Price for Electrical Fuses for Under 1000 V in Nepal - 2022
Contents:
- Price for Electrical Fuses for Under 1000 V in Nepal (CIF) - 2022
- Imports of Electrical Fuses for Under 1000 V in Nepal
Price for Electrical Fuses for Under 1000 V in Nepal (CIF) - 2022
In 2022, the average import price for electrical fuses for under 1000 v amounted to $86 per thousand units, falling by -2% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2015 an increase of 25% against the previous year. The import price peaked at $88 per thousand units in 2021, and then reduced slightly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($121 per thousand units), while the price for China ($51 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.9%), while the prices for the other major suppliers experienced a decline.
Imports of Electrical Fuses for Under 1000 V in Nepal
In 2022, approx. 18M units of electrical fuses for under 1000 v were imported into Nepal; rising by 65% compared with the previous year. In general, imports saw resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 167%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of electrical fuses for under 1000 v skyrocketed to $1.6M in 2022. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 175% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Electrical Fuses for Under 1000 V in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 331 | 156 | 647 | 1,044 | 46.7% |
| China | 419 | 187 | 295 | 457 | 2.9% |
| Others | 8.6 | 6.7 | 17.6 | 51.9 | 82.1% |
| Total | 759 | 349 | 959 | 1,553 | 27.0% |
Top Suppliers of Electrical Fuses for Under 1000 V to Nepal in 2022:
- China (8.9M units)
- India (8.6M units)
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