Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Nepal - 2022
Contents:
- Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Nepal (CIF) - 2022
- Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Nepal
Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Nepal (CIF) - 2022
In 2022, the average import price for synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $1,692 per ton, growing by 17% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 58%. Over the period under review, average import prices reached the peak figure at $2,205 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
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 China ($1,855 per ton), while the price for Thailand ($370 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.6%), while the prices for the other major suppliers experienced a decline.
Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Nepal
Imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings into Nepal skyrocketed to 7 tons in 2022, jumping by 56% on the previous year. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 68% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings soared to $12K in 2022. In general, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 82% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.7 | 0.2 | 5.4 | 9.3 | 136.8% |
| India | 4.5 | 3.3 | 1.1 | 2.5 | -17.8% |
| Thailand | N/A | N/A | N/A | 0.1 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.2 | 3.6 | 6.5 | 11.8 | 31.4% |
Top Suppliers of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning to Nepal in 2022:
- China (5.0 tons)
- India (1.8 tons)
- Thailand (0.1 tons)
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