Nepal: Man-Made Filament Fabric Market 2024

Man-Made Filament Fabric Market Size in Nepal

The Nepalese man-made filament fabric market totaled $X in 2022, approximately mirroring the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Man-Made Filament Fabric Production in Nepal

In value terms, man-made filament fabric production expanded to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. Man-made filament fabric production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Man-Made Filament Fabric Exports

Exports from Nepal

In 2022, overseas shipments of woven fabrics of man-made filaments and staple fibers were finally on the rise to reach X square meters for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, man-made filament fabric exports stood at $X in 2022. Overall, exports, however, continue to indicate a abrupt curtailment. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X square meters) was the main destination for man-made filament fabric exports from Nepal, accounting for a X% share of total exports. Moreover, man-made filament fabric exports to China exceeded the volume sent to the second major destination, Germany (X square meters), threefold. The United States (X square meters) ranked third in terms of total exports with less than X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the United States (X% per year).

In value terms, China ($X) remains the key foreign market for woven fabrics of man-made filaments and staple fibers exports from Nepal, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by the United States, with less than X% share.

From 2012 to 2021, the average annual growth rate of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the United States (X% per year).

Export Prices by Country

The average man-made filament fabric export price stood at $X per square meter in 2021, surging by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Slovenia ($X per square meter), while the average price for exports to Thailand ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Man-Made Filament Fabric Imports

Imports into Nepal

In 2022, imports of woven fabrics of man-made filaments and staple fibers into Nepal fell to X square meters, waning by X% on the previous year's figure. In general, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports attained the peak figure at X square meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, man-made filament fabric imports declined markedly to $X in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced remarkably in the following year.

Imports by Country

In 2021, China (X square meters) was the main supplier of man-made filament fabric to Nepal, with a X% share of total imports. Moreover, man-made filament fabric imports from China exceeded the figures recorded by the second-largest supplier, India (X square meters), fivefold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Japan (X% per year).

In value terms, the largest man-made filament fabric suppliers to Nepal were China ($X), India ($X) and Japan ($X).

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average man-made filament fabric import price amounted to $X per square meter, jumping by X% against the previous year. In general, the import price saw a strong increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per square meter in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per square meter), while the price for Japan ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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