Price for Lubricating Preparations Not for the Treatment of Materials in Nepal - 2022

Contents:

1. Price for Lubricating Preparations Not for the Treatment of Materials in Nepal (CIF) - 2022
2. Price for Lubricating Preparations Not for the Treatment of Materials in Nepal (FOB) - 2022
3. Imports of Lubricating Preparations Not for the Treatment of Materials in Nepal
4. Exports of Lubricating Preparations Not for the Treatment of Materials in Nepal

Price for Lubricating Preparations Not for the Treatment of Materials in Nepal (CIF) - 2022

In 2022, the average import price for lubricating preparations not for the treatment of materials amounted to $2,061 per ton, surging by 2.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 35%. As a result, import price reached the peak level of $2,190 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($3,534 per ton), while the price for India amounted to $1,984 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Lubricating Preparations Not for the Treatment of Materials in Nepal (FOB) - 2022

In 2022, the average export price for lubricating preparations not for the treatment of materials amounted to $15,661 per ton, growing by 2.6% against the previous year. Over the period under review, the export price posted resilient growth. The growth pace was the most rapid in 2018 an increase of 60% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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 +6.8% per year.

Imports of Lubricating Preparations Not for the Treatment of Materials in Nepal

In 2022, the amount of lubricating preparations not for the treatment of materials imported into Nepal soared to 2.6K tons, picking up by 24% on 2021 figures. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 104%. Over the period under review, imports of lubricating preparations not for treatment of materials attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, imports of lubricating preparations not for the treatment of materials skyrocketed to $5.4M in 2022. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 95% against the previous year. Over the period under review, imports of lubricating preparations not for treatment of materials hit record highs in 2022 and are expected to retain growth in years to come.

Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Nepal in 2022:

1. India (2550.7 tons)
2. China (46.3 tons)

Exports of Lubricating Preparations Not for the Treatment of Materials in Nepal

For the third year in a row, Nepal recorded decline in shipments abroad of lubricating preparations not for the treatment of materials, which decreased by -4.6% to 62 kg in 2022. In general, exports saw a drastic downturn.

In value terms, exports of lubricating preparations not for the treatment of materials dropped slightly to $971 in 2022. Overall, exports recorded a abrupt shrinkage.

Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Nepal in 2022:

1. India (62.0 kg)