Nepal: Market for Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels) 2024

Market Size for Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels) in Nepal

In 2022, the Nepalese market for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) increased by 72% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption showed significant growth. Consumption of peaked in 2022 and is likely to continue growth in years to come.

Exports of Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels)

Exports from Nepal

In 2022, exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) from Nepal contracted rapidly to X kg, declining by -48.4% compared with 2021 figures. Overall, exports recorded a dramatic shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 75% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) contracted to $X in 2022. Over the period under review, exports showed a abrupt contraction. The smallest decline of -1.3% was in 2017. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X kg) was the main destination for exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) from Nepal, accounting for a 93% share of total exports. Moreover, exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) to the United States exceeded the volume sent to the second major destination, Japan (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled -23.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-30.3% per year) and China (-42.7% per year).

In value terms, Japan ($X) remains the key foreign market for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) exports from Nepal, comprising 81% of total exports. The second position in the ranking was taken by the United States ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Japan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-14.4% per year) and China (-37.2% per year).

Export Prices by Country

The average export price for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) stood at $X per ton in 2022, with an increase of 87% against the previous year. Over the period under review, the export price recorded a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+44.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels)

Imports into Nepal

In 2022, overseas purchases of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) increased by 87% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports showed a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 88%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) soared to $X in 2022. Overall, imports saw a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 103%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of wooden builders' joinery and carpentry (excl. windows, doors, posts and beams, assembled flooring panels) to Nepal, with a 63% share of total imports. Moreover, imports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) from India exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. The third position in this ranking was taken by China (X tons), with an 8.8% share.

From 2012 to 2022, the average annual growth rate of volume from India totaled +39.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+15.4% per year) and China (+27.3% per year).

In value terms, India ($X) constituted the largest supplier of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) to Nepal, comprising 74% of total imports. The second position in the ranking was held by Thailand ($X), with a 9.3% share of total imports. It was followed by China, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India stood at +22.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-4.9% per year) and China (+11.5% per year).

Import Prices by Country

In 2022, the average import price for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) amounted to $X per ton, declining by -22.2% against the previous year. Overall, the import price saw a deep setback. The most prominent rate of growth was recorded in 2019 an increase of 10% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-12.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform