Report Update Feb 1, 2025

Nepal - Iron or Steel Plaited Bands and Slings - Market Analysis, Forecast, Size, Trends and Insights

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Nepal: Steel Plaited Band Market 2025

Steel Plaited Band Market Size in Nepal

In 2022, the Nepalese steel plaited band market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption recorded a notable expansion. Steel plaited band consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Steel Plaited Band Exports

Exports from Nepal

In 2022, approx. X kg of iron or steel plaited bands and slings were exported from Nepal; with a decrease of -64% compared with the previous year. In general, exports faced a abrupt descent. The pace of growth appeared the most rapid in 2014 when exports increased by 18% against the previous year. As a result, the exports reached the peak of X kg. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, steel plaited band exports contracted remarkably to $X in 2022. Overall, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 69% against the previous year. The exports peaked at $X in 2021, and then declined dramatically in the following year.

Exports by Country

Spain (X kg) and Slovakia (X kg) were the main destinations of steel plaited band exports from Nepal. Moreover, steel plaited band exports in Spain exceeded the figures recorded by the second-largest exporter, Slovakia, twofold.

From 2013 to 2022, the biggest increases were recorded for Spain (with a CAGR of 0.0%).

In value terms, Spain ($X) emerged as the key foreign market for iron or steel plaited bands and slings exports from Nepal, comprising 83% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 17% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of value to Spain was relatively modest.

Export Prices by Country

In 2022, the average steel plaited band export price amounted to $X per ton, surging by 122% against the previous year. Overall, the export price showed a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Slovakia stood at $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+42.4%).

Steel Plaited Band Imports

Imports into Nepal

In 2022, overseas purchases of iron or steel plaited bands and slings were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 333%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, steel plaited band imports skyrocketed to $X in 2022. In general, imports continue to indicate measured growth. The most prominent rate of growth was recorded in 2014 with an increase of 391%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest steel plaited band supplier to Nepal, with a 85% share of total imports. Moreover, steel plaited band imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to +1.5%.

In value terms, India ($X) constituted the largest supplier of iron or steel plaited bands and slings to Nepal, comprising 85% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual growth rate of value from India stood at +4.8%.

Import Prices by Country

The average steel plaited band import price stood at $X per ton in 2022, picking up by 22% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2020 when the average import price increased by 36% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

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 totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.3%).

Source: IndexBox Platform

This report provides an in-depth analysis of the steel plaited band 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 25931150 - Iron or steel plaited bands, slings and the like (excluding electrically insulated)

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024