Price for Non-Furniture Refrigerating or Freezing Equipment in Nepal - 2022
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Nepal (CIF) - 2022
- Price for Non-Furniture Refrigerating or Freezing Equipment in Nepal (FOB) - 2022
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Nepal
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Nepal
Price for Non-Furniture Refrigerating or Freezing Equipment in Nepal (CIF) - 2022
The average import price for non-furniture refrigerating or freezing equipment stood at $215 per unit in 2022, reducing by -9.8% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 23%. As a result, import price reached the peak level of $239 per unit, and then contracted in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were France ($224 per unit) and Italy ($216 per unit), while the price for the United Arab Emirates ($196 per unit) and China ($216 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in Nepal (FOB) - 2022
The average export price for non-furniture refrigerating or freezing equipment stood at $219 per unit in 2022, with an increase of 33% against the previous year. Over the period under review, the export price showed a prominent expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 298% against the previous year. The export price peaked 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 +12.4% per year.
Imports of Non-Furniture Refrigerating or Freezing Equipment in Nepal
In 2022, the amount of non-furniture refrigerating or freezing equipment imported into Nepal fell notably to 12K units, reducing by -34.4% compared with the previous year's figure. Overall, imports continue to indicate a pronounced setback. The growth pace was the most rapid in 2021 when imports increased by 115% against the previous year. As a result, imports reached the peak of 18K units, and then shrank markedly in the following year.
In value terms, non-furniture refrigerating or freezing equipment imports declined sharply to $2.5M in 2022. In general, imports saw a noticeable contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 165% against the previous year. As a result, imports attained the peak of $4.2M, and then shrank significantly in the following year.
| Import of Non-Furniture Refrigerating or Freezing Equipment in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1,426 | 1,153 | 2,657 | 1,531 | 2.4% |
| China | 828 | 185 | 1,156 | 802 | -1.1% |
| United Arab Emirates | 2.5 | 3.9 | 110 | 50.7 | 172.7% |
| Italy | 232 | 130 | 108 | 23.6 | -53.3% |
| Others | 250 | 128 | 203 | 95.6 | -27.4% |
| Total | 2,738 | 1,600 | 4,234 | 2,503 | -2.9% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Nepal in 2022:
- India (7.1K units)
- China (3.7K units)
- United Arab Emirates (0.3K units)
- Italy (0.1K units)
Exports of Non-Furniture Refrigerating or Freezing Equipment in Nepal
In 2022, non-furniture refrigerating or freezing equipment exports from Nepal contracted sharply to 3 units, declining by -25% compared with the previous year. Over the period under review, exports faced a precipitous setback. The pace of growth appeared the most rapid in 2021 when exports increased by 33%. Over the period under review, the exports attained the maximum at 6 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, non-furniture refrigerating or freezing equipment exports totaled $657 in 2022. In general, exports faced a dramatic contraction. The smallest decline of -49.8% was in 2020. Over the period under review, the exports hit record highs at $1.3K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Non-Furniture Refrigerating or Freezing Equipment in Nepal (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1,308 | 657 | 654 | 657 | -20.5% |
| Switzerland | N/A | N/A | 3.0 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,308 | 657 | 657 | 657 | -20.5% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Nepal in 2022:
- India (3.0 units)
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