Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Nepal - 2022
Contents:
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Nepal (CIF) - 2022
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Nepal (FOB) - 2022
- Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Nepal
- Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Nepal
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Nepal (CIF) - 2022
The average import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $2,877 per ton in 2022, jumping by 23% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) increased by +74.4% against 2018 indices. The pace of growth was the most pronounced in 2014 an increase of 41%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($4,241 per ton), while the price for China ($2,222 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Nepal (FOB) - 2022
The average export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $10,889 per ton in 2022, increasing by 142% against the previous year. Overall, the export price posted a strong increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 959%. As a result, the export price reached the peak level of $31,191 per ton. From 2018 to 2022, the average export prices remained at a lower figure.
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 Norway ($11,436 per ton), while the average price for exports to Thailand ($1,040 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 Denmark (-7.8%).
Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Nepal
In 2022, after two years of decline, there was significant growth in overseas purchases of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics), when their volume increased by 24% to 1.1K tons. Overall, imports, however, showed a deep setback.
In value terms, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) surged to $3.3M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +10.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,644 | 1,572 | 1,140 | 1,754 | 2.2% |
| India | 726 | 568 | 872 | 1,351 | 23.0% |
| Thailand | 33.3 | 35.3 | 38.7 | 62.2 | 23.2% |
| Others | 65.3 | 113 | 98.5 | 118 | 21.8% |
| Total | 2,468 | 2,288 | 2,149 | 3,285 | 10.0% |
Top Suppliers of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) to Nepal in 2022:
- China (789.3 tons)
- India (318.6 tons)
- Thailand (24.2 tons)
Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Nepal
In 2022, after two years of decline, there was significant growth in shipments abroad of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics), when their volume increased by 1,926% to 3.7 tons. Over the period under review, exports, however, showed a sharp decrease.
In value terms, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) soared to $41K in 2022. In general, exports saw a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | N/A | N/A | N/A | 40.6 | 0% |
| Denmark | 25.5 | 1.1 | 0.1 | 0.1 | -84.2% |
| Thailand | N/A | N/A | 0.2 | 0.1 | -50.0% |
| United Arab Emirates | N/A | 12.1 | N/A | N/A | 0% |
| Others | N/A | N/A | 0.6 | N/A | 0% |
| Total | 25.5 | 13.2 | 0.8 | 40.8 | 17.0% |
Top Export Markets for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) from Nepal in 2022:
- Norway (3.5 tons)
- Denmark (0.1 tons)
- Thailand (0.1 tons)
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