Nepal: Market for Silk Shawls And Scarves 2024

Market Size for Silk Shawls And Scarves in Nepal

In 2022, the Nepalese silk shawl and scarf market decreased by -51.2% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Silk Shawls And Scarves in Nepal

In value terms, silk shawl and scarf production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a noticeable setback. The pace of growth was the most pronounced in 2016 when the production volume increased by 51%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Silk Shawls And Scarves

Exports from Nepal

After two years of decline, overseas shipments of silk shawls and scarves increased by 13% to X units in 2022. Over the period under review, exports, however, showed a slight downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 189% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, silk shawl and scarf exports reduced to $X in 2022. In general, exports, however, recorded a slight decline. The growth pace was the most rapid in 2013 with an increase of 194%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X units), India (X units) and the United States (X units) were the main destinations of silk shawl and scarf exports from Nepal, with a combined 59% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +51.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for silk shawl and scarf exported from Nepal were India ($X), Switzerland ($X) and the United States ($X), with a combined 40% share of total exports.

Among the main countries of destination, Switzerland, with a CAGR of +46.2%, recorded the highest rates of growth with regard to 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 silk shawl and scarf export price amounted to $X per unit, falling by -21.5% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by 42% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained 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 Switzerland ($X per unit), while the average price for exports to Austria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Silk Shawls And Scarves

Imports into Nepal

In 2022, supplies from abroad of silk shawls and scarves decreased by -68.1% to X units for the first time since 2014, thus ending a seven-year rising trend. Overall, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 473%. Imports peaked at X units in 2021, and then contracted sharply in the following year.

In value terms, silk shawl and scarf imports contracted sharply to $X in 2022. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 282%. Imports peaked at $X in 2021, and then contracted markedly in the following year.

Imports by Country

In 2022, China (X units) was the main silk shawl and scarf supplier to Nepal, accounting for a 92% share of total imports. Moreover, silk shawl and scarf imports from China exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +37.5%.

In value terms, China ($X) constituted the largest supplier of silk shawls and scarves to Nepal, comprising 71% of total imports. The second position in the ranking was held by India ($X), with a 27% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +35.8%.

Import Prices by Country

In 2022, the average silk shawl and scarf import price amounted to $X per unit, reducing by -4.7% against the previous year. Overall, the import price recorded a abrupt setback. The pace of growth was the most pronounced in 2014 an increase of 37% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 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 unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-0.6%).

Source: IndexBox Platform