Price for Clothing; Parts, Knitted or Crocheted in Nepal - 2022

Contents:

1. Price for Clothing; Parts, Knitted or Crocheted in Nepal (FOB) - 2022
2. Price for Clothing; Parts, Knitted or Crocheted in Nepal (CIF) - 2022
3. Exports of Clothing; Parts, Knitted or Crocheted in Nepal
4. Imports of Clothing; Parts, Knitted or Crocheted in Nepal

Price for Clothing; Parts, Knitted or Crocheted in Nepal (FOB) - 2022

In 2022, the average export price for clothing; parts, knitted or crocheted amounted to $34,044 per ton, growing by 8.3% against the previous year. In general, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, clothing; parts, knitted or crocheted export price increased by +73.6% against 2018 indices. The pace of growth appeared the most rapid in 2021 an increase of 50% against the previous year. The export price peaked at $35,564 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($47,487 per ton), while the average price for exports to Germany ($25,111 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Clothing; Parts, Knitted or Crocheted in Nepal (CIF) - 2022

The average import price for clothing; parts, knitted or crocheted stood at $18,396 per ton in 2022, declining by -64.9% against the previous year. In general, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by 475%. As a result, import price reached the peak level of $52,378 per ton, and then declined markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($35,794 per ton), while the price for China stood at $5,396 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.8%).

Exports of Clothing; Parts, Knitted or Crocheted in Nepal

In 2022, approx. 4.1 tons of clothing; parts, knitted or crocheted were exported from Nepal; reducing by -6.8% on the previous year's figure. Overall, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 3,293% against the previous year. As a result, the exports reached the peak of 4.4 tons, and then contracted in the following year.

In value terms, clothing; parts, knitted or crocheted exports reached $140K in 2022. In general, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 4,999% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Clothing; Parts, Knitted or Crocheted from Nepal in 2022:

1. United States (3.1 tons)
2. Canada (0.8 tons)

Imports of Clothing; Parts, Knitted or Crocheted in Nepal

Clothing; parts, knitted or crocheted imports into Nepal skyrocketed to 159 kg in 2022, jumping by 253% compared with the previous year's figure. Overall, imports, however, faced a significant decline.

In value terms, clothing; parts, knitted or crocheted imports skyrocketed to $2.9K in 2022. Over the period under review, imports, however, showed a sharp curtailment.

Top Suppliers of Clothing; Parts, Knitted or Crocheted to Nepal in 2022:

1. China (91.0 kg)
2. India (68.0 kg)

Source: IndexBox Market Intelligence Platform