Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Nepal - 2022

Contents:

1. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Nepal (CIF) - 2022
2. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Nepal (FOB) - 2022
3. Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Nepal
4. Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Nepal

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Nepal (CIF) - 2022

In 2022, the average import price for footwear; parts, outer soles and heels, of rubber or plasticses amounted to $4,892 per ton, with an increase of 13% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for footwear; parts, outer soles and heels, of rubber or plasticses decreased by -10.7% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of 59%. Over the period under review, average import prices hit record highs at $7,351 per ton in 2016; however, from 2017 to 2022, import prices remained at a 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 ($7,508 per ton), while the price for China stood at $4,575 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.5%).

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Nepal (FOB) - 2022

In 2022, the average export price for footwear; parts, outer soles and heels, of rubber or plasticses amounted to $3,348 per ton, falling by -25.4% against the previous year. Overall, the export price saw a deep downturn. The growth pace was the most rapid in 2013 when the average export price increased by 45%. As a result, the export price reached the peak level of $14,427 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

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 -10.3% per year.

Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Nepal

In 2022, approx. 1.3K tons of footwear; parts, outer soles and heels, of rubber or plasticses were imported into Nepal; jumping by 57% against 2021 figures. Over the period under review, imports showed a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 100%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, imports of footwear; parts, outer soles and heels, of rubber or plasticses skyrocketed to $6.5M in 2022. In general, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics to Nepal in 2022:

1. China (1183.8 tons)
2. India (141.3 tons)

Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Nepal

For the fourth consecutive year, Nepal recorded growth in overseas shipments of footwear; parts, outer soles and heels, of rubber or plasticses, which increased by 21% to 134 tons in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 214% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, exports of footwear; parts, outer soles and heels, of rubber or plasticses contracted to $449K in 2022. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 151%.

Top Export Markets for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics from Nepal in 2022:

1. India (134.0 tons)

Source: IndexBox Market Intelligence Platform