Price for Steel, Stainless; Angles, Shapes and Sections in Nepal - 2022
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in Nepal (CIF) - 2022
- Imports of Steel, Stainless; Angles, Shapes and Sections in Nepal
Price for Steel, Stainless; Angles, Shapes and Sections in Nepal (CIF) - 2022
In 2022, the average import price for steel, stainless amounted to $3,090 per ton, increasing by 29% against the previous year. Overall, the import price saw a temperate increase. The pace of growth appeared the most rapid in 2013 when the average import price increased by 150%. As a result, import price attained the peak level of $6,191 per ton. From 2014 to 2022, the average import prices remained 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 Taiwan (Chinese) ($3,125 per ton), while the price for India totaled $2,774 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Steel, Stainless; Angles, Shapes and Sections in Nepal
Imports of steel, stainless into Nepal skyrocketed to 108 tons in 2022, with an increase of 18% against the previous year's figure. Overall, imports recorded prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 148% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, imports of steel, stainless surged to $333K in 2022. Over the period under review, imports posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 132% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Steel, Stainless; Angles, Shapes and Sections in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 133 | 71.3 | 142 | 265 | 25.8% |
| India | 19.9 | 19.5 | 73.4 | 63.2 | 47.0% |
| Others | 3.1 | 3.5 | 3.7 | 4.3 | 11.5% |
| Total | 156 | 94.3 | 219 | 333 | 28.8% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to Nepal in 2022:
- Taiwan (Chinese) (85.0 tons)
- India (22.8 tons)
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