KATHMANDU, NOV 10 - 2012
First quarter handicraft exports were up 9.93 percent to Rs 1.30 billion year on year. According to the Federation of Handicraft Associations of Nepal (FHAN), Nepal exported handicrafts worth Rs 1.18 billion during the period mid-July to mid-October last year.
Despite an increase in exports, the rate of growth has dropped this year compared to the same period in the last fiscal year. Exports had grown 31.22 percent in Q1 in 2011 compared to the same period in 2010. FHAN president Bikash Ratna Dhakhwa said the growth was satisfactory as the first quarter of the fiscal year is usually a slow season for
handicraft exports. “Exports usually take off after October,” said Dhakhwa.
According to the federation, exports in the textile segment grew 6.26 percent while the non-textile segment increased 13.94 percent. A surge in the export of pashmina and metal crafts contributed greatly to the rise in handicraft exports in Q1. Exports of pashmina and felt products in the textile segment registered a growth of 77.14 percent and 22.39 percent respectively. “Growing publicity in the international market of the collective trademark Chyangra Pashmina has definitely helped to boost exports,” said Dhakhwa.
Meanwhile, exports of metal craft also registered an impressive growth of 36.33 percent to Rs 299.76 million in the first three months this year. According to FHAN, there is growing demand for sacred images mainly in China and the European market. However, the rest of the handicraft products witnessed a fall in exports. Woollen goods, silk products, hemp products, Dhaka products and silver jewellery recorded a decline in exports. Exports of silk products and silver jewellery plunged 64.09 percent and 34.13 percent respectively,
the largest fall in exports among handicraft items. Similarly, exports of woollen products, which has a market share of 19.6 percent, also fell around 6 percent.
Likewise, exports of handmade paper products, which saw a growth of more than 32 percent in the last fiscal year, plunged 18 percent to Rs 113.53 million in Q1. Dhakhwa said growing use of substandard raw materials in the name of Nepali paper could be the reason behind its declining exports. Exports of handicraft goods, which are one of the major exportable products of the country, amounted to
Rs 4.11 billion last year. Dhakhwa urged the government to provide cash incentives and refinancing facility to promote the sector.
Source: The Kathmandu Post
First quarter handicraft exports were up 9.93 percent to Rs 1.30 billion year on year. According to the Federation of Handicraft Associations of Nepal (FHAN), Nepal exported handicrafts worth Rs 1.18 billion during the period mid-July to mid-October last year.
Despite an increase in exports, the rate of growth has dropped this year compared to the same period in the last fiscal year. Exports had grown 31.22 percent in Q1 in 2011 compared to the same period in 2010. FHAN president Bikash Ratna Dhakhwa said the growth was satisfactory as the first quarter of the fiscal year is usually a slow season for
handicraft exports. “Exports usually take off after October,” said Dhakhwa.
According to the federation, exports in the textile segment grew 6.26 percent while the non-textile segment increased 13.94 percent. A surge in the export of pashmina and metal crafts contributed greatly to the rise in handicraft exports in Q1. Exports of pashmina and felt products in the textile segment registered a growth of 77.14 percent and 22.39 percent respectively. “Growing publicity in the international market of the collective trademark Chyangra Pashmina has definitely helped to boost exports,” said Dhakhwa.
Meanwhile, exports of metal craft also registered an impressive growth of 36.33 percent to Rs 299.76 million in the first three months this year. According to FHAN, there is growing demand for sacred images mainly in China and the European market. However, the rest of the handicraft products witnessed a fall in exports. Woollen goods, silk products, hemp products, Dhaka products and silver jewellery recorded a decline in exports. Exports of silk products and silver jewellery plunged 64.09 percent and 34.13 percent respectively,
the largest fall in exports among handicraft items. Similarly, exports of woollen products, which has a market share of 19.6 percent, also fell around 6 percent.
Likewise, exports of handmade paper products, which saw a growth of more than 32 percent in the last fiscal year, plunged 18 percent to Rs 113.53 million in Q1. Dhakhwa said growing use of substandard raw materials in the name of Nepali paper could be the reason behind its declining exports. Exports of handicraft goods, which are one of the major exportable products of the country, amounted to
Rs 4.11 billion last year. Dhakhwa urged the government to provide cash incentives and refinancing facility to promote the sector.
Source: The Kathmandu Post
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