Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Nepal - 2022
Contents:
- Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Nepal (CIF) - 2022
- Imports of Wadding; Other Articles Thereof, of Man-Made Fibres in Nepal
Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Nepal (CIF) - 2022
In 2022, the average import price for wadding; other articles thereof, of man-made fibreses amounted to $27,161 per ton, growing by 94% against the previous year. Overall, the import price posted buoyant growth. The growth pace was the most rapid in 2018 when the average import price increased by 95% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($40,458 per ton), while the price for India ($9,466 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+131.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Wadding; Other Articles Thereof, of Man-Made Fibres in Nepal
In 2022, approx. 254 tons of wadding; other articles thereof, of man-made fibreses were imported into Nepal; which is down by -41.7% on the previous year's figure. Overall, imports, however, recorded pronounced growth. The most prominent rate of growth was recorded in 2021 when imports increased by 105% against the previous year. As a result, imports attained the peak of 436 tons, and then reduced notably in the following year.
In value terms, imports of wadding; other articles thereof, of man-made fibreses expanded markedly to $6.9M in 2022. In general, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 72% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Wadding; Other Articles Thereof, of Man-Made Fibres in Nepal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | N/A | N/A | N/A | 5.8 | 0% |
| India | 2.4 | 3.2 | 5.0 | 1.0 | -25.3% |
| Philippines | 0.7 | 0.3 | 0.9 | 0.1 | -47.7% |
| Others | 0.1 | 0.1 | 0.2 | N/A | 41.4% |
| Total | 3.1 | 3.5 | 6.1 | 6.9 | 30.6% |
Top Suppliers of Wadding; Other Articles Thereof, of Man-Made Fibres to Nepal in 2022:
- Lithuania (143.4 tons)
- India (103.6 tons)
- Philippines (6.1 tons)
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