Nepal: Hand-Woven Tapestry Market 2024

Hand-Woven Tapestry Market Size in Nepal

In 2022, after two years of decline, there was decline in the Nepalese hand-woven tapestry market, when its value decreased by X% to less than $X. In general, consumption enjoyed a significant increase. Hand-woven tapestry consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Hand-Woven Tapestry Production in Nepal

In value terms, hand-woven tapestry production totaled $X in 2022 estimated in export price. Over the period under review, production showed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Hand-woven tapestry production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Hand-Woven Tapestry Exports

Exports from Nepal

In 2019, hand-woven tapestry exports from Nepal was estimated at X square meters, approximately reflecting the year before. Over the period under review, exports posted prominent growth. The smallest decline of X% was in 2018. The exports peaked in 2019 and are likely to continue growth in the immediate term.

In value terms, hand-woven tapestry exports totaled $X in 2019. In general, exports continue to indicate a deep reduction. The smallest decline of X% was in 2018. The exports peaked at $X in 2017; however, from 2018 to 2019, the exports failed to regain momentum.

Exports by Country

Australia (X square meters) was the main destination for hand-woven tapestry exports from Nepal, with a X% share of total exports. Moreover, hand-woven tapestry exports to Australia exceeded the volume sent to the second major destination, Switzerland (X square meters), sevenfold. France (X square meters) ranked third in terms of total exports with a X% share.

From 2017 to 2019, the average annual growth rate of volume to Australia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and France (X% per year).

In value terms, Switzerland ($X), Australia ($X) and France ($X) were the largest markets for hand-woven tapestry exported from Nepal worldwide, with a combined X% share of total exports. Canada lagged somewhat behind, comprising a further X%.

Among the main countries of destination, Canada, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hand-woven tapestry export price stood at $X per square meter in 2019, remaining constant against the previous year. In general, the export price faced a abrupt decrease. The most prominent rate of growth was recorded in 2018 a decrease of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per square meter in 2017; however, from 2018 to 2019, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per square meter), while the average price for exports to Canada ($X per square meter) was amongst the lowest.

From 2017 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%).

Hand-Woven Tapestry Imports

Imports into Nepal

In 2022, after two years of growth, there was significant decline in overseas purchases of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais, when their volume decreased by X% to X square meters. Over the period under review, imports saw a sharp decline. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X square meters. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, hand-woven tapestry imports declined dramatically to $X in 2022. In general, imports recorded a significant decrease. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, India (X square meters) constituted the largest supplier of hand-woven tapestry to Nepal, accounting for a X% share of total imports. Moreover, hand-woven tapestry imports from India exceeded the figures recorded by the second-largest supplier, China (X square meters), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at X%.

In value terms, India ($X) constituted the largest supplier of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais to Nepal, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from India stood at X%.

Import Prices by Country

In 2022, the average hand-woven tapestry import price amounted to $X per square meter, with a decrease of X% against the previous year. In general, the import price showed a mild downturn. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, import price reached the peak level of $X per square meter. From 2020 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per square meter), while the price for China stood at $X per square meter.

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

Source: IndexBox Platform

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