Price for Watch Cases and Parts Thereof in Nepal - 2022
Contents:
- Price for Watch Cases and Parts Thereof in Nepal (CIF) - 2022
- Imports of Watch Cases and Parts Thereof in Nepal
Price for Watch Cases and Parts Thereof in Nepal (CIF) - 2022
The average import price for watch cases and parts thereoves stood at $3.2 per unit in 2022, jumping by 106% against the previous year. Overall, the import price, however, saw a dramatic decrease. The most prominent rate of growth was recorded in 2015 an increase of 64,745% against the previous year. As a result, import price attained the peak level of $1,253 per unit. From 2016 to 2022, the average import prices failed to regain momentum.
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 -4.3% per year.
Imports of Watch Cases and Parts Thereof in Nepal
In 2022, approx. 5.3K units of watch cases and parts thereoves were imported into Nepal; with an increase of 88% on 2021 figures. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 204% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, watch cases and parts thereof imports soared to $17K in 2022. Overall, imports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 1,500%. As a result, imports attained the peak of $51K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Watch Cases and Parts Thereof in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.3 | N/A | 3.3 | 5.3 | 59.8% |
| Singapore | N/A | 49.4 | N/A | N/A | 0% |
| Others | 1.8 | 1.3 | 1.0 | 11.4 | 85.0% |
| Total | 3.2 | 50.8 | 4.3 | 16.7 | 73.5% |
Top Suppliers of Watch Cases and Parts Thereof to Nepal in 2022:
- India (5.2K units)
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