Nepal - Iron Or Steel Wool - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Wool Price in Nepal - 2022
Contents:
- Metal Wool Price in Nepal (CIF) - 2022
- Metal Wool Price in Nepal (FOB) - 2022
- Metal Wool Imports in Nepal
- Metal Wool Exports in Nepal
Metal Wool Price in Nepal (CIF) - 2022
In 2022, the average metal wool import price amounted to $1,540 per ton, shrinking by -7.5% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 24%. Over the period under review, average import prices reached the peak figure at $1,665 per ton in 2021, and then fell in the following year.
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 ($1,891 per ton), while the price for China stood at $1,216 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.2%).
Metal Wool Price in Nepal (FOB) - 2022
The average metal wool export price stood at $4,884 per ton in 2022, waning by -37.1% against the previous year. In general, the export price, however, showed a strong increase. The most prominent rate of growth was recorded in 2021 an increase of 90%. As a result, the export price attained the peak level of $7,765 per ton, and then reduced sharply in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($20,720 per ton), while the average price for exports to Japan ($2,100 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+9.1%), while the prices for the other major destinations experienced mixed trend patterns.
Metal Wool Imports in Nepal
Metal wool imports into Nepal reduced notably to 218 tons in 2022, dropping by -34.9% compared with 2021. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 56% against the previous year. As a result, imports attained the peak of 335 tons, and then shrank notably in the following year.
In value terms, metal wool imports contracted dramatically to $336K in 2022. Over the period under review, imports showed a mild shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 79% against the previous year. As a result, imports attained the peak of $558K, and then plummeted in the following year.
Import of Metal Wool in Nepal (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 147 | 103 | 229 | 173 | 5.6% |
China | 185 | 199 | 303 | 153 | -6.1% |
Others | 13.7 | 9.9 | 25.8 | 9.7 | -10.9% |
Total | 346 | 311 | 558 | 336 | -1.0% |
Top Suppliers of Metal Wool to Nepal in 2022:
- China (125.5 tons)
- India (91.6 tons)
Metal Wool Exports in Nepal
In 2022, shipments abroad of iron or steel wool decreased by -63.3% to 593 kg, falling for the second consecutive year after two years of growth. Overall, exports showed a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 53% against the previous year. As a result, the exports attained the peak of 1.7 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, metal wool exports contracted remarkably to $2.9K in 2022. Over the period under review, exports showed a drastic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 78% against the previous year. As a result, the exports attained the peak of $13K, and then dropped rapidly in the following year.
Export of Metal Wool in Nepal (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1.7 | 1.1 | 0.1 | 2.3 | 10.6% |
United Arab Emirates | N/A | N/A | N/A | 0.5 | 0% |
Japan | 2.5 | 3.6 | 0.7 | 0.1 | -65.8% |
Singapore | 0.9 | N/A | N/A | N/A | 0% |
Australia | N/A | N/A | 11.7 | N/A | 0% |
Others | 0.2 | 2.3 | 0.1 | N/A | -29.3% |
Total | 5.3 | 7.0 | 12.5 | 2.9 | -18.2% |
Top Export Markets for Metal Wool from Nepal in 2022:
- United States (538.0 kg)
- Japan (30.0 kg)
- United Arab Emirates (25.0 kg)
This report provides an in-depth analysis of the metal wool market in Nepal. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25991280 - Iron or steel wool, pot scourers and scouring or polishing pads, and gloves and the like
Country coverage:
- Nepal
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nepal
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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