Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Nepal - 2022

Contents:

  1. Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Nepal (CIF) - 2022
  2. Imports of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Nepal

Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Nepal (CIF) - 2022

In 2022, the average import price for clock movements; complete and assembled, other than battery, accumulator or mains powereds amounted to $0.4 per unit, reducing by -60.4% against the previous year. Overall, the import price showed a sharp curtailment. The pace of growth was the most pronounced in 2013 when the average import price decreased by -7.6%. The import price peaked at $9.4 per unit in 2012; however, from 2013 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 India ($1.3 per unit), while the price for China totaled $0.3 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-18.2%).

Imports of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Nepal

In 2022, the amount of clock movements; complete and assembled, other than battery, accumulator or mains powereds imported into Nepal skyrocketed to 16K units, jumping by 185% against 2021. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 771%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of clock movements; complete and assembled, other than battery, accumulator or mains powereds expanded remarkably to $6.3K in 2022. In general, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 341% against the previous year. As a result, imports reached the peak of $16K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Nepal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ChinaN/AN/AN/A4.40%
India3.716.55.62.0-18.5%
OthersN/AN/AN/AN/A0%
Total3.716.55.66.319.4%

Top Suppliers of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered to Nepal in 2022:

  1. China (14.8K units)
  2. India (1.6K units)

Source: IndexBox Market Intelligence Platform

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