Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Nepal - 2022

Contents:

1. Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Nepal (CIF) - 2022
2. Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Nepal (FOB) - 2022
3. Imports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Nepal
4. Exports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Nepal

Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Nepal (CIF) - 2022

In 2022, the average import price for yarn of other vegetable textile fibres; paper yarns amounted to $6,462 per ton, with an increase of 30% against the previous year. Over the period under review, the import price posted a buoyant expansion. The pace of growth was the most pronounced in 2016 an increase of 36%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual 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 China ($108,361 per ton), while the price for India totaled $5,566 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+37.2%).

Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Nepal (FOB) - 2022

In 2022, the average export price for yarn of other vegetable textile fibres; paper yarns amounted to $8,796 per ton, reducing by -5.6% against the previous year. In general, the export price showed a pronounced slump. The pace of growth was the most pronounced in 2021 an increase of 14%. The export price peaked at $13,682 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($28,768 per ton), while the average price for exports to India ($1,922 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 China (+18.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Nepal

In 2022, the amount of yarn of other vegetable textile fibres; paper yarns imported into Nepal dropped notably to 30 tons, falling by -55.1% against the previous year. In general, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 61%. As a result, imports reached the peak of 68 tons, and then plummeted in the following year.

In value terms, imports of yarn of other vegetable textile fibres; paper yarns reduced notably to $197K in 2022. Overall, imports saw a mild curtailment. The growth pace was the most rapid in 2021 when imports increased by 80% against the previous year. As a result, imports reached the peak of $338K, and then dropped dramatically in the following year.

Top Suppliers of Yarn of Other Vegetable Textile Fibres; Paper Yarn to Nepal in 2022:

1. India (30.2 tons)

Exports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Nepal

For the fourth consecutive year, Nepal recorded growth in overseas shipments of yarn of other vegetable textile fibres; paper yarns, which increased by 32% to 1.1 tons in 2022. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 50%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of yarn of other vegetable textile fibres; paper yarns skyrocketed to $9.9K in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +24.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +94.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 25%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

Top Export Markets for Yarn of Other Vegetable Textile Fibres; Paper Yarn from Nepal in 2022:

1. India (306.0 kg)
2. United States (290.0 kg)
3. Canada (110.0 kg)
4. Germany (95.0 kg)
5. Finland (88.0 kg)
6. Japan (69.0 kg)
7. Russia (62.0 kg)
8. Taiwan (Chinese) (27.0 kg)
9. China (26.0 kg)
10. South Korea (18.0 kg)

Source: IndexBox Market Intelligence Platform