Nepal: Flat-Rolled Steel Coils Market 2024

Flat-Rolled Steel Coils Market Size in Nepal

The Nepalese flat-rolled steel coils market soared to $X in 2023, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Flat-Rolled Steel Coils Exports

Exports from Nepal

In 2023, flat-rolled steel coils exports from Nepal declined notably to X tons, with a decrease of X% on the previous year. In general, exports showed a noticeable curtailment. The growth pace was the most rapid in 2022 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, flat-rolled steel coils exports reduced dramatically to $X in 2023. Overall, exports saw a pronounced shrinkage. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for flat-rolled steel coils exports from Nepal, with a approx. X% share of total exports.

From 2012 to 2023, the average annual growth rate of volume to India was relatively modest.

In value terms, India ($X) also remains the key foreign market for flat-rolled steel in coils exports from Nepal.

From 2012 to 2023, the average annual growth rate of value to India was relatively modest.

Export Prices by Country

In 2023, the average flat-rolled steel coils export price amounted to $X per ton, which is down by X% against the previous year. Overall, the export price showed a mild decline. The most prominent rate of growth was recorded in 2022 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2023, the rate of growth in terms of prices for India amounted to X% per year.

Flat-Rolled Steel Coils Imports

Imports into Nepal

In 2023, purchases abroad of flat-rolled steel in coils was finally on the rise to reach X tons after four years of decline. Over the period under review, total imports indicated a tangible expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, flat-rolled steel coils imports surged to $X in 2023. In general, total imports indicated notable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2018 when imports increased by X%. As a result, imports reached the peak of $X. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, India (X tons) constituted the largest supplier of flat-rolled steel coils to Nepal, with a X% share of total imports. Moreover, flat-rolled steel coils imports from India exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), sevenfold. China (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and China (X% per year).

In value terms, India ($X) constituted the largest supplier of flat-rolled steel in coils to Nepal, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2023, the average annual growth rate of value from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and China (X% per year).

Import Prices by Country

In 2023, the average flat-rolled steel coils import price amounted to $X per ton, flattening at the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2022 to 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform