Motorcycle Tire Price in Nepal - 2022
Contents:
Motorcycle Tire Price in Nepal (CIF) - 2022
The average motorcycle tire import price stood at $12 per unit in 2022, stabilizing at the previous year. Over the period under review, the import price continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2021 an increase of 6.8% against the previous year. The import price peaked at $17 per unit in 2013; however, from 2014 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 -2.5% per year.
Motorcycle Tire Imports in Nepal
In 2022, the amount of new pneumatic tyres for motorcycles imported into Nepal declined significantly to 756K units, reducing by -22.5% against the previous year. Overall, total imports indicated a mild increase from 2019 to 2022: its volume increased at an average annual rate of +1.5% 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 +27.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 65% against the previous year. As a result, imports reached the peak of 976K units, and then reduced markedly in the following year.
In value terms, motorcycle tire imports contracted remarkably to $9.3M in 2022. In general, total imports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +2.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 76% against the previous year. As a result, imports reached the peak of $12M, and then fell significantly in the following year.
| Import of Motorcycle Tire in Nepal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 8.4 | 6.8 | 11.9 | 9.1 | 2.7% |
| Others | 0.3 | 0.2 | 0.4 | 0.2 | -12.6% |
| Total | 8.7 | 7.0 | 12.2 | 9.3 | 2.2% |
Top Suppliers of Motorcycle Tire to Nepal in 2022:
- India (744.2K units)
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