Nepal: Market for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm 2024

Market Size for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Nepal

The Nepalese market for self-adhesive plastic tape in rolls of a width under 20cm dropped rapidly to $X in 2022, with a decrease of -19.6% 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, enjoyed buoyant growth. Over the period under review, the market hit record highs at $X in 2021, and then fell notably in the following year.

Exports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Exports from Nepal

In 2022, overseas shipments of self-adhesive plastic tape in rolls of a width under 20cm were finally on the rise to reach X tons after five years of decline. In general, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 when exports increased by 282%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of self-adhesive plastic tape in rolls of a width under 20cm expanded significantly to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt descent. The growth pace was the most rapid in 2016 when exports increased by 265%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for exports of self-adhesive plastic tape in rolls of a width under 20cm from Nepal, with a 98% share of total exports. It was followed by China (X kg), with a 2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to India amounted to -15.1%.

In value terms, India ($X) remains the key foreign market for self-adhesive plastic tape in rolls of a width under 20cm exports from Nepal, comprising 83% of total exports. The second position in the ranking was taken by China ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to India stood at -15.6%.

Export Prices by Country

The average export price for self-adhesive plastic tape in rolls of a width under 20cm stood at $X per ton in 2022, falling by -3.2% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 6.1% against the previous year. The export price peaked at $X per ton in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+21.9%).

Imports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Imports into Nepal

In 2022, approx. X tons of self-adhesive plastic tape in rolls of a width under 20cm were imported into Nepal; reducing by -17% against the previous year's figure. In general, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 131% against the previous year. Imports peaked at X tons in 2021, and then declined rapidly in the following year.

In value terms, imports of self-adhesive plastic tape in rolls of a width under 20cm shrank notably to $X in 2022. Overall, imports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2017 when imports increased by 102% against the previous year. Imports peaked at $X in 2021, and then fell significantly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest self-adhesive plastic tape in rolls of a width under 20cm supplier to Nepal, accounting for a 75% share of total imports. Moreover, imports of self-adhesive plastic tape in rolls of a width under 20cm from China exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+13.9% per year) and Taiwan (Chinese) (+10.7% per year).

In value terms, China ($X) constituted the largest supplier of self-adhesive plastic tape in rolls of a width under 20cm to Nepal, comprising 78% of total imports. The second position in the ranking was held by India ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-1.2% per year) and Taiwan (Chinese) (+2.0% per year).

Import Prices by Country

The average import price for self-adhesive plastic tape in rolls of a width under 20cm stood at $X per ton in 2022, with a decrease of -4.1% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 53% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, 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 India ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform