Price for Textiles; Worn Clothing and Other Worn Articles in Nepal - 2022

Contents:

1. Price for Textiles; Worn Clothing and Other Worn Articles in Nepal (CIF) - 2022
2. Price for Textiles; Worn Clothing and Other Worn Articles in Nepal (FOB) - 2022
3. Imports of Textiles; Worn Clothing and Other Worn Articles in Nepal
4. Exports of Textiles; Worn Clothing and Other Worn Articles in Nepal

Price for Textiles; Worn Clothing and Other Worn Articles in Nepal (CIF) - 2022

In 2022, the average import price for textiles; worn clothing and other worn articleses amounted to $1,318 per ton, shrinking by -18.2% against the previous year. In general, the import price showed a perceptible reduction. The most prominent rate of growth was recorded in 2015 an increase of 59%. The import price peaked at $2,636 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 the United States ($7,441 per ton), while the price for Saudi Arabia ($312 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Textiles; Worn Clothing and Other Worn Articles in Nepal (FOB) - 2022

The average export price for textiles; worn clothing and other worn articleses stood at $856 per ton in 2022, growing by 4.2% against the previous year. Over the period under review, the export price, however, saw a pronounced decline. The growth pace was the most rapid in 2017 when the average export price increased by 90% against the previous year. As a result, the export price reached the peak level of $1,435 per ton. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($2,525 per ton), while the average price for exports to the Czech Republic ($514 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+16.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Textiles; Worn Clothing and Other Worn Articles in Nepal

In 2022, imports of textiles; worn clothing and other worn articleses into Nepal soared to 306 tons, growing by 106% compared with the previous year. Overall, imports posted a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of textiles; worn clothing and other worn articleses skyrocketed to $404K in 2022. Over the period under review, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Textiles; Worn Clothing and Other Worn Articles to Nepal in 2022:

1. India (148.2 tons)
2. Belgium (65.1 tons)
3. Saudi Arabia (14.6 tons)
4. Kuwait (7.8 tons)
5. Sri Lanka (6.7 tons)
6. United Kingdom (3.3 tons)
7. United Arab Emirates (2.2 tons)

Exports of Textiles; Worn Clothing and Other Worn Articles in Nepal

In 2022, the amount of textiles; worn clothing and other worn articleses exported from Nepal soared to 49 tons, increasing by 77% on 2021. In general, exports, however, showed a abrupt descent.

In value terms, exports of textiles; worn clothing and other worn articleses surged to $42K in 2022. Over the period under review, exports, however, continue to indicate a abrupt shrinkage.

Top Export Markets for Textiles; Worn Clothing and Other Worn Articles from Nepal in 2022:

1. Czech Republic (43.3 tons)
2. India (3.5 tons)
3. Pakistan (1.4 tons)

Source: IndexBox Market Intelligence Platform