Price for Textile Machinery; Spinning Machines in Nepal - 2022
Contents:
- Price for Textile Machinery; Spinning Machines in Nepal (CIF) - 2022
- Imports of Textile Machinery; Spinning Machines in Nepal
Price for Textile Machinery; Spinning Machines in Nepal (CIF) - 2022
The average textile machinery; spinning machines import price stood at $69,520 per unit in 2022, rising by 1,206% against the previous year. Overall, the import price saw significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 ($323,935 per unit), while the price for India ($5,761 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+139.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Textile Machinery; Spinning Machines in Nepal
After three years of growth, supplies from abroad of textile machinery; spinning machineses decreased by -87% to 78 units in 2022. Overall, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 319% against the previous year. As a result, imports reached the peak of 599 units, and then shrank rapidly in the following year.
In value terms, textile machinery; spinning machines imports skyrocketed to $5.4M in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 1,982% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Textile Machinery; Spinning Machines in Nepal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | 4.1 | 1.3 | 4.9 | 9.3% |
| China | N/A | N/A | N/A | 0.4 | 0% |
| India | 0.2 | 0.3 | 1.9 | 0.2 | 0.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.2 | 4.5 | 3.2 | 5.4 | 200.0% |
Top Suppliers of Textile Machinery; Spinning Machines to Nepal in 2022:
- India (37.0 units)
- China (26.0 units)
- Japan (15.0 units)
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