Nepal: Market for Domestic, Non-Electric, Cooking Or Heating Appliances 2024

Market Size for Domestic, Non-Electric, Cooking Or Heating Appliances in Nepal

The Nepalese market for domestic, non-electric, cooking or heating appliances dropped sharply to $X in 2022, shrinking by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate strong growth. As a result, consumption attained the peak level of $X, and then dropped notably in the following year.

Exports of Domestic, Non-Electric, Cooking Or Heating Appliances

Exports from Nepal

In 2022, the amount of domestic, non-electric, cooking or heating appliances exported from Nepal contracted to X units, waning by X% against the year before. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, exports of domestic, non-electric, cooking or heating appliances reduced to $X in 2022. Overall, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

China (X units) was the main destination for exports of domestic, non-electric, cooking or heating appliances from Nepal, with a X% share of total exports. Moreover, exports of domestic, non-electric, cooking or heating appliances to China exceeded the volume sent to the second major destination, Bhutan (X units), fourfold. The third position in this ranking was held by India (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bhutan (X% per year) and India (X% per year).

In value terms, China ($X) remains the key foreign market for domestic, non-electric, cooking or heating appliances exports from Nepal, comprising X% of total exports. The second position in the ranking was taken by Bhutan ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bhutan (X% per year) and Australia (X% per year).

Export Prices by Country

The average export price for domestic, non-electric, cooking or heating appliances stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Overall, the export price showed strong growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by X%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Domestic, Non-Electric, Cooking Or Heating Appliances

Imports into Nepal

In 2022, the amount of domestic, non-electric, cooking or heating appliances imported into Nepal declined notably to X units, reducing by X% on the year before. Over the period under review, imports, however, saw a resilient increase. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X units, and then reduced markedly in the following year.

In value terms, imports of domestic, non-electric, cooking or heating appliances reduced dramatically to $X in 2022. Overall, imports, however, saw prominent growth. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then dropped sharply in the following year.

Imports by Country

In 2022, India (X units) was the main supplier of domestic, non-electric, cooking or heating appliance to Nepal, with a X% share of total imports. Moreover, imports of domestic, non-electric, cooking or heating appliances from India exceeded the figures recorded by the second-largest supplier, China (X units), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at X%.

In value terms, India ($X) constituted the largest supplier of domestic, non-electric, cooking or heating appliances to Nepal, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from India totaled X%.

Import Prices by Country

In 2022, the average import price for domestic, non-electric, cooking or heating appliances amounted to $X per unit, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for India totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :