Nepal: Market for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Nepal

The Nepalese market for rigid tubes, pipes and hoses of polymers of vinyl chloride rose notably to $X in 2022, growing by 7.8% against the previous year. Overall, consumption saw strong growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Nepal

In value terms, vinyl chloride polymer rigid pipes production expanded sharply to $X in 2022 estimated in export price. Overall, production recorded a buoyant expansion. The growth pace was the most rapid in 2019 when the production volume increased by 76%. Vinyl chloride polymer rigid pipes production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from Nepal

In 2022, after four years of growth, there was significant decline in overseas shipments of rigid tubes, pipes and hoses of polymers of vinyl chloride, when their volume decreased by -15.7% to X tons. In general, exports, however, saw significant growth. The growth pace was the most rapid in 2019 with an increase of 172% against the previous year. The exports peaked at X tons in 2021, and then contracted remarkably in the following year.

In value terms, vinyl chloride polymer rigid pipes exports reduced dramatically to $X in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 284% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then declined notably in the following year.

Exports by Country

India (X tons) was the main destination for vinyl chloride polymer rigid pipes exports from Nepal, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to India amounted to +20.2%.

In value terms, India ($X) also remains the key foreign market for rigid tubes, pipes and hoses of polymers of vinyl chloride exports from Nepal.

From 2012 to 2022, the average annual growth rate of value to India totaled +24.5%.

Export Prices by Country

In 2022, the average export price for rigid tubes, pipes and hoses of polymers of vinyl chloride amounted to $X per ton, which is down by -2.5% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vinyl chloride polymer rigid pipes export price increased by +79.1% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 42%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then fell in the following year.

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 +3.6% per year.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into Nepal

In 2022, vinyl chloride polymer rigid pipes imports into Nepal contracted notably to X tons, waning by -23.3% against the previous year's figure. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 130% against the previous year. Imports peaked at X tons in 2021, and then dropped dramatically in the following year.

In value terms, vinyl chloride polymer rigid pipes imports reduced notably to $X in 2022. Over the period under review, imports, however, recorded significant growth. The growth pace was the most rapid in 2015 when imports increased by 154% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then declined remarkably in the following year.

Imports by Country

In 2022, India (X tons) was the main vinyl chloride polymer rigid pipes supplier to Nepal, accounting for a 91% share of total imports. Moreover, vinyl chloride polymer rigid pipes imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from India amounted to +28.5%.

In value terms, India ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of vinyl chloride to Nepal, comprising 90% of total imports. The second position in the ranking was held by China ($X), with a 6.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from India totaled +28.7%.

Import Prices by Country

The average import price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 25% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Average prices varied somewhat 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 amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.1%).

Source: IndexBox Platform