Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Nepal - 2022
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Nepal (CIF) - 2022
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Nepal
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Nepal (CIF) - 2022
The average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $674 per ton in 2022, waning by -46.5% against the previous year. Over the period under review, the import price saw a abrupt shrinkage. The growth pace was the most rapid in 2014 when the average import price increased by 58%. As a result, import price reached the peak level of $2,757 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, 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 -5.9% per year.
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Nepal
In 2022, the amount of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s imported into Nepal soared to 4.4K tons, with an increase of 764% compared with the previous year's figure. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 22,292%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s surged to $3M in 2022. Over the period under review, imports showed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 14,700% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 5.2 | 4.4 | 648 | 2,997 | 732.2% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 5.2 | 4.4 | 649 | 2,997 | 732.2% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Nepal in 2022:
- India (4.4K tons)
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