Nepal: Market for Non-Domestic Percolators and Equipment For Cooking Or Heating Food 2024

Market Size for Non-Domestic Percolators and Equipment For Cooking Or Heating Food in Nepal

The Nepalese market for non-domestic percolators and equipment for cooking or heating food amounted to $X in 2022, picking up by 5% 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). Over the period under review, consumption, however, saw significant growth. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Exports of Non-Domestic Percolators and Equipment For Cooking Or Heating Food

Exports from Nepal

For the third consecutive year, Nepal recorded growth in shipments abroad of non-domestic percolators and equipment for cooking or heating food, which increased by 25% to X units in 2022. Over the period under review, exports enjoyed a resilient increase. The growth pace was the most rapid in 2017 when exports increased by 100% against the previous year. Over the period under review, the exports of reached the peak figure at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of non-domestic percolators and equipment for cooking or heating food surged to $X in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 17,963%. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X units) was the main destination for exports of non-domestic percolators and equipment for cooking or heating food from Nepal, accounting for a 80% share of total exports. Moreover, exports of non-domestic percolators and equipment for cooking or heating food to Australia exceeded the volume sent to the second major destination, Canada (X units), fourfold.

From 2015 to 2022, the average annual rate of growth in terms of volume to Australia was relatively modest.

In value terms, Australia ($X) remains the key foreign market for non-domestic percolators and equipment for cooking or heating food exports from Nepal, comprising 99% of total exports. The second position in the ranking was held by Canada ($X), with a 1.1% share of total exports.

From 2015 to 2022, the average annual growth rate of value to Australia amounted to +496.1%.

Export Prices by Country

In 2022, the average export price for non-domestic percolators and equipment for cooking or heating food amounted to $X per unit, with an increase of 382% against the previous year. Over the period under review, the export price showed a significant expansion. The growth pace was the most rapid in 2016 an increase of 17,962% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+722.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Domestic Percolators and Equipment For Cooking Or Heating Food

Imports into Nepal

In 2022, approx. X units of non-domestic percolators and equipment for cooking or heating food were imported into Nepal; waning by -4% on 2021 figures. In general, imports, however, saw a significant increase. The growth pace was the most rapid in 2016 with an increase of 427% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of non-domestic percolators and equipment for cooking or heating food soared to $X in 2022. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 636% 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 non-domestic percolators and equipment for cooking or heating food to Nepal, accounting for a 49% share of total imports. Moreover, imports of non-domestic percolators and equipment for cooking or heating food from China exceeded the figures recorded by the second-largest supplier, India (X units), threefold. Malaysia (X units) ranked third in terms of total imports with a 7% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +79.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+32.3% per year) and Malaysia (+37.4% per year).

In value terms, China ($X), India ($X) and France ($X) constituted the largest non-domestic percolators and equipment for cooking or heating food suppliers to Nepal, with a combined 58% share of total imports.

China, with a CAGR of +68.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for non-domestic percolators and equipment for cooking or heating food amounted to $X per unit, growing by 24% against the previous year. In general, the import price, however, showed a slight curtailment. The pace of growth was the most pronounced in 2016 an increase of 40%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices failed to regain momentum.

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 Spain ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform