Waxes; Artificial, Prepared Price in Nepal - 2022
Contents:
Waxes; Artificial, Prepared Price in Nepal (CIF) - 2022
In 2022, the average waxes; artificial, prepared import price amounted to $2,895 per ton, surging by 22% against the previous year. In general, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, waxes; artificial, prepared import price increased by +71.3% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of 28% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($2,672 per ton), while the price for China ($2,225 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Waxes; Artificial, Prepared Imports in Nepal
Waxes; artificial, prepared imports into Nepal reduced notably to 260 tons in 2022, waning by -24.3% compared with the previous year. Overall, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by 32% against the previous year.
In value terms, waxes; artificial, prepared imports reduced to $752K in 2022. Over the period under review, imports continue to indicate a slight decrease. The pace of growth was the most pronounced in 2021 when imports increased by 67%. As a result, imports attained the peak of $816K, and then shrank in the following year.
| Import of Waxes; Artificial, Prepared in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 707 | 416 | 663 | 617 | -4.4% |
| China | 32.9 | 14.0 | 59.2 | 46.7 | 12.4% |
| South Korea | 5.8 | 26.3 | 19.8 | 10.9 | 23.4% |
| Saudi Arabia | N/A | 7.9 | N/A | N/A | 0% |
| Others | 39.7 | 24.1 | 74.0 | 77.1 | 24.8% |
| Total | 786 | 488 | 816 | 752 | -1.5% |
Top Suppliers of Waxes; Artificial, Prepared to Nepal in 2022:
- India (232.3 tons)
- China (21.0 tons)
- South Korea (4.1 tons)
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