Price for Blankets and Travelling Rugs in Nepal - 2022

Contents:

  1. Price for Blankets and Travelling Rugs in Nepal (CIF) - 2022
  2. Price for Blankets and Travelling Rugs in Nepal (FOB) - 2022
  3. Imports of Blankets and Travelling Rugs in Nepal
  4. Exports of Blankets and Travelling Rugs in Nepal

Price for Blankets and Travelling Rugs in Nepal (CIF) - 2022

The average blankets and travelling rugs import price stood at $51 per unit in 2022, falling by -54.3% against the previous year. Overall, the import price, however, showed prominent growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 74%. Over the period under review, average import prices hit record highs at $111 per unit in 2021, and then dropped rapidly in the following year.

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 ($127 per unit), while the price for Kuwait ($6.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+26.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Blankets and Travelling Rugs in Nepal (FOB) - 2022

In 2022, the average blankets and travelling rugs export price amounted to $12 per unit, declining by -24.9% against the previous year. In general, the export price recorded a pronounced slump. The most prominent rate of growth was recorded in 2013 an increase of 76% against the previous year. Over the period under review, the average export prices reached the maximum at $37 per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($24 per unit), while the average price for exports to Singapore ($11 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+4.8%), while the prices for the other major destinations experienced a decline.

Imports of Blankets and Travelling Rugs in Nepal

In 2022, blankets and travelling rugs imports into Nepal skyrocketed to 124K units, rising by 63% compared with the previous year's figure. In general, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 65%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, blankets and travelling rugs imports declined remarkably to $6.3M in 2022. Overall, imports showed a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by 120%. As a result, imports reached the peak of $8.4M, and then fell notably in the following year.

Import of Blankets and Travelling Rugs in Nepal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India1,6162,5316,0364,22237.7%
China3,3911,1091,9521,408-25.4%
Qatar18.331.9121193119.3%
Kuwait10.717.571.7130129.9%
Saudi Arabia34.221.625.788.937.5%
United Arab Emirates4.418.152.169.9151.4%
Vietnam83.667.453.629.7-29.2%
Others30.015.383.711456.0%
Total5,1883,8128,3966,2556.4%

Top Suppliers of Blankets and Travelling Rugs to Nepal in 2022:

  1. India (33.2K units)
  2. Qatar (31.3K units)
  3. Kuwait (21.2K units)
  4. Saudi Arabia (14.5K units)
  5. China (11.1K units)
  6. Vietnam (4.3K units)
  7. United Arab Emirates (2.8K units)

Exports of Blankets and Travelling Rugs in Nepal

In 2022, the amount of blankets and travelling rugses exported from Nepal soared to 132K units, jumping by 76% compared with the previous year. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 252% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, blankets and travelling rugs exports soared to $1.6M in 2022. In general, exports posted buoyant growth. The growth pace was the most rapid in 2021 with an increase of 157% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Blankets and Travelling Rugs in Nepal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France7041464728205.2%
United States84.230.623949580.5%
Switzerland64.11.211.956.2-4.3%
United Kingdom9.81.867.255.077.7%
Germany67.871.926.19.2-48.6%
Singapore26.36.411.67.0-35.7%
Others263209373141-18.8%
Total1,2194671,2011,5839.1%

Top Export Markets for Blankets and Travelling Rugs from Nepal in 2022:

  1. France (77.5K units)
  2. United States (37.9K units)
  3. United Kingdom (5.2K units)
  4. Switzerland (2.3K units)
  5. Germany (0.9K units)
  6. Singapore (0.7K units)

Source: IndexBox Market Intelligence Platform

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