Price for Garden or Similar Umbrellas in Nepal - 2022

Contents:

  1. Price for Garden or Similar Umbrellas in Nepal (CIF) - 2022
  2. Price for Garden or Similar Umbrellas in Nepal (FOB) - 2022
  3. Imports of Garden or Similar Umbrellas in Nepal
  4. Exports of Garden or Similar Umbrellas in Nepal

Price for Garden or Similar Umbrellas in Nepal (CIF) - 2022

In 2022, the average garden or similar umbrellas import price amounted to $79 per unit, surging by 2.4% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 41%. The import price peaked at $150 per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($81 per unit), while the price for India stood at $73 per unit.

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

Price for Garden or Similar Umbrellas in Nepal (FOB) - 2022

The average garden or similar umbrellas export price stood at $8.5 per unit in 2022, declining by -16.2% against the previous year. In general, the export price, however, posted a strong expansion. The pace of growth was the most pronounced in 2021 an increase of 81% against the previous year. As a result, the export price attained the peak level of $10 per unit, and then declined notably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($14 per unit), while the average price for exports to Cyprus ($1 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 South Africa (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Garden or Similar Umbrellas in Nepal

In 2022, approx. 2.3K units of garden or similar umbrellases were imported into Nepal; dropping by -24.5% on 2021. Over the period under review, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 173% against the previous year. Over the period under review, imports attained the peak figure at 3.3K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, garden or similar umbrellas imports plummeted to $185K in 2022. Overall, imports recorded a significant decrease. The pace of growth appeared the most rapid in 2021 with an increase of 40% against the previous year. Over the period under review, imports attained the peak figure at $487K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Garden or Similar Umbrellas in Nepal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China429137192149-29.7%
India50.227.038.935.0-11.3%
Others8.77.28.30.8-54.9%
Total487171239185-27.6%

Top Suppliers of Garden or Similar Umbrellas to Nepal in 2022:

  1. China (1843.0 units)
  2. India (481.0 units)

Exports of Garden or Similar Umbrellas in Nepal

In 2022, shipments abroad of garden or similar umbrellases decreased by -28.6% to 10 units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 180%. As a result, the exports attained the peak of 14 units, and then fell sharply in the following year.

In value terms, garden or similar umbrellas exports declined notably to $85 in 2022. Overall, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 when exports increased by 407% against the previous year. As a result, the exports reached the peak of $142, and then reduced markedly in the following year.

Export of Garden or Similar Umbrellas in Nepal (USD)
COUNTRY2019202020212022CAGR,
2019-2022
FinlandN/AN/AN/A55.00%
South Africa12.015.081.012.00.0%
China8.013.061.07.0-4.4%
CanadaN/AN/AN/A5.00%
United Arab EmiratesN/AN/AN/A5.00%
CyprusN/AN/AN/A1.00%
OthersN/AN/AN/AN/A0%
Total20.028.014285.062.0%

Top Export Markets for Garden or Similar Umbrellas from Nepal in 2022:

  1. Finland (4.0 units)
  2. South Africa (2.0 units)
  3. Canada (1.0 units)
  4. United Arab Emirates (1.0 units)
  5. China (1.0 units)
  6. Cyprus (1.0 units)
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