Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Nepal - 2022
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Nepal (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Nepal (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Nepal
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Nepal
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Nepal (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel wire, not plated or coateds amounted to $797 per ton, rising by 7.9% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 22%. Over the period under review, average import prices reached the peak figure at $826 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,255 per ton), while the price for India totaled $794 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.2%).
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Nepal (FOB) - 2022
The average export price for iron or non-alloy steel wire, not plated or coateds stood at $648 per ton in 2022, remaining constant against the previous year. In general, the export price recorded a perceptible slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 24%. The export price peaked at $952 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to -3.5% per year.
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Nepal
In 2022, the amount of iron or non-alloy steel wire, not plated or coateds imported into Nepal contracted remarkably to 9.6K tons, with a decrease of -18.2% on 2021. Overall, imports saw a perceptible descent. The most prominent rate of growth was recorded in 2021 when imports increased by 16%. As a result, imports attained the peak of 12K tons, and then fell markedly in the following year.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds reduced to $7.6M in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 41%. As a result, imports reached the peak of $8.7M, and then declined in the following year.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Nepal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 7.2 | 6.1 | 8.6 | 7.6 | 1.8% |
| Others | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Total | 7.3 | 6.1 | 8.7 | 7.6 | 1.4% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Nepal in 2022:
- India (9.5K tons)
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Nepal
Exports of iron or non-alloy steel wire, not plated or coateds from Nepal stood at 12 tons in 2022, remaining constant against the previous year. In general, exports recorded a dramatic slump. The smallest decline of -83.5% was in 2020.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds stood at $8K in 2022. Overall, exports saw a significant curtailment. The smallest decline of -88.7% was in 2020.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 143 | 16.1 | N/A | 8.0 | -61.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 143 | 16.1 | N/A | 8.0 | -61.8% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Nepal in 2022:
- India (12.4 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Nepal.
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This report provides an in-depth analysis of the market for iron and steel wire in Nepal.
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