Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Nepal - 2022
Contents:
- Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Nepal (CIF) - 2022
- Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Nepal (FOB) - 2022
- Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Nepal
- Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Nepal
Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Nepal (CIF) - 2022
In 2022, the average import price for sanitary ware and parts thereof, of iron or steel amounted to $8.6 per unit, with an increase of 36% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($9 per unit), while the price for Germany ($5.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Nepal (FOB) - 2022
In 2022, the average export price for sanitary ware and parts thereof, of iron or steel amounted to $19 per unit, which is down by -10.2% against the previous year. Over the period under review, the export price, however, showed tangible growth. The growth pace was the most rapid in 2015 an increase of 86%. The export price peaked at $21 per unit in 2021, and then dropped in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($34 per unit), while the average price for exports to Thailand ($3.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+28.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Nepal
In 2022, approx. 727K units of sanitary ware and parts thereof, of iron or steel were imported into Nepal; waning by -37.7% on the previous year. Over the period under review, imports saw a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 77%. As a result, imports reached the peak of 1.2M units, and then fell sharply in the following year.
In value terms, imports of sanitary ware and parts thereof, of iron or steel dropped markedly to $6.3M in 2022. Overall, imports continue to indicate a mild decline. The pace of growth appeared the most rapid in 2021 when imports increased by 59% against the previous year. As a result, imports attained the peak of $7.4M, and then contracted remarkably in the following year.
| Import of Sanitary Ware and Parts Thereof, of Iron or Steel in Nepal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 4.7 | 3.6 | 5.5 | 4.6 | -0.7% |
| China | 1.6 | 1.0 | 1.8 | 1.6 | 0.0% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 6.4 | 4.6 | 7.4 | 6.3 | -0.5% |
Top Suppliers of Sanitary Ware and Parts Thereof, of Iron or Steel to Nepal in 2022:
- India (505.9K units)
- China (207.1K units)
Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Nepal
In 2022, approx. 263 units of sanitary ware and parts thereof, of iron or steel were exported from Nepal; picking up by 99% compared with the previous year's figure. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 355%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of sanitary ware and parts thereof, of iron or steel surged to $5.1K in 2022. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 375% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Sanitary Ware and Parts Thereof, of Iron or Steel in Nepal (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 817 | 320 | 2,647 | 4,570 | 77.5% |
| Thailand | 199 | 39.0 | 162 | 386 | 24.7% |
| Canada | N/A | N/A | N/A | 67.0 | 0% |
| China | 25.0 | 4.0 | 15.0 | 31.0 | 7.4% |
| South Korea | N/A | 117 | N/A | N/A | 0% |
| Iceland | 83.0 | N/A | N/A | N/A | 0% |
| Others | N/A | 115 | N/A | N/A | 0% |
| Total | 1,124 | 595 | 2,824 | 5,054 | 65.1% |
Top Export Markets for Sanitary Ware and Parts Thereof, of Iron or Steel from Nepal in 2022:
- Switzerland (133.0 units)
- Thailand (114.0 units)
- Canada (9.0 units)
- China (7.0 units)
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