Report Update Nov 1, 2024

Nepal - Festive or Carnival Articles - Market Analysis, Forecast, Size, Trends and Insights

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Nepal: Festive Articles Market 2024

Festive Articles Market Size in Nepal

The Nepalese festive articles market fell slightly to $X in 2022, leveling off at the previous year. In general, consumption, however, saw a strong expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Festive Articles Production in Nepal

In value terms, festive articles production declined slightly to $X in 2022 estimated in export price. Overall, production, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 45%. Festive articles production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Festive Articles Exports

Exports from Nepal

Festive articles exports from Nepal reduced dramatically to X tons in 2022, falling by -60.8% on the previous year's figure. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 3,345%. Over the period under review, the exports reached the maximum at X tons in 2021, and then contracted dramatically in the following year.

In value terms, festive articles exports fell notably to $X in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 3,953% against the previous year. The exports peaked at $X in 2021, and then reduced remarkably in the following year.

Exports by Country

The United States (X tons) was the main destination for festive articles exports from Nepal, with a 51% share of total exports. Moreover, festive articles exports to the United States exceeded the volume sent to the second major destination, South Korea (X tons), fourfold. The third position in this ranking was held by Germany (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +30.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+86.1% per year) and Germany (+61.5% per year).

In value terms, the United States ($X) remains the key foreign market for festive or carnival articles exports from Nepal, comprising 58% of total exports. The second position in the ranking was held by Germany ($X), with a 21% share of total exports. It was followed by Canada, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +34.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+60.0% per year) and Canada (+20.5% per year).

Export Prices by Country

In 2022, the average festive articles export price amounted to $X per ton, growing by 37% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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 Germany ($X per ton), while the average price for exports to South Korea ($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 France (+3.8%), while the prices for the other major destinations experienced mixed trend patterns.

Festive Articles Imports

Imports into Nepal

In 2022, approx. X tons of festive or carnival articles were imported into Nepal; which is down by -49.1% on 2021 figures. In general, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 883%. Imports peaked at X tons in 2021, and then reduced remarkably in the following year.

In value terms, festive articles imports dropped significantly to $X in 2022. Over the period under review, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2017 with an increase of 770%. Imports peaked at $X in 2021, and then reduced dramatically in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of festive articles to Nepal, accounting for a 87% share of total imports. Moreover, festive articles imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at +45.2%.

In value terms, China ($X) constituted the largest supplier of festive or carnival articles to Nepal, comprising 84% of total imports. The second position in the ranking was held by India ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +47.7%.

Import Prices by Country

The average festive articles import price stood at $X per ton in 2022, surging by 46% against the previous year. In general, the import price showed a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.0%).

Source: IndexBox Platform

This report provides an in-depth analysis of the festive articles market 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 32995150 - Festive, carnival or other entertainment articles, n.e.c.

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