Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Nepal - 2022

Contents:

  1. Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Nepal (CIF) - 2022
  2. Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Nepal (FOB) - 2022
  3. Imports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Nepal
  4. Exports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Nepal

Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Nepal (CIF) - 2022

In 2022, the average import price for silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s amounted to $13,745 per ton, waning by -15.3% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 88% against the previous year. As a result, import price reached the peak level of $18,666 per ton. From 2020 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($19,656 per ton), while the price for China amounted to $9,923 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+123.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Nepal (FOB) - 2022

The average export price for silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s stood at $54,113 per ton in 2022, picking up by 4.5% against the previous year. Overall, the export price enjoyed a resilient increase. The growth pace was the most rapid in 2014 an increase of 1,815% against the previous year. The export price peaked at $1,201,000 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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 +23.9% per year.

Imports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Nepal

For the third consecutive year, Nepal recorded decline in overseas purchases of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s, which decreased by -82.9% to 306 kg in 2022. In general, imports saw a dramatic downturn. The smallest decline of -8% was in 2020.

In value terms, imports of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s fell sharply to $4.2K in 2022. Over the period under review, imports recorded a precipitous slump. The smallest decline of -13.5% was in 2020.

Import of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Nepal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India37.118.721.42.4-59.9%
China2.715.57.61.8-12.6%
OthersN/A0.2N/AN/A0%
Total39.834.429.04.2-52.7%

Top Suppliers of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) to Nepal in 2022:

  1. China (182.0 kg)
  2. India (122.0 kg)

Exports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Nepal

In 2022, exports of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s from Nepal dropped dramatically to 53 kg, declining by -15.9% compared with 2021. Over the period under review, exports recorded a deep contraction.

In value terms, exports of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s fell to $2.9K in 2022. Overall, exports recorded a abrupt setback.

Export of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Nepal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India4.23.73.32.9-11.6%
OthersN/AN/AN/AN/A0%
Total4.23.73.32.9-11.6%

Top Export Markets for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) from Nepal in 2022:

  1. India (53.0 kg)

Source: IndexBox Market Intelligence Platform

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