The Nepalese floriculture industry of was severely impacted by the world-wide Covid crisis. Floriculture Association Nepal (FAN) carried out a questionnaire based survey to assess the impacts and then followed up by interaction with different major stakeholders. The findings of the study are based on post-COVID period from April 2020 to July 2020.
In the pre-COVID period, the yearly transaction of the industry increased by 10% annually but due to this havoc its annual transaction decreased by 10.89% (from 2416400000 Nepalese Rupee to 2153300000 Nepalese Rupee, or 20.34 million dollar to 18.12 million US dollar). The study revealed annual transaction loss of 97% in cut and loose flowers, followed by 75% in landscape and gardening and 65% in ornamental plants. However, the most vulnerable sub-sector was cut flowers business as it was the most severely affected by COVID-19. Its major impacts also appear on physical, mental, financial and industry crisis that need to be well addressed by short-medium-long term strategy and package programs to rejuvenate the industry.
Click here for the FAN survey