Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Nepal - 2022
Contents:
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Nepal (CIF) - 2022
- Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Nepal
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Nepal (CIF) - 2022
The average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs stood at $3,405 per unit in 2022, stabilizing at the previous year. Over the period under review, the import price, however, showed mild growth. The pace of growth appeared the most rapid in 2013 an increase of 74% against the previous year. As a result, import price attained the peak level of $4,941 per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, 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 +1.8% per year.
Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Nepal
In 2022, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs into Nepal declined dramatically to 3.3K units, with a decrease of -63.3% against the year before. Overall, imports recorded a precipitous setback. The most prominent rate of growth was recorded in 2021 when imports increased by 244% against the previous year. Over the period under review, imports of attained the maximum at 11K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs dropped significantly to $11M in 2022. Over the period under review, imports showed a precipitous decline. The growth pace was the most rapid in 2021 when imports increased by 345%. As a result, imports reached the peak of $31M, and then reduced rapidly in the following year.
| Import of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Nepal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 21.9 | 6.9 | 30.7 | 11.1 | -20.3% |
| Others | 0.2 | N/A | N/A | N/A | 0% |
| Total | 22.1 | 6.9 | 30.7 | 11.1 | -20.5% |
Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc to Nepal in 2022:
- India (3.3K units)
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