Nepal: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Nepal

The Nepalese market for turbo, rotary and reciporating displacement compressors dropped significantly to $X in 2022, waning by -34.9% 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). In general, consumption, however, continues to indicate a significant expansion. As a result, consumption attained the peak level of $X, and then declined remarkably in the following year.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from Nepal

In 2022, approx. X units of turbo, rotary and reciporating displacement compressors were exported from Nepal; therefore, remained relatively stable against the previous year. In general, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 900%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of turbo, rotary and reciporating displacement compressors dropped to $X in 2022. Overall, exports faced a significant contraction. The growth pace was the most rapid in 2016 with an increase of 213,047% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Russia (X units) and India (X units) were the main destinations of exports of turbo, rotary and reciporating displacement compressors from Nepal. Moreover, exports of turbo, rotary and reciporating displacement compressors in Russia exceeded the figures recorded by the second-largest exporter, India, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of -10.4%).

In value terms, India ($X) remains the key foreign market for turbo, rotary and reciporating displacement compressors exports from Nepal, comprising 89% of total exports. The second position in the ranking was held by Russia ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value to India totaled -22.5%.

Export Prices by Country

In 2022, the average export price for turbo, rotary and reciporating displacement compressors amounted to $X per unit, remaining stable against the previous year. In general, the export price saw a abrupt decline. The pace of growth appeared the most rapid in 2016 an increase of 21,215%. As a result, the export price reached the peak level of $X per unit. From 2017 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 India ($X per unit), while the average price for exports to Russia stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-10.4%).

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into Nepal

In 2022, approx. X units of turbo, rotary and reciporating displacement compressors were imported into Nepal; waning by -32.7% compared with 2021 figures. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 310% against the previous year. As a result, imports attained the peak of X units, and then contracted notably in the following year.

In value terms, imports of turbo, rotary and reciporating displacement compressors fell remarkably to $X in 2022. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 289%. As a result, imports attained the peak of $X, and then contracted dramatically in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of turbo, rotary and reciporating displacement compressor to Nepal, with a 65% share of total imports. Moreover, imports of turbo, rotary and reciporating displacement compressors from China exceeded the figures recorded by the second-largest supplier, India (X units), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +44.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+34.3% per year) and Belgium (-13.9% per year).

In value terms, the largest turbo, rotary and reciporating displacement compressor suppliers to Nepal were China ($X), India ($X) and Belgium ($X), with a combined 88% share of total imports.

Among the main suppliers, China, with a CAGR of +63.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, dropping by -6.6% against the previous year. Over the period under review, the import price saw a mild reduction. The most prominent rate of growth was recorded in 2017 an increase of 55%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Belgium ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform