Price for Household or Laundry-Type Washing Machine in Nepal - 2022
Contents:
- Price for Household or Laundry-Type Washing Machine in Nepal (CIF) - 2022
- Price for Household or Laundry-Type Washing Machine in Nepal (FOB) - 2022
- Imports of Household or Laundry-Type Washing Machine in Nepal
- Exports of Household or Laundry-Type Washing Machine in Nepal
Price for Household or Laundry-Type Washing Machine in Nepal (CIF) - 2022
In 2022, the average import price for household or laundry-type washing machines amounted to $1,813 per unit, falling by -4.1% against the previous year. In general, the import price, however, continues to indicate a prominent expansion. The growth pace was the most rapid in 2015 when the average import price increased by 55% against the previous year. The import price peaked at $2,177 per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat 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 ($18,658 per unit), while the price for Bangladesh ($14 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+43.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Household or Laundry-Type Washing Machine in Nepal (FOB) - 2022
In 2022, the average export price for household or laundry-type washing machines amounted to $15 per unit, approximately reflecting the previous year. Over the period under review, the export price faced a deep slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 262% against the previous year. As a result, the export price attained the peak level of $88 per unit. From 2020 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($42 per unit), while the average price for exports to Lebanon ($1 per unit) was amongst the lowest.
From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (-40.5%).
Imports of Household or Laundry-Type Washing Machine in Nepal
In 2022, household or laundry-type washing machine imports into Nepal surged to 14K units, picking up by 111% compared with the previous year's figure. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, household or laundry-type washing machine imports skyrocketed to $26M in 2022. In general, imports showed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 120% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Household or Laundry-Type Washing Machine in Nepal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.3 | 3.7 | 8.4 | 12.0 | 40.8% |
| Vietnam | 0.1 | 0.7 | 1.9 | 7.1 | 314.1% |
| India | 1.7 | 1.3 | 2.3 | 6.2 | 53.9% |
| Bangladesh | N/A | N/A | N/A | N/A | 0% |
| Others | 0.4 | 0.2 | 0.2 | 0.7 | 20.5% |
| Total | 6.5 | 5.8 | 12.8 | 26.0 | 58.7% |
Top Suppliers of Household or Laundry-Type Washing Machine to Nepal in 2022:
- China (6.7K units)
- Vietnam (4.0K units)
- Bangladesh (2.9K units)
- India (0.3K units)
Exports of Household or Laundry-Type Washing Machine in Nepal
In 2022, approx. 3 units of household or laundry-type washing machines were exported from Nepal; approximately equating the previous year's figure. In general, exports continue to indicate a significant expansion. The smallest decline of 99.9% was in 2021. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, household or laundry-type washing machine exports stood at $44 in 2022. Over the period under review, exports saw a precipitous slump. The smallest decline of -5.7% was in 2020. The exports peaked at $88 in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Household or Laundry-Type Washing Machine in Nepal (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | N/A | 42.0 | 0% |
| Lebanon | N/A | N/A | N/A | 1.0 | 0% |
| India | 88.0 | 83.0 | N/A | 1.0 | -77.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 88.0 | 83.0 | N/A | 44.0 | -20.6% |
Top Export Markets for Household or Laundry-Type Washing Machine from Nepal in 2022:
- Germany (1.0 units)
- Lebanon (1.0 units)
- India (1.0 units)
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