Price for Automatic Circuit Breakers for Under 1000 V in Nepal - 2022
Contents:
- Price for Automatic Circuit Breakers for Under 1000 V in Nepal (CIF) - 2022
- Imports of Automatic Circuit Breakers for Under 1000 V in Nepal
Price for Automatic Circuit Breakers for Under 1000 V in Nepal (CIF) - 2022
The average import price for automatic circuit breakers for under 1000 v stood at $15 per unit in 2022, with an increase of 8.2% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 8.4%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.
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 India ($15 per unit), while the price for Malaysia ($9.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Automatic Circuit Breakers for Under 1000 V in Nepal
In 2022, approx. 391K units of automatic circuit breakers for under 1000 v were imported into Nepal; shrinking by -25.6% against 2021. Overall, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 47%. Imports peaked at 544K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of automatic circuit breakers for under 1000 v fell sharply to $5.8M in 2022. In general, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 56%. As a result, imports attained the peak of $7.2M, and then fell dramatically in the following year.
| Import of Automatic Circuit Breakers for Under 1000 V in Nepal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 5.7 | 4.2 | 6.6 | 5.1 | -3.6% |
| China | 0.9 | 0.2 | 0.3 | 0.4 | -23.7% |
| South Korea | 0.2 | 0.1 | 0.1 | 0.2 | 0.0% |
| Malaysia | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Total | 7.0 | 4.6 | 7.2 | 5.8 | -6.1% |
Top Suppliers of Automatic Circuit Breakers for Under 1000 V to Nepal in 2022:
- India (340.0K units)
- China (26.5K units)
- South Korea (13.3K units)
- Malaysia (6.1K units)
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