Nepal: Market for Non-Soap Washing and Cleaning Preparations 2024

Market Size for Non-Soap Washing and Cleaning Preparations in Nepal

The Nepalese market for non-soap washing and cleaning preparations shrank slightly to $X in 2022, which is down by -2.8% against the previous year. In general, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +3.0% against 2020 indices. 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.

Production of Non-Soap Washing and Cleaning Preparations in Nepal

In value terms, non-soap washing and cleaning preparations production contracted modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.6% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 29%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Non-Soap Washing and Cleaning Preparations

Exports from Nepal

In 2022, after three years of growth, there was significant decline in shipments abroad of non-soap washing and cleaning preparations, when their volume decreased by -14% to X tons. Over the period under review, exports saw a abrupt decline. The growth pace was the most rapid in 2016 with an increase of 78% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, non-soap washing and cleaning preparations exports rose notably to $X in 2022. In general, exports recorded a deep setback. The pace of growth was the most pronounced in 2016 when exports increased by 70% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for non-soap washing and cleaning preparations exports from Nepal, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to India totaled -6.3%.

In value terms, India ($X) also remains the key foreign market for non-soap washing and cleaning preparations exports from Nepal.

From 2012 to 2022, the average annual growth rate of value to India amounted to -5.1%.

Export Prices by Country

The average export price for non-soap washing and cleaning preparations stood at $X per ton in 2022, rising by 25% against the previous year. Overall, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-soap washing and cleaning preparations export price decreased by -32.0% against 2018 indices. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +1.3% per year.

Imports of Non-Soap Washing and Cleaning Preparations

Imports into Nepal

After four years of growth, purchases abroad of non-soap washing and cleaning preparations decreased by -8.3% to X tons in 2022. Over the period under review, imports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2019 with an increase of 79% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then reduced in the following year.

In value terms, non-soap washing and cleaning preparations imports declined to $X in 2022. In general, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 58% against the previous year. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, India (X tons) was the main non-soap washing and cleaning preparations supplier to Nepal, with a 96% share of total imports. It was followed by Malaysia (X tons), with a 1.3% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from India amounted to +15.9%.

In value terms, India ($X) constituted the largest supplier of non-soap washing and cleaning preparations to Nepal, comprising 95% of total imports. The second position in the ranking was held by Malaysia ($X), with a 1.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from India stood at +12.1%.

Import Prices by Country

The average import price for non-soap washing and cleaning preparations stood at $X per ton in 2022, with a decrease of -2.9% against the previous year. In general, the import price showed a noticeable decline. The pace of growth appeared the most rapid in 2017 when the average import price increased by 17%. As a result, import price reached the peak level of $X per ton. From 2018 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 Malaysia ($X per ton), while the price for India totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+8.4%).

Source: IndexBox Platform