Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Nepal - 2022

Contents:

1. Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Nepal (FOB) - 2022
2. Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Nepal (CIF) - 2022
3. Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Nepal
4. Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Nepal

Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Nepal (FOB) - 2022

In 2022, the average export price for iron or non-alloy steel wire, plated or coated with zincs amounted to $852 per ton, standing approx. at the previous year. In general, the export price saw a slight curtailment. The pace of growth appeared the most rapid in 2017 an increase of 16%. Over the period under review, the average export prices hit record highs at $1,004 per ton in 2012; however, from 2013 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 -1.6% per year.

Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Nepal (CIF) - 2022

In 2022, the average import price for iron or non-alloy steel wire, plated or coated with zincs amounted to $1,068 per ton, flattening at the previous year. In general, the import price enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 35% against the previous year. Over the period under review, average import prices attained the maximum 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 China ($2,084 per ton), while the price for India stood at $1,068 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.5%).

Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Nepal

In 2022, after two years of decline, there was decline in overseas shipments of iron or non-alloy steel wire, plated or coated with zincs, when their volume decreased by 0% to 2.4K tons. Over the period under review, exports continue to indicate a sharp decline. The smallest decline of 99.9% was in 2020.

In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs stood at $2.1M in 2022. Overall, exports saw a sharp decrease. The smallest decline of 99.9% was in 2020.

Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Nepal in 2022:

1. India (2.4K tons)

Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Nepal

After two years of decline, overseas purchases of iron or non-alloy steel wire, plated or coated with zincs decreased by 0% to 935 tons in 2022. Overall, imports enjoyed a pronounced increase. The smallest decline of 99.9% was in 2020. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs totaled $998K in 2022. In general, imports recorded strong growth. The smallest decline of 99.9% was in 2020. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Nepal in 2022:

1. India (934.1 tons)
2. China (0.5 tons)

Source: IndexBox Market Intelligence Platform