Overview
The number of international and domestic air passengers has increased dramatically in recent years. The number of tourists visiting Nepal has increased year-on-year. According to the Civil Aviation Authority of Nepal (CAAN), 30 international carriers provide service to Nepal and 9 domestic carriers provide service inside the country. There were 129,511 flights (including domestic) over Nepali skies carrying 7.2 million passengers in 2018.
Exports/Imports of Aircraft and Parts (U. S. $ thousands)
|
|
2016 |
2017 |
2018 |
2019 |
|
Total Local Production |
0 |
0 |
0 |
0 |
|
Total Exports |
0 |
0 |
0 |
0 |
|
Total Imports |
80,525,242 |
211,494,009 |
339,947,624 |
39,534,950 |
|
Imports from the US |
10,678,383 |
12,118,945 |
18,687,115 |
5,907,553 |
|
Total Market Size |
80,525,242 |
211,494,009 |
339,947,624 |
39,534,950 |
|
Exchange Rates |
106.65 |
107.92 |
104.4 |
112.9 |
(total market size = (total local production + imports) - exports)
Imports: Trade and Economic Promotion Center, Nepal
Imports from U.S.: Trade and Economic Promotion Center, Nepal
Leading Sub-Sectors
The best sub-sector prospects for U.S. businesses include aircraft spare parts and sales of small aircraft. As a number of domestic airlines look to expand regionally and increase their fleets, prospects for aircraft sales should pick up.
Opportunities
Private airlines in Nepal mushroomed in the early 1990s, providing opportunities for the sale of new and used short-haul, turboprop passenger aircraft. U.S. businesses are advised to target the aircraft spare parts market by establishing direct links with domestic airline operators in Nepal. Nepal’s private airlines, which previously limited their operations to the domestic sector, are gradually entering international operations.
Resources
Civil Aviation Authority of Nepal
Ministry of Culture, Tourism and Civil Aviation