Price for Iron or Steel; Cast Articles in Nepal - 2022

Contents:

1. Price for Iron or Steel; Cast Articles in Nepal (CIF) - 2022
2. Price for Iron or Steel; Cast Articles in Nepal (FOB) - 2022
3. Imports of Iron or Steel; Cast Articles in Nepal
4. Exports of Iron or Steel; Cast Articles in Nepal

Price for Iron or Steel; Cast Articles in Nepal (CIF) - 2022

The average import price for iron or steel; cast articleses stood at $1,559 per ton in 2022, surging by 32% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Taiwan (Chinese) ($5,823 per ton), while the price for India ($1,425 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Steel; Cast Articles in Nepal (FOB) - 2022

In 2022, the average export price for iron or steel; cast articleses amounted to $8,350 per ton, growing by 132% against the previous year. Over the period under review, the export price showed strong growth. The growth pace was the most rapid in 2015 an increase of 194% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($29,750 per ton), while the average price for exports to South Korea ($600 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 Colombia (+32.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel; Cast Articles in Nepal

In 2022, approx. 1.4K tons of iron or steel; cast articleses were imported into Nepal; shrinking by -50.8% compared with the previous year's figure. Overall, imports recorded a sharp contraction. The pace of growth was the most pronounced in 2021 with an increase of 30%.

In value terms, iron or steel; cast articles imports fell dramatically to $2.1M in 2022. In general, imports faced a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 43% against the previous year.

Top Suppliers of Iron or Steel; Cast Articles to Nepal in 2022:

1. India (1226.0 tons)
2. China (113.7 tons)
3. Taiwan (Chinese) (25.2 tons)

Exports of Iron or Steel; Cast Articles in Nepal

In 2022, overseas shipments of iron or steel; cast articleses increased by 1,120% to 183 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, iron or steel; cast articles exports surged to $1.5K in 2022. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Iron or Steel; Cast Articles from Nepal in 2022:

1. India (99.0 kg)
2. Colombia (26.0 kg)
3. Switzerland (17.0 kg)
4. Netherlands (16.0 kg)
5. Germany (8.0 kg)
6. Spain (8.0 kg)
7. South Korea (5.0 kg)

Source: IndexBox Market Intelligence Platform