Price for Electrical Push-Button and Rotary Switch in Nepal - 2022

Contents:

1. Price for Electrical Push-Button and Rotary Switch in Nepal (CIF) - 2022
2. Price for Electrical Push-Button and Rotary Switch in Nepal (FOB) - 2022
3. Imports of Electrical Push-Button and Rotary Switch in Nepal
4. Exports of Electrical Push-Button and Rotary Switch in Nepal

Price for Electrical Push-Button and Rotary Switch in Nepal (CIF) - 2022

In 2022, the average import price for electrical push-button and rotary switches for under 1000 v amounted to $0.5 per unit, therefore, remained relatively stable against the previous year. In general, the import price, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2018 an increase of 24%. The import price peaked at $2.2 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($0.5 per unit), while the price for India totaled $0.5 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-13.3%).

Price for Electrical Push-Button and Rotary Switch in Nepal (FOB) - 2022

The average export price for electrical push-button and rotary switches for under 1000 v stood at $2 per unit in 2022, waning by -9.4% against the previous year. In general, the export price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices reached the maximum at $2.7 per unit in 2012; however, from 2013 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 Canada ($9.5 per unit), while the average price for exports to Indonesia ($0.1 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 Canada (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Push-Button and Rotary Switch in Nepal

For the fourth consecutive year, Nepal recorded growth in supplies from abroad of electrical push-button and rotary switches for under 1000 v, which increased by 9.2% to 12M units in 2022. The total import volume increased at an average annual rate of +6.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical push-button and rotary switch imports rose markedly to $6.1M in 2022. The total import value increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Electrical Push-Button and Rotary Switch to Nepal in 2022:

1. India (5.6M units)
2. China (5.6M units)

Exports of Electrical Push-Button and Rotary Switch in Nepal

In 2022, approx. 3.6K units of electrical push-button and rotary switches for under 1000 v were exported from Nepal; picking up by 78% against 2021. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical push-button and rotary switch exports soared to $7.2K in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +17.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.1% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Electrical Push-Button and Rotary Switch from Nepal in 2022:

1. Mexico (1278.0 units)
2. Indonesia (779.0 units)
3. Singapore (445.0 units)
4. United States (339.0 units)
5. Switzerland (326.0 units)
6. Australia (298.0 units)
7. Czech Republic (17.0 units)

Source: IndexBox Market Intelligence Platform