Glass Fibre Filament Price in Nepal - 2022
Contents:
Glass Fibre Filament Price in Nepal (CIF) - 2022
The average glass fibre filament import price stood at $1,230 per ton in 2022, waning by -9.7% against the previous year. In general, the import price recorded a slight shrinkage. The growth pace was the most rapid in 2021 an increase of 114%. The import price peaked at $1,497 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($1,462 per ton), while the price for China totaled $925 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.6%).
Glass Fibre Filament Imports in Nepal
In 2022, approx. 50 tons of glass fibre filaments were imported into Nepal; growing by 70% compared with 2021. Overall, imports recorded resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 115%. As a result, imports attained the peak of 77 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, glass fibre filament imports soared to $62K in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Glass Fibre Filament in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 11.3 | 0.5 | 30.6 | 41.7 | 54.5% |
| China | 22.3 | 48.6 | 9.6 | 20.1 | -3.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 33.6 | 49.0 | 40.2 | 61.8 | 22.5% |
Top Suppliers of Glass Fibre Filament to Nepal in 2022:
- India (28.6 tons)
- China (21.7 tons)
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