Nepal: Hvac Equipment Market 2025

Hvac Equipment Market Size in Nepal

The Nepalese HVAC equipment market expanded slightly to $X in 2022, picking up 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). Overall, consumption, however, saw resilient growth. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Hvac Equipment Exports

Exports from Nepal

In 2022, the amount of HVAC equipment exported from Nepal surged to X units, increasing by X% compared with 2021 figures. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, HVAC equipment exports soared to $X in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Bhutan (X units) was the main destination for HVAC equipment exports from Nepal, accounting for a X% share of total exports. It was followed by India (X units), with less than X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bhutan totaled X%.

In value terms, India ($X) and Bhutan ($X) appeared to be the largest markets for HVAC equipment exported from Nepal worldwide.

Bhutan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average HVAC equipment export price amounted to $X per unit, falling by X% against the previous year. Overall, the export price continues to indicate a dramatic decline. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat 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 India ($X per unit), while the average price for exports to Bhutan totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%).

Hvac Equipment Imports

Imports into Nepal

In 2022, the amount of HVAC equipment imported into Nepal shrank dramatically to X units, dropping by X% on 2021 figures. In general, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, HVAC equipment imports rose remarkably to $X in 2022. Over the period under review, imports, however, saw a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of HVAC equipment to Nepal, accounting for a X% share of total imports. Moreover, HVAC equipment imports from China exceeded the figures recorded by the second-largest supplier, India (X units), twofold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%.

In value terms, China ($X) and India ($X) constituted the largest HVAC equipment suppliers to Nepal.

Among the main suppliers, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the average HVAC equipment import price amounted to $X per unit, jumping by X% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, HVAC equipment import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per unit), while the price for China amounted to $X per unit.

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

Source: IndexBox Platform