Aluminium Wire Price in Nepal - 2022

Contents:

1. Aluminium Wire Price in Nepal (CIF) - 2022
2. Aluminium Wire Price in Nepal (FOB) - 2022
3. Aluminium Wire Imports in Nepal
4. Aluminium Wire Exports in Nepal

Aluminium Wire Price in Nepal (CIF) - 2022

The average aluminium wire import price stood at $3,009 per ton in 2022, with an increase of 14% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2021 an increase of 37%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +2.3% per year.

Aluminium Wire Price in Nepal (FOB) - 2022

The average aluminium wire export price stood at $2,479 per ton in 2022, flattening at the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by less than 0.1%. The export price peaked at $2,580 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Bhutan.

From 2012 to 2022, the rate of growth in terms of prices for Bhutan amounted to -0.4% per year.

Aluminium Wire Imports in Nepal

In 2022, after two years of decline, there was significant growth in overseas purchases of aluminium wires, when their volume increased by 58% to 9.4K tons. Overall, imports, however, recorded a relatively flat trend pattern.

In value terms, aluminium wire imports surged to $28M in 2022. Over the period under review, imports saw a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Aluminium Wire to Nepal in 2022:

1. India (9.4K tons)

Aluminium Wire Exports in Nepal

For the third year in a row, Nepal recorded decline in shipments abroad of aluminium wires, which decreased by -20% to 1.1 tons in 2022. Over the period under review, exports continue to indicate a dramatic curtailment. The smallest decline of -20% was in 2020.

In value terms, aluminium wire exports shrank notably to $2.8K in 2022. In general, exports faced a dramatic slump. The smallest decline of -20% was in 2020.

Top Export Markets for Aluminium Wire from Nepal in 2022:

1. Bhutan (1.1 tons)

Source: IndexBox Market Intelligence Platform