre (TEPC), International Trade Centre (ITC), and Floricul...
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| Format: | Article |
| Language: | English |
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iVolga Press
2024-11-01
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| Series: | Russian Journal of Agricultural and Socio-Economic Sciences |
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| Online Access: | http://rjoas.com/issue-2024-11/article_09.pdf |
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| author | Rubisha B. Pooja A. |
| author_facet | Rubisha B. Pooja A. |
| author_sort | Rubisha B. |
| collection | DOAJ |
| description | This study examines the cut flower industry in Nepal, focusing on the global and national market scenarios, trade trends, and policy implications. The report uses various trade-related data from sources like the Trade and Export Promotion Centre (TEPC), International Trade Centre (ITC), and Floriculture Association of Nepal (FAN). The global cut flower market, valued at $10.5 billion in 2021, is expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2022 to 2032. The Nepalese cut flower industry has witnessed significant growth since its inception in the 1990s, with the number of nurseries and cut flower showrooms increasing over the years. The industry is primarily concentrated in Kathmandu, Lalitpur, Morang, Kaski, and Bhaktapur, with local production meeting summer demand and imports supplementing winter demand. In 2022, Nepal exported 1 metric ton of cut flowers, primarily to Australia and Qatar, while importing 845 metric tons, mainly from India. The study identifies challenges such as high production costs, neglected potential, limited export diversification, and the impact of regulations on Nepal's cut flower industry. To address the trade deficit, the study recommends government support, infrastructure development, and market research. The findings of this study can be beneficial for policymakers, industry stakeholders, and researchers in understanding the dynamics of the cut flower industry in Nepal and developing strategies to enhance its competitiveness and sustainability. |
| format | Article |
| id | doaj-art-e8c4b3f742b54ced98af1b0f45e77a75 |
| institution | Kabale University |
| issn | 2226-1184 |
| language | English |
| publishDate | 2024-11-01 |
| publisher | iVolga Press |
| record_format | Article |
| series | Russian Journal of Agricultural and Socio-Economic Sciences |
| spelling | doaj-art-e8c4b3f742b54ced98af1b0f45e77a752025-01-16T14:46:46ZengiVolga PressRussian Journal of Agricultural and Socio-Economic Sciences2226-11842024-11-011551198108TRADE SCENARIO OF CUT-FLOWERS IN NEPALRubisha B.0Pooja A.1Institute of Agriculture and Animal Science, Tribhuvan UniversityInstitute of Agriculture and Animal Science, Tribhuvan UniversityThis study examines the cut flower industry in Nepal, focusing on the global and national market scenarios, trade trends, and policy implications. The report uses various trade-related data from sources like the Trade and Export Promotion Centre (TEPC), International Trade Centre (ITC), and Floriculture Association of Nepal (FAN). The global cut flower market, valued at $10.5 billion in 2021, is expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2022 to 2032. The Nepalese cut flower industry has witnessed significant growth since its inception in the 1990s, with the number of nurseries and cut flower showrooms increasing over the years. The industry is primarily concentrated in Kathmandu, Lalitpur, Morang, Kaski, and Bhaktapur, with local production meeting summer demand and imports supplementing winter demand. In 2022, Nepal exported 1 metric ton of cut flowers, primarily to Australia and Qatar, while importing 845 metric tons, mainly from India. The study identifies challenges such as high production costs, neglected potential, limited export diversification, and the impact of regulations on Nepal's cut flower industry. To address the trade deficit, the study recommends government support, infrastructure development, and market research. The findings of this study can be beneficial for policymakers, industry stakeholders, and researchers in understanding the dynamics of the cut flower industry in Nepal and developing strategies to enhance its competitiveness and sustainability.http://rjoas.com/issue-2024-11/article_09.pdfdomestic productionfloricultureglobal marketpolicy interventionstrade diversificationsustainablity |
| spellingShingle | Rubisha B. Pooja A. TRADE SCENARIO OF CUT-FLOWERS IN NEPAL Russian Journal of Agricultural and Socio-Economic Sciences domestic production floriculture global market policy interventions trade diversification sustainablity |
| title | TRADE SCENARIO OF CUT-FLOWERS IN NEPAL |
| title_full | TRADE SCENARIO OF CUT-FLOWERS IN NEPAL |
| title_fullStr | TRADE SCENARIO OF CUT-FLOWERS IN NEPAL |
| title_full_unstemmed | TRADE SCENARIO OF CUT-FLOWERS IN NEPAL |
| title_short | TRADE SCENARIO OF CUT-FLOWERS IN NEPAL |
| title_sort | trade scenario of cut flowers in nepal |
| topic | domestic production floriculture global market policy interventions trade diversification sustainablity |
| url | http://rjoas.com/issue-2024-11/article_09.pdf |
| work_keys_str_mv | AT rubishab tradescenarioofcutflowersinnepal AT poojaa tradescenarioofcutflowersinnepal |