Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Nepal - 2022

Contents:

  1. Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Nepal (CIF) - 2022
  2. Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Nepal (FOB) - 2022
  3. Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Nepal
  4. Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Nepal

Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Nepal (CIF) - 2022

The average import price for articles of apparel, clothing accessories and other articles of furskin stood at $23 per unit in 2022, picking up by 35% against the previous year. Over the period under review, the import price recorded a buoyant increase. The growth pace was the most rapid in 2013 an increase of 395% against the previous year. The import price peaked at $74 per unit in 2014; however, from 2015 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 Lebanon ($29 per unit), while the price for Japan ($1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Nepal (FOB) - 2022

The average export price for articles of apparel, clothing accessories and other articles of furskin stood at $1 per unit in 2022, stabilizing at the previous year. Over the period under review, the export price faced a abrupt setback. The most prominent rate of growth was recorded in 2014 a decrease of 99.9% against the previous year. The export price peaked at $5 per unit in 2013; however, from 2014 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 Austria.

From 2013 to 2022, the rate of growth in terms of prices for Switzerland amounted to -15.9% per year.

Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Nepal

Imports of articles of apparel, clothing accessories and other articles of furskin into Nepal surged to 25 units in 2022, rising by 19% compared with the year before. In general, imports, however, continue to indicate a precipitous decrease. The pace of growth was the most pronounced in 2021 when imports increased by 163%. Imports peaked at 542 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of articles of apparel, clothing accessories and other articles of furskin soared to $581 in 2022. Overall, imports, however, recorded a precipitous setback. The most prominent rate of growth was recorded in 2021 when imports increased by 178% against the previous year. Imports peaked at $21K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Nepal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Lebanon0.5N/AN/A0.50.0%
China20.1N/A0.10.1-82.9%
JapanN/A0.1N/AN/A0%
India0.1N/A0.2N/A41.4%
Others0.2N/A0.1N/A-29.3%
Total20.90.10.40.6-69.4%

Top Suppliers of Articles of Apparel, Clothing Accessories and Other Articles of Furskin to Nepal in 2022:

  1. Lebanon (17.0 units)
  2. China (5.0 units)
  3. Japan (3.0 units)

Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Nepal

Exports of articles of apparel, clothing accessories and other articles of furskin from Nepal contracted remarkably to 2 units in 2022, shrinking by -50% against 2021 figures. Overall, exports continue to indicate a dramatic slump. The exports peaked at 4 units in 2021, and then reduced dramatically in the following year.

In value terms, exports of articles of apparel, clothing accessories and other articles of furskin declined significantly to $2 in 2022. Over the period under review, exports saw a dramatic curtailment. The exports peaked at $4 in 2021, and then dropped sharply in the following year.

Export of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Nepal (USD)
COUNTRY20212022CAGR,
2021-2022
AustriaN/A1.00%
Japan1.0N/A0%
Switzerland1.0N/A0%
China1.0N/A0%
United Arab Emirates1.0N/A0%
OthersN/A1.00%
Total4.02.0-50.0%

Top Export Markets for Articles of Apparel, Clothing Accessories and Other Articles of Furskin from Nepal in 2022:

  1. Austria (1.0 units)

Source: IndexBox Market Intelligence Platform

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