Price for Double or Complex Silicates in Nepal - 2022

Price for Double or Complex Silicates in Nepal (CIF) - 2022

In 2022, the average double or complex silicates import price amounted to $653 per ton, declining by -16.2% against the previous year. In general, the import price recorded a pronounced setback. The most prominent rate of growth was recorded in 2017 an increase of 13% against the previous year. Over the period under review, average import prices hit record highs at $1,018 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 -3.7% per year.

Imports of Double or Complex Silicates in Nepal

In 2022, approx. 617 tons of double or complex silicates were imported into Nepal; rising by 12% against 2021. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 61%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, double or complex silicates imports dropped to $403K in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +9.4% 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 +58.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 70% against the previous year. As a result, imports attained the peak of $431K, and then fell in the following year.