Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Nepal - 2022
Contents:
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Nepal (CIF) - 2022
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Nepal (FOB) - 2022
- Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Nepal
- Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Nepal
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Nepal (CIF) - 2022
In 2022, the average import price for machines and mechanical appliances; parts, of those having individual functionses amounted to $5,962 per ton, falling by -12.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. The pace of growth appeared the most rapid in 2013 an increase of 86% against the previous year. As a result, import price attained the peak level of $7,889 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
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 ($8,302 per ton), while the price for India stood at $4,949 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.3%).
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Nepal (FOB) - 2022
In 2022, the average export price for machines and mechanical appliances; parts, of those having individual functionses amounted to $13,239 per ton, waning by -70.7% against the previous year. Overall, the export price showed a abrupt curtailment. The growth pace was the most rapid in 2018 an increase of 91% against the previous year. Over the period under review, the average export prices attained the peak figure at $70,928 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($125,043 per ton), while the average price for exports to Switzerland ($4,000 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 Norway (+31.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Nepal
In 2022, after three years of growth, there was significant decline in purchases abroad of machines and mechanical appliances; parts, of those having individual functionses, when their volume decreased by -22.8% to 827 tons. Overall, imports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 80%. As a result, imports attained the peak of 1.1K tons, and then contracted sharply in the following year.
In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses contracted markedly to $4.9M in 2022. Over the period under review, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 80%. As a result, imports attained the peak of $7.3M, and then dropped notably in the following year.
| Import of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Nepal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.1 | 3.4 | 5.2 | 3.8 | 7.0% |
| China | 0.4 | 0.2 | 0.8 | 0.4 | 0.0% |
| Others | 0.7 | 0.4 | 1.3 | 0.7 | 0.0% |
| Total | 4.1 | 4.0 | 7.3 | 4.9 | 6.1% |
Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Nepal in 2022:
- India (771.3 tons)
- China (47.5 tons)
Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Nepal
In 2022, exports of machines and mechanical appliances; parts, of those having individual functionses from Nepal soared to 355 kg, jumping by 94% against the previous year's figure. In general, exports, however, faced a precipitous descent.
In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses contracted significantly to $4.7K in 2022. Overall, exports, however, saw a sharp decline. The pace of growth appeared the most rapid in 2021 when exports increased by 165% against the previous year.
| Export of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | N/A | N/A | 1.8 | 2.9 | 61.1% |
| Switzerland | N/A | N/A | 0.3 | 1.0 | 233.3% |
| Mozambique | N/A | N/A | N/A | 0.7 | 0% |
| United States | 4.3 | N/A | N/A | N/A | 0% |
| India | 26.7 | 1.4 | N/A | N/A | -94.8% |
| Singapore | 5.3 | 1.6 | 4.9 | N/A | -3.8% |
| Others | 0.5 | 0.2 | 1.3 | 0.1 | -41.5% |
| Total | 36.9 | 3.1 | 8.3 | 4.7 | -49.7% |
Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Nepal in 2022:
- Switzerland (249.0 kg)
- Mozambique (82.0 kg)
- Norway (23.0 kg)
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