Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Nepal - 2022
Contents:
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Nepal (CIF) - 2022
- Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Nepal
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Nepal (CIF) - 2022
The average import price for stainless steel bars and rods, angles, shapes and sectionses stood at $1,627 per ton in 2022, with an increase of 45% against the previous year. In general, the import price posted a resilient increase. The pace of growth appeared the most rapid in 2017 when the average import price increased by 106%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($3,165 per ton), while the price for India totaled $1,088 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.1%).
Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Nepal
In 2022, purchases abroad of stainless steel bars and rods, angles, shapes and sectionses decreased by -14.8% to 328 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 137%. As a result, imports attained the peak of 446 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses soared to $533K in 2022. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 122%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | N/A | N/A | N/A | 269 | 0% |
| India | 128 | 290 | 423 | 264 | 27.3% |
| Others | 11.3 | 20.1 | 9.3 | 0.2 | -73.9% |
| Total | 139 | 310 | 433 | 533 | 56.5% |
Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to Nepal in 2022:
- India (242.6 tons)
- Taiwan (Chinese) (85.0 tons)
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