Composition Leather Price in Nepal - 2022
Contents:
Composition Leather Price in Nepal (CIF) - 2022
In 2022, the average composition leather import price amounted to $0.8 per square meter, waning by -15% against the previous year. Over the period under review, the import price saw a abrupt slump. The pace of growth appeared the most rapid in 2015 when the average import price increased by 72% against the previous year. As a result, import price reached the peak level of $2.4 per square meter. From 2016 to 2022, the average import prices remained at a somewhat 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 France ($8.1 per square meter), while the price for China ($0.6 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-0.1%), while the prices for the other major suppliers experienced a decline.
Composition Leather Imports in Nepal
In 2022, the amount of composition leather imported into Nepal contracted rapidly to 38K square meters, with a decrease of -48.3% against the previous year. Over the period under review, imports recorded a dramatic shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 84%. Over the period under review, imports reached the maximum at 91K square meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, composition leather imports dropped notably to $31K in 2022. Overall, imports faced a dramatic setback. The pace of growth was the most pronounced in 2021 when imports increased by 62% against the previous year. Over the period under review, imports attained the peak figure at $106K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Composition Leather in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.3 | 7.4 | 2.5 | 25.1 | 17.9% |
| France | 1.5 | 6.6 | 7.1 | 22.0 | 144.8% |
| India | 89.0 | 29.3 | 60.7 | 9.7 | -52.2% |
| Others | N/A | N/A | N/A | -26.0 | 0% |
| Total | 106 | 43.4 | 70.3 | 30.8 | -33.8% |
Top Suppliers of Composition Leather to Nepal in 2022:
- China (45.2K square meters)
- India (6.3K square meters)
- France (2.7K square meters)
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This report provides an in-depth analysis of the global composition leather market.
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