Electric Rotary Converter Price in Nepal - 2022
Contents:
Electric Rotary Converter Price in Nepal (CIF) - 2022
The average electric rotary converter import price stood at $60 per unit in 2022, stabilizing at the previous year. Overall, the import price continues to indicate a slight increase. The growth pace was the most rapid in 2018 when the average import price increased by 156% against the previous year. Over the period under review, average import prices reached the maximum at $163 per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($415 per unit), while the price for France ($35 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+24.2%), while the prices for the other major suppliers experienced a decline.
Electric Rotary Converter Imports in Nepal
In 2022, after three years of growth, there was significant decline in supplies from abroad of electric rotary converters, when their volume decreased by -10.8% to 703 units. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 243%. As a result, imports attained the peak of 788 units, and then fell in the following year.
In value terms, electric rotary converter imports shrank to $42K in 2022. The total import value increased at an average annual rate of +10.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. As a result, imports reached the peak of $47K, and then declined in the following year.
| Import of Electric Rotary Converter in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.1 | 0.4 | 5.0 | 21.4 | 498.1% |
| India | 22.2 | 21.7 | 6.9 | 10.6 | -21.8% |
| Germany | 8.7 | 10.3 | 34.8 | 10.2 | 5.4% |
| France | 0.2 | 0.2 | 0.6 | 0.1 | -20.6% |
| Others | N/A | 4.8 | N/A | N/A | 0% |
| Total | 31.3 | 37.5 | 47.3 | 42.4 | 10.6% |
Top Suppliers of Electric Rotary Converter to Nepal in 2022:
- China (531.0 units)
- Germany (142.0 units)
- India (26.0 units)
- France (4.0 units)
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