Price for Yarn of Carded Wool, Not Put Up for Retail Sale in Nepal - 2022

Contents:

  1. Price for Yarn of Carded Wool, Not Put Up for Retail Sale in Nepal (CIF) - 2022
  2. Price for Yarn of Carded Wool, Not Put Up for Retail Sale in Nepal (FOB) - 2022
  3. Imports of Yarn of Carded Wool, Not Put Up for Retail Sale in Nepal
  4. Exports of Yarn of Carded Wool, Not Put Up for Retail Sale in Nepal

Price for Yarn of Carded Wool, Not Put Up for Retail Sale in Nepal (CIF) - 2022

In 2022, the average import price for yarn of carded wool, not put up for retail sale amounted to $19,670 per ton, rising by 9.9% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 114%. As a result, import price attained the peak level of $21,466 per ton. From 2021 to 2022, the average 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 Italy ($43,659 per ton), while the price for India ($1,564 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-0.1%), while the prices for the other major suppliers experienced a decline.

Price for Yarn of Carded Wool, Not Put Up for Retail Sale in Nepal (FOB) - 2022

The average export price for yarn of carded wool, not put up for retail sale stood at $6,410 per ton in 2022, falling by -46.5% against the previous year. In general, the export price, however, posted a tangible expansion. The pace of growth appeared the most rapid in 2013 an increase of 546%. As a result, the export price reached the peak level of $27,495 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($95,071 per ton), while the average price for exports to China ($2,851 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+81.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Yarn of Carded Wool, Not Put Up for Retail Sale in Nepal

In 2022, imports of yarn of carded wool, not put up for retail sale into Nepal dropped sharply to 102 tons, which is down by -33.7% against the previous year's figure. Over the period under review, imports recorded a sharp shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 140% against the previous year.

In value terms, imports of yarn of carded wool, not put up for retail sale shrank rapidly to $2M in 2022. Overall, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 101% against the previous year.

Import of Yarn of Carded Wool, Not Put Up for Retail Sale in Nepal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China3,1531,1061,7421,367-24.3%
Italy12777.374448356.1%
India37464.916583.5-39.3%
Others15712610573.2-22.5%
Total3,8101,3742,7552,007-19.2%

Top Suppliers of Yarn of Carded Wool, Not Put Up for Retail Sale to Nepal in 2022:

  1. India (53.4 tons)
  2. China (34.6 tons)
  3. Italy (11.1 tons)

Exports of Yarn of Carded Wool, Not Put Up for Retail Sale in Nepal

In 2022, the amount of yarn of carded wool, not put up for retail sale exported from Nepal skyrocketed to 6.4 tons, with an increase of 39% on the previous year's figure. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 838% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of yarn of carded wool, not put up for retail sale declined significantly to $41K in 2022. In general, exports posted significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 815%. As a result, the exports reached the peak of $56K, and then fell sharply in the following year.

Export of Yarn of Carded Wool, Not Put Up for Retail Sale in Nepal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands0.10.31.717.0454.0%
Switzerland1.81.91.415.3104.1%
United Kingdom0.70.71.66.3108.0%
China1.00.40.40.7-11.2%
IndiaN/A0.24.5N/A2150.0%
PolandN/AN/A45.0N/A0%
Others1.92.61.01.90.0%
Total5.56.155.641.295.7%

Top Export Markets for Yarn of Carded Wool, Not Put Up for Retail Sale from Nepal in 2022:

  1. Netherlands (5.2 tons)
  2. United Kingdom (0.6 tons)
  3. Switzerland (0.3 tons)
  4. China (0.3 tons)

Source: IndexBox Market Intelligence Platform

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