Smartphone import grew in Nepal in FY 2081/82 by 24 percent. According to the Department of Customs report, smartphones worth Rs 35.54 billion were imported into Nepal in FY 2081/82.
The report shows a significant boost in smartphone trading in Nepal. It does prove that the smartphone market has revived following a major slowdown during and after the COVID-19 pandemic. People were holding on to their phones for much longer; however, things seem to be changing now that the pandemic is far behind.
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Smartphone import growth in FY 2081/82
In FY 2081/82, Nepali traders brought in smartphones worth Rs 35 arba, 54 crore, 73 lakh, and 42 thousand. During the period, a total of 21 lakh, 84 thousand, and 694 units of smartphones were brought into the country. In terms of revenues, the government collected Rs 6 arba, 62 crore, 76 lakh, and 37 thousand from smartphone imports.
To compare, in FY 2080/81, the industry transacted Rs 28 arba, 66 crore, 62 lakh, and 35 thousand for 18 lakh, 39 thousand, and 35 units of smartphones. During the period, the government collected Rs 5 arba, 33 crore, 93 lakh, and 99 thousand in revenue.
Smartphone import | FY 2081/82 | FY 2080/81 |
Worth | Rs 35,54,73,42,000 | Rs 28,66,62,35,000 |
Units | 21,84,694 | 18,39,035 |
Government revenues | 6,62,76,37,000 | 5,33,93,99,000 |
In total, Nepal witnessed a 24 percent increase in smartphone imports in the last fiscal year.
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Better days coming for the smartphone import in 2082?
The Customs Department figure already encourages the industry. However, things could go further green for the market around the holiday season. Most Nepalese tend to spend big during the Dashain Tihar holiday season. Likewise, the industry is likely to expect huge sales during the period, which accounts for a large share of businesses throughout the year.
Nepal remains a price-sensitive market, so budget phones are sold in large volumes (check out best budget 5G phones). But despite that, flagship phones also draw traction among buyers. As the market continues to pull in positive numbers, the year 2082 (and FY 2082/83) could have more in the bag for the smartphone industry.