Report Update: Jul 1, 2024

Nepal - Iron and Non-Alloy Steel in Ingots - Market Analysis, Forecast, Size, Trends And Insights

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Price for Iron and Non-Alloy Steel in Ingot in Nepal - 2022

Price for Iron and Non-Alloy Steel in Ingot in Nepal (CIF) - 2022

In 2022, the average import price for iron and non-alloy steel in ingots amounted to $604 per ton, remaining stable against the previous year. In general, the import price recorded a noticeable setback. The growth pace was the most rapid in 2019 when the average import price increased by 139%. The import price peaked at $1,784 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($674 per ton), while the price for China amounted to $500 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.1%).

Price for Iron and Non-Alloy Steel in Ingot in Nepal (FOB) - 2022

The average export price for iron and non-alloy steel in ingots stood at $2,562 per ton in 2022, waning by -5.1% against the previous year. Overall, the export price, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices reached the peak figure at $2,701 per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($3,960 per ton), while the average price for exports to Taiwan (Chinese) ($1,622 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 India (+15.1%).

Imports of Iron and Non-Alloy Steel in Ingot in Nepal

In 2022, approx. 5K tons of iron and non-alloy steel in ingots were imported into Nepal; increasing by 358% against the year before. Over the period under review, imports saw a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 1,000%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, imports of iron and non-alloy steel in ingots surged to $3M in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 594% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Import of Iron and Non-Alloy Steel in Ingot in Nepal (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	29.5	274	621	2,998	366.7%
China	21.3	77.9	32.7	N/A	23.9%
Others	N/A	N/A	0.1	N/A	0%
Total	50.8	352	654	2,998	289.3%

Top Suppliers of Iron and Non-Alloy Steel in Ingot to Nepal in 2022:

India (4.4K tons)

Exports of Iron and Non-Alloy Steel in Ingot in Nepal

In 2022, shipments abroad of iron and non-alloy steel in ingots was finally on the rise to reach 3.6 tons after two years of decline. In general, exports, however, saw a noticeable reduction.

In value terms, exports of iron and non-alloy steel in ingots shrank to $9.3K in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 0.8%. As a result, the exports reached the peak of $9.3K, leveling off in the following year.

Export of Iron and Non-Alloy Steel in Ingot in Nepal (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Taiwan (Chinese)	N/A	N/A	N/A	1.9	0%
Italy	N/A	N/A	N/A	0.1	0%
United States	N/A	N/A	N/A	0.1	0%
India	9.2	9.2	9.3	N/A	0.5%
Others	N/A	N/A	N/A	7.2	0%
Total	9.2	9.2	9.3	9.3	0.4%

Top Export Markets for Iron and Non-Alloy Steel in Ingot from Nepal in 2022:

Taiwan (Chinese) (1162.0 kg)
United States (53.0 kg)
Italy (25.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for iron and non-alloy steel in ingot in Nepal. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Nepal

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nepal
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023