Report Update Apr 1, 2024

Nepal - Iron or Steel Solid Fuel Domestic Appliances - Market Analysis, Forecast, Size, Trends and Insights

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Nepal: Market for Iron Or Steel Solid Fuel Domestic Appliances 2024

Market Size for Iron Or Steel Solid Fuel Domestic Appliances in Nepal

The Nepalese metal solid fuel appliances market fell to $X in 2022, dropping by -7.5% 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, showed a strong increase. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Exports of Iron Or Steel Solid Fuel Domestic Appliances

Exports from Nepal

In 2022, exports of iron or steel solid fuel domestic appliances from Nepal totaled X units, leveling off at 2021. Over the period under review, exports faced a deep reduction. The smallest decline of 99.9% was in 2013. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal solid fuel appliances exports dropped dramatically to $X in 2022. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 1,406% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units) was the main destination for metal solid fuel appliances exports from Nepal, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the UK was relatively modest.

In value terms, the UK ($X) emerged as the key foreign market for iron or steel solid fuel domestic appliances exports from Nepal.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK was relatively modest.

Export Prices by Country

The average metal solid fuel appliances export price stood at $X per unit in 2022, declining by -46.9% against the previous year. In general, the export price continues to indicate a slight curtailment. The pace of growth appeared the most rapid in 2021 when the average export price increased by 1,406%. As a result, the export price reached the peak level of $X per unit, and then dropped rapidly in the following year.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to 0.0% per year.

Imports of Iron Or Steel Solid Fuel Domestic Appliances

Imports into Nepal

In 2022, the amount of iron or steel solid fuel domestic appliances imported into Nepal declined significantly to X units, which is down by -16.3% against the previous year's figure. Overall, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 182%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, metal solid fuel appliances imports dropped modestly to $X in 2022. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 281%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X units) was the main supplier of metal solid fuel appliances to Nepal, with a 95% share of total imports. Moreover, metal solid fuel appliances imports from India exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from India amounted to +43.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-10.4% per year) and South Korea (-24.0% per year).

In value terms, India ($X) constituted the largest supplier of iron or steel solid fuel domestic appliances to Nepal, comprising 94% of total imports. The second position in the ranking was taken by China ($X), with a 2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India stood at +47.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.7% per year) and South Korea (-28.2% per year).

Import Prices by Country

The average metal solid fuel appliances import price stood at $X per unit in 2022, rising by 16% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal solid fuel appliances import price decreased by -21.8% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of 40% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood 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 India ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel solid fuel domestic appliances in the world?

The countries with the highest volumes of consumption in 2022 were China, the United States and India, together accounting for 43% of global consumption. The UK, Russia, the Netherlands, Indonesia, Italy, Nigeria, Pakistan, Poland, Mexico and Bangladesh lagged somewhat behind, together accounting for a further 29%.

What are the largest producers of iron or steel solid fuel domestic appliances in the world?

China remains the largest metal solid fuel appliances producing country worldwide, comprising approx. 30% of total volume. Moreover, metal solid fuel appliances production in China exceeded the figures recorded by the second-largest producer, India, threefold. Russia ranked third in terms of total production with a 5% share.

What are the leading suppliers of iron or steel solid fuel domestic appliances to Nepal?

In value terms, India constituted the largest supplier of iron or steel solid fuel domestic appliances to Nepal, comprising 94% of total imports. The second position in the ranking was taken by China, with a 2% share of total imports.

What are the leading importers of iron or steel solid fuel domestic appliances from Nepal?

In value terms, the UK $144) emerged as the key foreign market for iron or steel solid fuel domestic appliances exports from Nepal.

What is the average export price for iron or steel solid fuel domestic appliances in Nepal?

The average metal solid fuel appliances export price stood at $144 per unit in 2022, reducing by -46.9% against the previous year.

What is the average import price for iron or steel solid fuel domestic appliances in Nepal?

In 2022, the average metal solid fuel appliances import price amounted to $618 per unit, increasing by 16% against the previous year.

This report provides an in-depth analysis of the market for metal solid fuel appliances in Nepal. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 27521270 - Iron or steel solid fuel domestic appliances, including heaters, g rates, fires and braziers (excluding cooking appliances and plate warmers)

Country coverage:

Nepal

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nepal
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023