Price for Steel, Alloy; Ingots and Other Primary Forms in Nepal - 2022
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Nepal (CIF) - 2022
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Nepal
Price for Steel, Alloy; Ingots and Other Primary Forms in Nepal (CIF) - 2022
In 2022, the average import price for steel, alloy; ingots and other primary formses amounted to $2,486 per ton, waning by -49.5% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 67% against the previous year. The import price peaked at $7,357 per ton in 2020; however, from 2021 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 -0.2% per year.
Imports of Steel, Alloy; Ingots and Other Primary Forms in Nepal
In 2022, imports of steel, alloy; ingots and other primary formses into Nepal reduced notably to 70 kg, with a decrease of -76.7% on the year before. Overall, imports recorded a precipitous setback. The pace of growth was the most pronounced in 2021 when imports increased by 971%.
In value terms, imports of steel, alloy; ingots and other primary formses reduced remarkably to $174 in 2022. Over the period under review, imports faced a dramatic setback. The most prominent rate of growth was recorded in 2021 when imports increased by 617%.
Import of Steel, Alloy; Ingots and Other Primary Forms in Nepal (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 2.3 | 0.2 | 1.5 | 0.2 | -55.7% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 2.3 | 0.2 | 1.5 | 0.2 | -55.7% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Nepal in 2022:
- India (70.0 kg)
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Nepal.
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
Explore the top import markets for raw steel and steel semi-finished products worldwide. Get key statistics and insights from the IndexBox market intelligence platform.
The beginning of 2021 saw a sharp increase in the steel demand, while metallurgical plants were still recovering from the operational downtime incurred during the lockdown. This market disbalance leads to an increase in steel prices. The recovery of the automotive sector and other downstream industries in 2020, at a faster pace than expected, generates the conditions for robust steel demand in the medium term.
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