Report Update Apr 1, 2024

Nepal - Iron or Steel Stranded Wire, Ropes and Cables - Market Analysis, Forecast, Size, Trends and Insights

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Nepal: Steel Stranded Wire Market 2024

Steel Stranded Wire Market Size in Nepal

In 2022, the Nepalese steel stranded wire market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption enjoyed a buoyant increase. Steel stranded wire consumption peaked in 2022 and is expected to retain growth in years to come.

Steel Stranded Wire Exports

Exports from Nepal

In 2018, steel stranded wire exports from Nepal surged to X kg, rising by X% against the previous year. Overall, exports, however, recorded a pronounced downturn. The exports peaked at X kg in 2012; however, from 2013 to 2018, the exports failed to regain momentum.

In value terms, steel stranded wire exports surged to $X in 2018. Over the period under review, exports saw slight growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X kg) was the main destination for steel stranded wire exports from Nepal, accounting for a approx. X% share of total exports.

From 2012 to 2018, the average annual rate of growth in terms of volume to India stood at X%.

In value terms, India ($X) also remains the key foreign market for iron or steel stranded wire, ropes and cables exports from Nepal.

From 2012 to 2018, the average annual growth rate of value to India totaled X%.

Export Prices by Country

The average steel stranded wire export price stood at $X per ton in 2018, increasing by X% against the previous year. Overall, export price indicated a strong expansion from 2012 to 2018: its price increased at an average annual rate of X% over the last six-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $X per ton in 2015; however, from 2016 to 2018, 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 2018, the rate of growth in terms of prices for India amounted to X% per year.

Steel Stranded Wire Imports

Imports into Nepal

In 2022, purchases abroad of iron or steel stranded wire, ropes and cables increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports enjoyed prominent growth. The growth pace was the most rapid in 2016 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, steel stranded wire imports skyrocketed to $X in 2022. Overall, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, India (X tons) was the main supplier of steel stranded wire to Nepal, with a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from India totaled X%.

In value terms, India ($X) constituted the largest supplier of iron or steel stranded wire, ropes and cables to Nepal.

From 2012 to 2022, the average annual growth rate of value from India stood at X%.

Import Prices by Country

The average steel stranded wire import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, steel stranded wire import price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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 X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel stranded wire, ropes and cables in the world?

The countries with the highest volumes of consumption in 2023 were China, the United States and India, with a combined 42% share of global consumption. Japan, Brazil, Indonesia, Spain, South Korea, Mexico, Russia, Germany, Democratic Republic of the Congo and Turkey lagged somewhat behind, together accounting for a further 28%.

What are the largest producers of iron or steel stranded wire, ropes and cables in the world?

China remains the largest steel stranded wire producing country worldwide, accounting for 34% of total volume. Moreover, steel stranded wire production in China exceeded the figures recorded by the second-largest producer, the United States, fourfold. India ranked third in terms of total production with an 8.1% share.

What are the leading suppliers of iron or steel stranded wire, ropes and cables to Nepal?

In value terms, India constituted the largest supplier of iron or steel stranded wire, ropes and cables to Nepal.

What are the leading importers of iron or steel stranded wire, ropes and cables from Nepal?

In value terms, India $898) remains the key foreign market for iron or steel stranded wire, ropes and cables exports from Nepal.

What is the average export price for iron or steel stranded wire, ropes and cables in Nepal?

The average steel stranded wire export price stood at $1,497 per ton in 2018, with an increase of 40% against the previous year.

What is the average import price for iron or steel stranded wire, ropes and cables in Nepal?

The average steel stranded wire import price stood at $1,251 per ton in 2022, surging by 4.4% against the previous year.

This report provides an in-depth analysis of the steel stranded wire market in Nepal. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25931130 - Iron or steel stranded wire, ropes and cables (including stranded wires and wire ropes with or without attached fittings not electrically insulated) (excluding electrically insulated)

Country coverage:

Nepal

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nepal
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023