Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Nepal - 2022

Contents:

  1. Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Nepal (CIF) - 2022
  2. Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Nepal (FOB) - 2022
  3. Imports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Nepal
  4. Exports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Nepal

Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Nepal (CIF) - 2022

In 2022, the average import price for tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) amounted to $39 per unit, picking up by 36% against the previous year. Over the period under review, the import price, however, continues to indicate a deep setback. Over the period under review, average import prices attained the maximum at $84 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($123 per unit), while the price for India ($28 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-0.8%), while the prices for the other major suppliers experienced a decline.

Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Nepal (FOB) - 2022

In 2022, the average export price for tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) amounted to $72 per unit, reducing by -81.6% against the previous year. In general, the export price faced a abrupt slump. The growth pace was the most rapid in 2017 when the average export price increased by 2,105% against the previous year. Over the period under review, the average export prices reached the peak figure at $388 per unit in 2021, and then contracted dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($138 per unit), while the average price for exports to Thailand stood at $5 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (-2.1%).

Imports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Nepal

Imports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) into Nepal shrank significantly to 7.1K units in 2022, reducing by -56.5% compared with the previous year. In general, imports showed a dramatic descent. The growth pace was the most rapid in 2021 when imports increased by 98% against the previous year. As a result, imports reached the peak of 16K units, and then reduced sharply in the following year.

In value terms, imports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) fell rapidly to $273K in 2022. Over the period under review, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 71%. As a result, imports reached the peak of $460K, and then shrank notably in the following year.

Import of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Nepal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India150163169120-7.2%
China21567.925490.7-25.0%
Japan31.610.88.833.01.5%
South Korea14.215.719.319.611.3%
Others15.810.79.59.0-17.1%
Total426268460273-13.8%

Top Suppliers of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) to Nepal in 2022:

  1. India (4.3K units)
  2. China (2.3K units)
  3. Japan (0.3K units)
  4. South Korea (0.2K units)

Exports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Nepal

In 2022, shipments abroad of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) decreased by -66.7% to 2 units, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a significant decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 114% against the previous year. As a result, the exports attained the peak of 15 units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) fell notably to $143 in 2022. In general, exports saw a sharp curtailment. The growth pace was the most rapid in 2020 with an increase of 66% against the previous year. As a result, the exports reached the peak of $4.5K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Nepal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India1.44.52.30.1-58.5%
Brunei Darussalam0.4N/AN/AN/A0%
ThailandN/AN/AN/AN/A0%
Others1.0N/AN/AN/A0%
Total2.74.52.30.1-66.7%

Top Export Markets for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) from Nepal in 2022:

  1. Thailand (1.0 units)
  2. India (1.0 units)

Source: IndexBox Market Intelligence Platform

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