Price for Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in Nepal - 2022
Contents:
- Price for Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in Nepal (CIF) - 2022
- Imports of Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in Nepal
Price for Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in Nepal (CIF) - 2022
In 2022, the average import price for weaving machines (looms); for weaving fabrics of a width 30cm or lesses amounted to $3,002 per unit, with an increase of 45% against the previous year. In general, the import price recorded a remarkable increase. The growth pace was the most rapid in 2015 when the average import price increased by 179% against the previous year. As a result, import price attained the peak level of $5,233 per unit. From 2016 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 China ($3,072 per unit), while the price for India amounted to $2,918 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.6%).
Imports of Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in Nepal
In 2022, imports of weaving machines (looms); for weaving fabrics of a width 30cm or lesses into Nepal skyrocketed to 42 units, with an increase of 56% compared with the previous year. Overall, total imports indicated a tangible increase from 2019 to 2022: its volume increased at an average annual rate of +4.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -8.7% against 2020 indices. Over the period under review, imports of hit record highs at 46 units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of weaving machines (looms); for weaving fabrics of a width 30cm or lesses surged to $126K in 2022. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.6 | N/A | 18.2 | 70.7 | 110.3% |
| India | 55.5 | 53.3 | 37.6 | 55.4 | -0.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 63.1 | 53.3 | 55.8 | 126 | 25.9% |
Top Suppliers of Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less to Nepal in 2022:
- China (23.0 units)
- India (19.0 units)
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