Nepal: Unvulcanized Rubber Market 2024

Unvulcanized Rubber Market Size in Nepal

The Nepalese unvulcanized rubber market plummeted to $X in 2022, with a decrease of -38.4% 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, recorded a remarkable increase. As a result, consumption reached the peak level of $X, and then dropped markedly in the following year.

Unvulcanized Rubber Exports

Exports from Nepal

In 2022, overseas shipments of unvulcanized rubber and articles thereof decreased by -16.7% to X kg, falling for the third consecutive year after two years of growth. Overall, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by 8,284%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, unvulcanized rubber exports expanded to $X in 2022. Over the period under review, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2014 when exports increased by 2,971% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Czech Republic (X kg) was the main destination for unvulcanized rubber exports from Nepal, with a 80% share of total exports. Moreover, unvulcanized rubber exports to the Czech Republic exceeded the volume sent to the second major destination, Canada (X kg), fourfold.

From 2012 to 2022, the average annual growth rate of volume to the Czech Republic amounted to -16.4%.

In value terms, the Czech Republic ($X) remains the key foreign market for unvulcanized rubber and articles thereof exports from Nepal, comprising 98% of total exports. The second position in the ranking was taken by Canada ($X), with a 2.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic amounted to -13.6%.

Export Prices by Country

In 2022, the average unvulcanized rubber export price amounted to $X per ton, with an increase of 25% against the previous year. Overall, the export price saw a noticeable expansion. The growth pace was the most rapid in 2016 when the average export price increased by 338%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+445.0%), while the prices for the other major destinations experienced mixed trend patterns.

Unvulcanized Rubber Imports

Imports into Nepal

In 2022, unvulcanized rubber imports into Nepal declined notably to X tons, with a decrease of -37.1% against the year before. Over the period under review, imports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by 281%. As a result, imports reached the peak of X tons, and then reduced sharply in the following year.

In value terms, unvulcanized rubber imports contracted rapidly to $X in 2022. In general, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 343% against the previous year. As a result, imports attained the peak of $X, and then dropped notably in the following year.

Imports by Country

In 2022, India (X tons) constituted the largest unvulcanized rubber supplier to Nepal, with a 85% share of total imports. Moreover, unvulcanized rubber imports from India exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold. The third position in this ranking was taken by China (X tons), with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+16.9% per year) and China (+2.9% per year).

In value terms, India ($X) constituted the largest supplier of unvulcanized rubber and articles thereof to Nepal, comprising 70% of total imports. The second position in the ranking was held by China ($X), with a 19% share of total imports. It was followed by Malaysia, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+24.2% per year) and Malaysia (+8.3% per year).

Import Prices by Country

In 2022, the average unvulcanized rubber import price amounted to $X per ton, which is down by -2.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2018 an increase of 18% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then reduced modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Malaysia ($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 (+20.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform