Price for Machinery; Parts of the Machinery of Heading No. 8427 in Nepal - 2022
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Nepal (CIF) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Nepal
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Nepal (CIF) - 2022
The average import price for machinery; parts of the machinery of heading no. 8427 stood at $12,713 per ton in 2022, rising by 89% against the previous year. In general, the import price posted a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($12,669 per ton), while the price for China ($12,667 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Nepal
In 2022, supplies from abroad of machinery; parts of the machinery of heading no. 8427 decreased by -82.4% to 17 tons, falling for the second consecutive year after two years of growth. Overall, imports saw a sharp slump. The growth pace was the most rapid in 2020 with an increase of 12%. As a result, imports attained the peak of 116 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 fell notably to $220K in 2022. In general, imports showed a sharp reduction. The pace of growth was the most pronounced in 2021 with an increase of 2.2%.
| Import of Machinery; Parts of the Machinery of Heading No. 8427 in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 692 | 566 | 590 | 174 | -36.9% |
| China | 16.1 | 17.9 | 22.9 | 30.0 | 23.1% |
| United States | 11.9 | N/A | 5.3 | 8.3 | -11.3% |
| Others | 13.0 | 62.3 | 41.9 | 7.9 | -15.3% |
| Total | 733 | 646 | 661 | 220 | -33.0% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Nepal in 2022:
- India (13.7 tons)
- China (2.4 tons)
- United States (0.7 tons)
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