Price for Electric Motors; of an Output Not Exceeding 37.5W in Nepal - 2022
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Nepal (CIF) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Nepal (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Nepal
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Nepal
Price for Electric Motors; of an Output Not Exceeding 37.5W in Nepal (CIF) - 2022
The average import price for electric motors stood at $6.6 per unit in 2022, growing by 2.2% against the previous year. In general, the import price, however, continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2013 an increase of 99% against the previous year. As a result, import price reached the peak level of $22 per unit. From 2014 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($6.4 per unit), while the price for India amounted to $5.1 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.8%).
Price for Electric Motors; of an Output Not Exceeding 37.5W in Nepal (FOB) - 2022
In 2022, the average export price for electric motors amounted to $784 per unit, growing by 2.8% against the previous year. In general, the export price posted a resilient increase. The growth pace was the most rapid in 2014 an increase of 124%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($1,987 per unit), while the average price for exports to Thailand ($6 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 India (+30.4%), while the prices for the other major destinations experienced a decline.
Imports of Electric Motors; of an Output Not Exceeding 37.5W in Nepal
In 2022, approx. 150K units of electric motors were imported into Nepal; with an increase of 25% against the previous year's figure. Over the period under review, imports posted a temperate increase. The most prominent rate of growth was recorded in 2021 when imports increased by 103% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, imports of electric motors surged to $987K in 2022. In general, imports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 42% against the previous year. Imports peaked at $1.6M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1,057 | 344 | 491 | 542 | -20.0% |
| China | 412 | 140 | 233 | 250 | -15.3% |
| Others | 137 | 61.3 | 48.4 | 195 | 12.5% |
| Total | 1,606 | 545 | 773 | 987 | -15.0% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Nepal in 2022:
- India (106.2K units)
- China (39.3K units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Nepal
In 2022, exports of electric motors from Nepal contracted dramatically to 3 units, with a decrease of -25% against 2021 figures. Overall, exports saw a precipitous shrinkage. Over the period under review, the exports of attained the peak figure at 22 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of electric motors shrank significantly to $2.4K in 2022. Over the period under review, exports continue to indicate a dramatic shrinkage. Over the period under review, the exports of hit record highs at $7.8K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 5.7 | 3.4 | 2.6 | 2.0 | -29.5% |
| Singapore | 0.8 | 0.5 | 0.4 | 0.3 | -27.9% |
| South Korea | N/A | N/A | 0.1 | N/A | 0% |
| Dominican Republic | 1.2 | N/A | N/A | N/A | 0% |
| Thailand | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.8 | 4.0 | 3.0 | 2.4 | -32.5% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Nepal in 2022:
- Thailand (1.0 units)
- India (1.0 units)
- Singapore (1.0 units)
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