Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Nepal - 2022

Contents:

  1. Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Nepal (CIF) - 2022
  2. Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Nepal (FOB) - 2022
  3. Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Nepal
  4. Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Nepal

Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Nepal (CIF) - 2022

In 2022, the average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) amounted to $540 per unit, rising by 8.8% against the previous year. Overall, the import price, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2019 an increase of 309% against the previous year. As a result, import price attained the peak level of $3,280 per unit. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,442 per unit), while the price for the United Arab Emirates ($169 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+23.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Nepal (FOB) - 2022

In 2022, the average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) amounted to $1,887 per unit, remaining constant against the previous year. In general, the export price recorded a significant decrease. The growth pace was the most rapid in 2019 an increase of 24% against the previous year. The export price peaked at $9,586 per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

From 2015 to 2022, the rate of growth in terms of prices for Palestine amounted to -39.1% per year.

Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Nepal

In 2022, purchases abroad of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) decreased by -55% to 621 units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 402% against the previous year. Over the period under review, imports of reached the maximum at 1.4K units in 2021, and then dropped dramatically in the following year.

In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) shrank markedly to $335K in 2022. Overall, imports saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 26%. As a result, imports reached the peak of $686K, and then plummeted in the following year.

Import of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Nepal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India82.731436013818.6%
China19.812912368.451.2%
United States2.224.124.727.4131.8%
United Arab Emirates0.10.5N/A26.1539.1%
Japan1.318.213.425.7170.4%
Germany1.416.118.813.3111.8%
Others44744.014636.8-56.5%
Total554546686335-15.4%

Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) to Nepal in 2022:

  1. India (258.0 units)
  2. United Arab Emirates (155.0 units)
  3. China (101.0 units)
  4. Japan (54.0 units)
  5. United States (19.0 units)
  6. Germany (17.0 units)

Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Nepal

For the third consecutive year, Nepal recorded decline in shipments abroad of compression-ignition internal combustion piston engines (diesel or semi-diesel engines), which decreased by 0% to 1 units in 2022. In general, exports saw a significant curtailment. The smallest decline of -66.7% was in 2020. Over the period under review, the exports of attained the maximum at 3 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) stood at $1.9K in 2022. Overall, exports faced a dramatic slump. The smallest decline of -81.8% was in 2020. Over the period under review, the exports of reached the maximum at $28K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Nepal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
PalestineN/A5.1N/A1.9-39.0%
Hong Kong SAR18.2N/AN/AN/A0%
Germany9.8N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total27.95.1N/A1.9-59.2%

Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) from Nepal in 2022:

  1. Palestine (1.0 units)

Source: IndexBox Market Intelligence Platform

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