Price for Electrical Insulators of Any Material in Nepal - 2022
Contents:
- Price for Electrical Insulators of Any Material in Nepal (CIF) - 2022
- Imports of Electrical Insulators of Any Material in Nepal
Price for Electrical Insulators of Any Material in Nepal (CIF) - 2022
In 2022, the average import price for electrical insulators of any materials amounted to $0.3 per unit, falling by -9.1% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 59%. As a result, import price attained the peak level of $0.5 per unit. From 2018 to 2022, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($0.3 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 (+2.7%).
Imports of Electrical Insulators of Any Material in Nepal
In 2022, the amount of electrical insulators of any materials imported into Nepal contracted sharply to 14M units, with a decrease of -24.7% against the previous year's figure. Over the period under review, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 86%. Over the period under review, imports attained the maximum at 27M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, electrical insulators of any material imports contracted dramatically to $4.3M in 2022. In general, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 68%. Over the period under review, imports hit record highs at $7.7M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Electrical Insulators of Any Material in Nepal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 7.1 | 3.1 | 6.2 | 3.1 | -24.1% |
| China | 0.5 | 0.7 | 0.1 | 1.2 | 33.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.7 | 3.8 | 6.3 | 4.3 | -17.7% |
Top Suppliers of Electrical Insulators of Any Material to Nepal in 2022:
- India (9.6M units)
- China (4.8M units)
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