Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Nepal - 2022
Contents:
- Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Nepal (CIF) - 2022
- Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Nepal
Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Nepal (CIF) - 2022
The average import price for silicates; of sodium (excluding sodium metasilicates)s stood at $342 per ton in 2022, with an increase of 55% against the previous year. In general, the import price, however, saw a noticeable shrinkage. Over the period under review, average import prices hit record highs at $424 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 -2.1% per year.
Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Nepal
After three years of growth, purchases abroad of silicates; of sodium (excluding sodium metasilicates)s decreased by -9.3% to 6K tons in 2022. The total import volume increased at an average annual rate of +8.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 25% against the previous year.
In value terms, imports of silicates; of sodium (excluding sodium metasilicates)s skyrocketed to $2M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +18.9% 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 +68.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Silicates; of Sodium (Excluding Sodium Metasilicates) in Nepal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.2 | 1.4 | 1.5 | 2.0 | 18.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.2 | 1.4 | 1.5 | 2.0 | 18.6% |
Top Suppliers of Silicates; of Sodium (Excluding Sodium Metasilicates) to Nepal in 2022:
- India (6.0K tons)
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