Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Nepal - 2022

Contents:

1. Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Nepal (CIF) - 2022
2. Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Nepal (FOB) - 2022
3. Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in Nepal
4. Exports of Cycles; Parts Thereof, Wheel Rims and Spokes in Nepal

Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Nepal (CIF) - 2022

In 2022, the average import price for cycles; parts thereof, wheel rims and spokeses amounted to $2,157 per ton, growing by 18% against the previous year. Overall, the import price posted a strong expansion. The growth pace was the most rapid in 2015 an increase of 168% against the previous year. As a result, import price reached the peak level of $4,622 per ton. From 2016 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($2,223 per ton), while the price for China amounted to $1,892 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+16.5%).

Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Nepal (FOB) - 2022

The average export price for cycles; parts thereof, wheel rims and spokeses stood at $14,479 per ton in 2022, shrinking by -2.4% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 55% against the previous year. Over the period under review, the average export prices hit record highs at $14,832 per ton in 2021, and then contracted in the following year.

As there is only one major export destination, 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 +0.6% per year.

Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in Nepal

For the third consecutive year, Nepal recorded decline in overseas purchases of cycles; parts thereof, wheel rims and spokeses, which decreased by -22.5% to 48 tons in 2022. In general, imports recorded a precipitous setback. The smallest decline of -4.7% was in 2021.

In value terms, imports of cycles; parts thereof, wheel rims and spokeses contracted to $103K in 2022. Overall, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year.

Top Suppliers of Cycles; Parts Thereof, Wheel Rims and Spokes to Nepal in 2022:

1. India (37.9 tons)
2. China (9.9 tons)

Exports of Cycles; Parts Thereof, Wheel Rims and Spokes in Nepal

In 2022, shipments abroad of cycles; parts thereof, wheel rims and spokeses was finally on the rise to reach 2.2 tons after two years of decline. Over the period under review, exports, however, saw a relatively flat trend pattern.

In value terms, exports of cycles; parts thereof, wheel rims and spokeses dropped slightly to $32K in 2022. The total export value increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 3.8%.

Top Export Markets for Cycles; Parts Thereof, Wheel Rims and Spokes from Nepal in 2022:

1. India (2.2 tons)

Source: IndexBox Market Intelligence Platform