Price for Machinery; Parts of Machinery of Heading No. 8422 in Nepal - 2022

Contents:

1. Price for Machinery; Parts of Machinery of Heading No. 8422 in Nepal (CIF) - 2022
2. Price for Machinery; Parts of Machinery of Heading No. 8422 in Nepal (FOB) - 2022
3. Imports of Machinery; Parts of Machinery of Heading No. 8422 in Nepal
4. Exports of Machinery; Parts of Machinery of Heading No. 8422 in Nepal

Price for Machinery; Parts of Machinery of Heading No. 8422 in Nepal (CIF) - 2022

The average import price for machinery; parts of machinery of heading no. 8422 stood at $10,809 per ton in 2022, reducing by -38.3% against the previous year. In general, the import price saw a abrupt descent. The pace of growth appeared the most rapid in 2019 when the average import price increased by 78% against the previous year. The import price peaked at $52,031 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 China ($108,502 per ton), while the price for India ($6,777 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Machinery; Parts of Machinery of Heading No. 8422 in Nepal (FOB) - 2022

In 2022, the average export price for machinery; parts of machinery of heading no. 8422 amounted to $84,333 per ton, increasing by 70% against the previous year. Over the period under review, the export price recorded a prominent increase. The most prominent rate of growth was recorded in 2016 an increase of 432% against the previous year. Over the period under review, the average export prices hit record highs at $189,273 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($87,175 per ton), while the average price for exports to Canada stood at $27,500 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+14.8%).

Imports of Machinery; Parts of Machinery of Heading No. 8422 in Nepal

Imports of machinery; parts of machinery of heading no. 8422 into Nepal surged to 205 tons in 2022, increasing by 86% against the year before. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +12.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of machinery; parts of machinery of heading no. 8422 rose rapidly to $2.2M in 2022. Over the period under review, imports, however, faced a abrupt downturn.

Top Suppliers of Machinery; Parts of Machinery of Heading No. 8422 to Nepal in 2022:

1. India (196.2 tons)
2. China (3.4 tons)
3. Italy (1.9 tons)

Exports of Machinery; Parts of Machinery of Heading No. 8422 in Nepal

After three years of growth, overseas shipments of machinery; parts of machinery of heading no. 8422 decreased by -40.8% to 42 kg in 2022. In general, exports, however, saw resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by 97% against the previous year. As a result, the exports reached the peak of 71 kg, and then declined markedly in the following year.

In value terms, exports of machinery; parts of machinery of heading no. 8422 amounted to $3.5K in 2022. Overall, exports recorded a relatively flat trend pattern.

Top Export Markets for Machinery; Parts of Machinery of Heading No. 8422 from Nepal in 2022:

1. India (40.0 kg)
2. Canada (2.0 kg)

Source: IndexBox Market Intelligence Platform