Price for Magnesium; Articles Thereof, Including Waste and Scrap in Nepal - 2022
Contents:
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in Nepal (CIF) - 2022
- Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Nepal
Price for Magnesium; Articles Thereof, Including Waste and Scrap in Nepal (CIF) - 2022
The average import price for magnesium; articles thereof, including waste and scrap stood at $4,530 per ton in 2022, shrinking by -17.8% against the previous year. In general, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the average import price increased by 79%. The import price peaked at $5,511 per ton in 2021, and then declined dramatically in the following year.
As there is only one major supplying country, 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.
Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Nepal
Imports of magnesium; articles thereof, including waste and scrap into Nepal totaled 47 tons in 2022, picking up by 8% against 2021 figures. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 194%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, imports of magnesium; articles thereof, including waste and scrap reduced to $211K in 2022. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 203%. As a result, imports attained the peak of $237K, and then dropped in the following year.
Import of Magnesium; Articles Thereof, Including Waste and Scrap in Nepal (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 43.5 | 78.3 | 237 | 211 | 69.3% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 43.5 | 78.3 | 237 | 211 | 69.3% |
Top Suppliers of Magnesium; Articles Thereof, Including Waste and Scrap to Nepal in 2022:
- India (46.5 tons)
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