Price for Cutlery; Other than Plated with Precious Metal in Nepal - 2022
Contents:
- Price for Cutlery; Other than Plated with Precious Metal in Nepal (CIF) - 2022
- Price for Cutlery; Other than Plated with Precious Metal in Nepal (FOB) - 2022
- Imports of Cutlery; Other than Plated with Precious Metal in Nepal
- Exports of Cutlery; Other than Plated with Precious Metal in Nepal
Price for Cutlery; Other than Plated with Precious Metal in Nepal (CIF) - 2022
The average import price for cutlery; other than plated with precious metals stood at $3,481 per ton in 2022, jumping by 28% against the previous year. Overall, the import price, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2018 an increase of 117%. Over the period under review, average import prices reached the peak figure at $11,035 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 China ($7,043 per ton), while the price for India amounted to $2,988 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.0%).
Price for Cutlery; Other than Plated with Precious Metal in Nepal (FOB) - 2022
In 2022, the average export price for cutlery; other than plated with precious metals amounted to $700 per ton, waning by -95.1% against the previous year. In general, the export price showed a significant curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by 71% against the previous year. As a result, the export price reached the peak level of $17,868 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Japan.
From 2012 to 2022, the rate of growth in terms of prices for Ethiopia amounted to +38.6% per year.
Imports of Cutlery; Other than Plated with Precious Metal in Nepal
Imports of cutlery; other than plated with precious metals into Nepal fell markedly to 295 tons in 2022, waning by -29.6% compared with 2021. In general, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 433%. As a result, imports reached the peak of 420 tons, and then fell sharply in the following year.
In value terms, imports of cutlery; other than plated with precious metals reduced to $1M in 2022. Over the period under review, total imports indicated a measured increase from 2019 to 2022: its value increased at an average annual rate of +2.0% 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 +61.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 80% against the previous year. As a result, imports attained the peak of $1.1M, and then fell in the following year.
| Import of Cutlery; Other than Plated with Precious Metal in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 923 | 449 | 901 | 810 | -4.3% |
| China | 37.4 | 170 | 242 | 130 | 51.5% |
| Others | 8.3 | 17.9 | 2.1 | 87.5 | 119.3% |
| Total | 969 | 636 | 1,145 | 1,028 | 2.0% |
Top Suppliers of Cutlery; Other than Plated with Precious Metal to Nepal in 2022:
- India (271.0 tons)
- China (18.5 tons)
Exports of Cutlery; Other than Plated with Precious Metal in Nepal
Exports of cutlery; other than plated with precious metals from Nepal contracted notably to 30 kg in 2022, dropping by -92.5% against 2021 figures. Overall, exports continue to indicate a sharp contraction. The growth pace was the most rapid in 2021 when exports increased by 611% against the previous year. As a result, the exports reached the peak of 398 kg, and then dropped notably in the following year.
In value terms, exports of cutlery; other than plated with precious metals declined dramatically to $21 in 2022. In general, exports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 555%. As a result, the exports attained the peak of $5.7K, and then reduced remarkably in the following year.
| Export of Cutlery; Other than Plated with Precious Metal in Nepal (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | N/A | N/A | 21.0 | 0% |
| Hong Kong SAR | 336 | N/A | N/A | N/A | 0% |
| Netherlands | N/A | 585 | 144 | N/A | -75.4% |
| Morocco | 545 | N/A | N/A | N/A | 0% |
| United Kingdom | N/A | N/A | 1,752 | N/A | 0% |
| Iceland | N/A | N/A | 281 | N/A | 0% |
| Ethiopia | 796 | N/A | 281 | N/A | -40.6% |
| Australia | N/A | N/A | 2,808 | N/A | 0% |
| Others | 71.0 | 280 | 401 | N/A | 137.7% |
| Total | 1,748 | 865 | 5,667 | 21.0 | -77.1% |
Top Export Markets for Cutlery; Other than Plated with Precious Metal from Nepal in 2022:
- Japan (30.0 kg)
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