Price for Safety Pins and Other Pins; of Iron or Steel in Nepal - 2022

Contents:

1. Price for Safety Pins and Other Pins; of Iron or Steel in Nepal (CIF) - 2022
2. Price for Safety Pins and Other Pins; of Iron or Steel in Nepal (FOB) - 2022
3. Imports of Safety Pins and Other Pins; of Iron or Steel in Nepal
4. Exports of Safety Pins and Other Pins; of Iron or Steel in Nepal

Price for Safety Pins and Other Pins; of Iron or Steel in Nepal (CIF) - 2022

In 2022, the average import price for safety pins and other pins; of iron or steels amounted to $5,216 per ton, with an increase of 18% against the previous year. In general, the import price, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2015 an increase of 27%. Over the period under review, average import prices hit record highs at $10,646 per ton in 2016; however, from 2017 to 2022, 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 Japan ($17,408 per ton), while the price for China ($4,697 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.2%), while the prices for the other major suppliers experienced a decline.

Price for Safety Pins and Other Pins; of Iron or Steel in Nepal (FOB) - 2022

The average export price for safety pins and other pins; of iron or steels stood at $12,184 per ton in 2022, falling by -44.6% against the previous year. Over the period under review, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2019 an increase of 88% against the previous year. As a result, the export price attained the peak level of $108,929 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($12,250 per ton), while the average price for exports to Sweden totaled $12,178 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-18.9%).

Imports of Safety Pins and Other Pins; of Iron or Steel in Nepal

Imports of safety pins and other pins; of iron or steels into Nepal soared to 28 tons in 2022, surging by 31% on 2021 figures. In general, imports saw a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 496% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of safety pins and other pins; of iron or steels soared to $145K in 2022. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 464% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Safety Pins and Other Pins; of Iron or Steel to Nepal in 2022:

1. China (22.3 tons)
2. India (4.5 tons)
3. Japan (0.6 tons)

Exports of Safety Pins and Other Pins; of Iron or Steel in Nepal

Exports of safety pins and other pins; of iron or steels from Nepal skyrocketed to 49 kg in 2022, growing by 1,533% compared with 2021. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of safety pins and other pins; of iron or steels soared to $597 in 2022. Overall, exports, however, faced a dramatic curtailment.

Top Export Markets for Safety Pins and Other Pins; of Iron or Steel from Nepal in 2022:

1. Sweden (45.0 kg)
2. China (4.0 kg)

Source: IndexBox Market Intelligence Platform