Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Nepal - 2022

Contents:

1. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Nepal (CIF) - 2022
2. Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Nepal

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Nepal (CIF) - 2022

The average import price for millstones, grindstones, grinding wheels and the like; of natural stones stood at $0.1 per unit in 2022, declining by -36.9% against the previous year. In general, the import price recorded a pronounced slump. The pace of growth was the most pronounced in 2018 an increase of 37% against the previous year. Over the period under review, average import prices reached the peak figure at $0.2 per unit in 2019; however, from 2020 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 ($0.1 per unit), while the price for India amounted to $0.1 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.2%), while the prices for the other major suppliers experienced a decline.

Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Nepal

In 2022, imports of millstones, grindstones, grinding wheels and the like; of natural stones into Nepal declined significantly to 1.3M units, shrinking by -82% on 2021 figures. In general, imports faced a dramatic curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 105%. Over the period under review, imports of millstones, grindstones, grinding wheels and like; of natural stones attained the maximum at 20M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones fell markedly to $105K in 2022. Over the period under review, imports saw a significant decrease. The pace of growth was the most pronounced in 2021 with an increase of 89% against the previous year. Imports peaked at $3.2M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to Nepal in 2022:

1. India (1027.5K units)
2. China (312.8K units)

Source: IndexBox Market Intelligence Platform