Nepal: Plaits And Basketwork Market 2025

Plaits And Basketwork Market Size in Nepal

The Nepalese plaits and basketwork market reduced modestly to $X in 2022, shrinking by -2.5% against the previous year. Over the period under review, consumption showed a perceptible downturn. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Plaits And Basketwork Production in Nepal

In value terms, plaits and basketwork production contracted slightly to $X in 2022 estimated in export price. Overall, production saw a noticeable descent. The pace of growth was the most pronounced in 2013 when the production volume increased by 7.3% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Plaits And Basketwork Exports

Exports from Nepal

Plaits and basketwork exports from Nepal fell to X tons in 2022, with a decrease of -5.9% on the previous year's figure. In general, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 173% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, plaits and basketwork exports dropped to $X in 2022. Overall, exports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of 216%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

India (X tons), the United States (X tons) and Sweden (X tons) were the main destinations of plaits and basketwork exports from Nepal, together accounting for 50% of total exports. Canada, the UK, Finland and China lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +84.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plaits and basketwork exported from Nepal were India ($X), Sweden ($X) and Canada ($X), together accounting for 42% of total exports.

In terms of the main countries of destination, India, with a CAGR of +102.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average plaits and basketwork export price amounted to $X per ton, with a decrease of -7.2% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 48%. The export price peaked at $X per ton 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+24.5%), while the prices for the other major destinations experienced mixed trend patterns.

Plaits And Basketwork Imports

Imports into Nepal

In 2022, approx. X tons of plaits, basketwork, wickerwork and similar products of plaiting materials were imported into Nepal; falling by -13.3% against the previous year's figure. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 148% against the previous year. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, plaits and basketwork imports contracted sharply to $X in 2022. Over the period under review, imports continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2021 when imports increased by 138% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) constituted the largest plaits and basketwork supplier to Nepal, with a 71% share of total imports. Moreover, plaits and basketwork imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.3% per year) and Singapore (-6.2% per year).

In value terms, India ($X) constituted the largest supplier of plaits, basketwork, wickerwork and similar products of plaiting materials to Nepal, comprising 49% of total imports. The second position in the ranking was held by China ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India stood at +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-14.0% per year) and Singapore (-10.0% per year).

Import Prices by Country

In 2022, the average plaits and basketwork import price amounted to $X per ton, falling by -18% against the previous year. Over the period under review, the import price recorded a pronounced decline. The pace of growth appeared the most rapid in 2014 when the average import price increased by 74%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform