Price for New Pneumatic Tyres, of Rubber in Nepal - 2022

Contents:

1. Price for New Pneumatic Tyres, of Rubber in Nepal (CIF) - 2022
2. Price for New Pneumatic Tyres, of Rubber in Nepal (FOB) - 2022
3. Imports of New Pneumatic Tyres, of Rubber in Nepal
4. Exports of New Pneumatic Tyres, of Rubber in Nepal

Price for New Pneumatic Tyres, of Rubber in Nepal (CIF) - 2022

The average import price for new pneumatic tyres, of rubbers stood at $23 per unit in 2022, falling by -23.9% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, new pneumatic tyres, of rubber import price decreased by -36.8% against 2018 indices. The pace of growth appeared the most rapid in 2017 an increase of 30% against the previous year. The import price peaked at $36 per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($33 per unit), while the price for India amounted to $22 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.7%).

Price for New Pneumatic Tyres, of Rubber in Nepal (FOB) - 2022

In 2022, the average export price for new pneumatic tyres, of rubbers amounted to $1,302 per unit, increasing by 1,578% against the previous year. In general, the export price saw a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +19.9% per year.

Imports of New Pneumatic Tyres, of Rubber in Nepal

New pneumatic tyres, of rubber imports into Nepal reduced slightly to 2.9M units in 2022, which is down by -3.7% against the previous year's figure. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +6.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 54%. As a result, imports reached the peak of 3M units, and then declined slightly in the following year.

In value terms, new pneumatic tyres, of rubber imports declined sharply to $66M in 2022. Overall, imports saw a perceptible decline. The pace of growth appeared the most rapid in 2021 with an increase of 54% against the previous year. As a result, imports attained the peak of $90M, and then shrank rapidly in the following year.

Top Suppliers of New Pneumatic Tyres, of Rubber to Nepal in 2022:

1. India (2708.6K units)
2. China (67.6K units)

Exports of New Pneumatic Tyres, of Rubber in Nepal

In 2022, new pneumatic tyres, of rubber exports from Nepal dropped notably to 15 units, with a decrease of -96.7% on 2021 figures. Overall, exports faced a sharp decrease. The smallest decline of -30.3% was in 2020. The exports peaked at 1.3K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, new pneumatic tyres, of rubber exports fell sharply to $20K in 2022. In general, exports showed a significant decrease. The smallest decline of -34.1% was in 2020. Over the period under review, the exports reached the maximum at $112K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for New Pneumatic Tyres, of Rubber from Nepal in 2022:

1. United States (15.0 units)

Source: IndexBox Market Intelligence Platform