Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Nepal - 2022
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Nepal (CIF) - 2022
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Nepal (FOB) - 2022
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Nepal
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Nepal
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Nepal (CIF) - 2022
The average import price for furniture; wooden, other than for office, kitchen or bedroom use stood at $26 per unit in 2022, picking up by 10% against the previous year. Over the period under review, the import price, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2019 when the average import price increased by 17%. The import price peaked at $47 per unit in 2012; however, from 2013 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 China ($48 per unit), while the price for India ($16 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-4.2%), while the prices for the other major suppliers experienced a decline.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Nepal (FOB) - 2022
The average export price for furniture; wooden, other than for office, kitchen or bedroom use stood at $56 per unit in 2022, declining by -29.6% against the previous year. Overall, the export price showed a drastic downturn. The growth pace was the most rapid in 2013 an increase of 20% against the previous year. As a result, the export price reached the peak level of $147 per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($64 per unit), while the average price for exports to Thailand ($25 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Nepal
In 2022, approx. 106K units of furniture; wooden, other than for office, kitchen or bedroom use were imported into Nepal; falling by -27.7% on the year before. Over the period under review, imports recorded a abrupt contraction. The growth pace was the most rapid in 2021 when imports increased by 78%. Over the period under review, imports of attained the peak figure at 156K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use reduced remarkably to $2.7M in 2022. In general, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 76% against the previous year. Over the period under review, imports of attained the maximum at $4.5M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2,395 | 821 | 1,000 | 1,000 | -25.3% |
| China | 1,390 | 711 | 997 | 849 | -15.2% |
| United Arab Emirates | 48.0 | 171 | 940 | 760 | 151.1% |
| Thailand | 423 | 101 | 156 | 60.8 | -47.6% |
| Italy | 83.9 | N/A | 234 | N/A | 67.0% |
| Others | 192 | 139 | 96.8 | 59.8 | -32.2% |
| Total | 4,531 | 1,944 | 3,423 | 2,729 | -15.5% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Nepal in 2022:
- India (61.6K units)
- United Arab Emirates (23.4K units)
- China (17.6K units)
- Thailand (1.9K units)
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Nepal
Exports of furniture; wooden, other than for office, kitchen or bedroom use from Nepal skyrocketed to 2.1K units in 2022, increasing by 116% against the previous year's figure. Overall, exports recorded a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use soared to $116K in 2022. Over the period under review, exports, however, recorded a abrupt downturn. The exports peaked at $146K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 59.4 | 15.9 | 22.9 | 27.3 | -22.8% |
| Taiwan (Chinese) | 16.0 | N/A | 7.4 | 21.7 | 10.7% |
| United Kingdom | 7.1 | 9.1 | 5.5 | 13.9 | 25.1% |
| Switzerland | 6.4 | 4.8 | 8.9 | 12.9 | 26.3% |
| Thailand | 0.8 | N/A | N/A | 6.2 | 97.9% |
| Poland | 3.8 | 3.2 | 1.3 | 5.8 | 15.1% |
| Denmark | 0.1 | N/A | N/A | 4.5 | 255.7% |
| Lebanon | N/A | N/A | N/A | 3.7 | 0% |
| Australia | 1.7 | N/A | 2.1 | 3.0 | 20.8% |
| Spain | 0.9 | 0.7 | N/A | 2.7 | 44.2% |
| France | 1.9 | N/A | 2.5 | 2.4 | 8.1% |
| China | 17.2 | 1.8 | 10.0 | 0.9 | -62.6% |
| India | 8.3 | 3.4 | 0.7 | N/A | -71.0% |
| Others | 22.5 | 29.8 | 14.9 | 10.5 | -22.4% |
| Total | 146 | 68.9 | 76.1 | 116 | -7.4% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Nepal in 2022:
- United States (501.0 units)
- Taiwan (Chinese) (387.0 units)
- Thailand (246.0 units)
- United Kingdom (240.0 units)
- Switzerland (203.0 units)
- Poland (92.0 units)
- Denmark (73.0 units)
- Australia (63.0 units)
- Lebanon (58.0 units)
- Spain (43.0 units)
- France (38.0 units)
- China (24.0 units)
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