Alkali Metals; Sodium Price in Nepal - 2022
Contents:
Alkali Metals; Sodium Price in Nepal (CIF) - 2022
The average alkali metals; sodium import price stood at $971 per ton in 2022, growing by 5.6% against the previous year. Over the period under review, the import price recorded a measured expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 65%. The import price peaked at $1,688 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +2.8% per year.
Alkali Metals; Sodium Imports in Nepal
In 2022, overseas purchases of alkali metals; sodia decreased by -75.3% to 3.5 tons, falling for the second year in a row after two years of growth. Overall, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,309%. As a result, imports reached the peak of 25 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, alkali metals; sodium imports declined significantly to $3.4K in 2022. Over the period under review, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 1,167% against the previous year. As a result, imports reached the peak of $14K. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Alkali Metals; Sodium in Nepal (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 1.1 | 13.7 | 12.9 | 3.4 | 45.7% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 1.1 | 13.7 | 12.9 | 3.4 | 45.7% |
Top Suppliers of Alkali Metals; Sodium to Nepal in 2022:
- India (3.5 tons)
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