Report Update Nov 1, 2024

Nepal - Furniture, Bases and Covers for Sewing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Nepal: Sewing Machine Furniture Market 2024

Sewing Machine Furniture Market Size in Nepal

In 2022, the Nepalese sewing machine furniture market increased by 52% to $X, rising for the second consecutive year after two years of decline. Overall, consumption continues to indicate a significant increase. Sewing machine furniture consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Sewing Machine Furniture Exports

Exports from Nepal

Sewing machine furniture exports from Nepal was estimated at X kg in 2022, approximately reflecting 2021 figures. In general, exports continue to indicate significant growth. The smallest decline of 99.9% was in 2013. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, sewing machine furniture exports amounted to $X in 2022. Over the period under review, exports continue to indicate a buoyant increase. The smallest decline of 99.9% was in 2016. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Denmark (X kg) was the main destination for sewing machine furniture exports from Nepal, with a 93% share of total exports. Moreover, sewing machine furniture exports to Denmark exceeded the volume sent to the second major destination, Sweden (X kg), more than tenfold.

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

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

Export Prices by Country

The average sewing machine furniture export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2013 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Denmark totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Sewing Machine Furniture Imports

Imports into Nepal

In 2022, supplies from abroad of furniture, bases and covers for sewing machines increased by 80% to X tons, rising for the second consecutive year after two years of decline. In general, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 197%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, sewing machine furniture imports dropped notably to $X in 2022. Overall, imports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2014 when imports increased by 125% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of sewing machine furniture to Nepal, accounting for a 89% share of total imports. Moreover, sewing machine furniture imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at +59.3%.

In value terms, India ($X) constituted the largest supplier of furniture, bases and covers for sewing machines to Nepal, comprising 75% of total imports. The second position in the ranking was held by China ($X), with a 24% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India stood at +7.3%.

Import Prices by Country

In 2022, the average sewing machine furniture import price amounted to $X per ton, waning by -53.1% against the previous year. Over the period under review, the import price recorded a abrupt downturn. The growth pace was the most rapid in 2020 when the average import price increased by 36%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 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 ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-3.6%).

Source: IndexBox Platform

This report provides an in-depth analysis of the sewing machine furniture 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 28945260 - Furniture, bases and covers for sewing machines and parts thereof, other parts of sewing machines

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