Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Nepal - 2022
Contents:
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Nepal (CIF) - 2022
- Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Nepal
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Nepal (CIF) - 2022
The average import price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses stood at $3,784 per ton in 2022, picking up by 55% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($4,455 per ton), while the price for India amounted to $3,710 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.2%).
Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Nepal
For the fourth year in a row, Nepal recorded growth in overseas purchases of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses, which increased by 75% to 279 tons in 2022. Over the period under review, imports recorded a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 485%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses skyrocketed to $1.1M in 2022. In general, imports showed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 498% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 4.1 | 15.9 | 242 | 945 | 513.1% |
| China | 15.1 | 101 | 144 | 108 | 92.7% |
| Others | 0.5 | 1.9 | 4.1 | 3.3 | 87.6% |
| Total | 19.8 | 118 | 390 | 1,056 | 276.4% |
Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less to Nepal in 2022:
- India (254.7 tons)
- China (24.2 tons)
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