Price for Hot-Rolled Wire Rod in Coils in Nepal - 2022
Contents:
- Price for Hot-Rolled Wire Rod in Coils in Nepal (CIF) - 2022
- Imports of Hot-Rolled Wire Rod in Coils in Nepal
Price for Hot-Rolled Wire Rod in Coils in Nepal (CIF) - 2022
In 2022, the average import price for hot-rolled wire rods in coils amounted to $709 per ton, with an increase of 11% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 33% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($845 per ton), while the price for China ($229 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.7%).
Imports of Hot-Rolled Wire Rod in Coils in Nepal
In 2022, approx. 121K tons of hot-rolled wire rods in coils were imported into Nepal; reducing by -47.7% on the previous year's figure. In general, imports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year. As a result, imports attained the peak of 232K tons, and then shrank markedly in the following year.
In value terms, hot-rolled wire rod in coils imports dropped dramatically to $86M in 2022. Overall, imports faced a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 52%. As a result, imports attained the peak of $149M, and then shrank sharply in the following year.
| Import of Hot-Rolled Wire Rod in Coils in Nepal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 112 | 92.1 | 143 | 48.9 | -24.1% |
| Malaysia | N/A | N/A | N/A | 15.9 | 0% |
| Indonesia | N/A | N/A | N/A | 15.8 | 0% |
| China | 5.8 | 5.6 | 5.6 | 5.3 | -3.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 118 | 97.7 | 149 | 85.9 | -10.0% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to Nepal in 2022:
- India (59.7K tons)
- China (23.1K tons)
- Malaysia (19.7K tons)
- Indonesia (18.7K tons)
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