Price for Wire of Other Alloy Steel in Nepal - 2022
Contents:
- Price for Wire of Other Alloy Steel in Nepal (CIF) - 2022
- Imports of Wire of Other Alloy Steel in Nepal
Price for Wire of Other Alloy Steel in Nepal (CIF) - 2022
In 2022, the average import price for wire of other alloy steels amounted to $1,198 per ton, reducing by -7.3% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 37%. The import price peaked at $1,364 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
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 India ($1,385 per ton), while the price for China totaled $647 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.8%).
Imports of Wire of Other Alloy Steel in Nepal
In 2022, approx. 375 tons of wire of other alloy steels were imported into Nepal; increasing by 25% on the previous year's figure. In general, total imports indicated perceptible growth from 2019 to 2022: its volume increased at an average annual rate of +4.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33% 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.
In value terms, wire of other alloy steel imports skyrocketed to $449K in 2022. Over the period under review, total imports indicated a temperate increase from 2019 to 2022: its value increased at an average annual rate of +4.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.5% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 54% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Wire of Other Alloy Steel in Nepal (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 380 | 235 | 345 | 383 | 0.3% |
China | 10.3 | 14.9 | 41.9 | 63.4 | 83.3% |
Others | N/A | N/A | N/A | 2.4 | 0% |
Total | 390 | 250 | 386 | 449 | 4.8% |
Top Suppliers of Wire of Other Alloy Steel to Nepal in 2022:
- India (276.7 tons)
- China (98.0 tons)
This report provides an in-depth analysis of the market for iron and steel wire in Nepal.
This report provides an in-depth analysis of the global market for iron and steel wire.
This report provides an in-depth analysis of the global market for iron and steel wire.
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