Isolating Switch Price in Nepal - 2022
Contents:
Isolating Switch Price in Nepal (CIF) - 2022
The average isolating switch import price stood at $53 per unit in 2022, rising by 10% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 23% against the previous year. As a result, import price reached the peak level of $54 per unit. From 2019 to 2022, the average import prices failed to regain momentum.
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 Singapore ($92 per unit), while the price for China ($51 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+10.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Isolating Switch Imports in Nepal
In 2022, after three years of growth, there was significant decline in purchases abroad of isolating switches & make-and-break switches, when their volume decreased by -27.5% to 27K units. In general, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 70% against the previous year. As a result, imports attained the peak of 37K units, and then contracted dramatically in the following year.
In value terms, isolating switch imports contracted sharply to $1.4M in 2022. Overall, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 67% against the previous year. As a result, imports reached the peak of $1.8M, and then reduced markedly in the following year.
| Import of Isolating Switch in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 317 | 855 | 1,483 | 1,069 | 50.0% |
| China | 424 | 152 | 276 | 287 | -12.2% |
| Singapore | 16.7 | 44.1 | 34.8 | 41.7 | 35.7% |
| Bangladesh | 18.8 | 26.4 | 13.1 | 40.8 | 29.5% |
| Others | 2.9 | 6.8 | 5.9 | 10.0 | 51.1% |
| Total | 779 | 1,084 | 1,813 | 1,448 | 23.0% |
Top Suppliers of Isolating Switch to Nepal in 2022:
- India (20.6K units)
- China (5.7K units)
- Singapore (0.5K units)
- Bangladesh (0.5K units)
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