Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Algeria - 2022

Contents:

  1. Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Algeria (CIF) - 2022
  2. Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Algeria (FOB) - 2022
  3. Imports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Algeria
  4. Exports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Algeria

Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Algeria (CIF) - 2022

In 2022, the average import price for ties, bow ties and cravats (not knitted or crocheted)s amounted to $1 per unit, shrinking by -22.6% against the previous year. Over the period under review, the import price showed a deep setback. The growth pace was the most rapid in 2018 an increase of 69% against the previous year. Over the period under review, average import prices attained the maximum at $2.1 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Italy ($6.7 per unit), while the price for China ($272 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-14.3%), while the prices for the other major suppliers experienced a decline.

Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Algeria (FOB) - 2022

In 2022, the average export price for ties, bow ties and cravats (not knitted or crocheted)s amounted to $3.8 per unit, declining by -3.8% against the previous year. In general, the export price continues to indicate a abrupt setback. The growth pace was the most rapid in 2013 when the average export price increased by 119% against the previous year. As a result, the export price reached the peak level of $31 per unit. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($3.9 per unit), while the average price for exports to Finland totaled $3.7 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+884.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Algeria

In 2022, imports of ties, bow ties and cravats (not knitted or crocheted)s into Algeria declined dramatically to 37K units, dropping by -22.3% compared with 2021 figures. Over the period under review, imports recorded a dramatic decline. The growth pace was the most rapid in 2021 when imports increased by 59% against the previous year. Imports peaked at 113K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of ties, bow ties and cravats (not knitted or crocheted)s declined remarkably to $37K in 2022. Overall, imports showed a dramatic descent. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. Imports peaked at $160K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Algeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy59.733.740.423.7-26.5%
China45.74.78.26.7-47.3%
Turkey20.15.67.33.8-42.6%
France8.01.30.60.7-55.6%
Tunisia1.00.50.50.3-33.1%
Others25.95.65.02.1-56.7%
Total16051.562.037.3-38.5%

Top Suppliers of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) to Algeria in 2022:

  1. China (24.5K units)
  2. Turkey (6.5K units)
  3. Italy (3.5K units)
  4. Tunisia (0.9K units)
  5. France (0.6K units)

Exports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Algeria

In 2022, approx. 217 units of ties, bow ties and cravats (not knitted or crocheted)s were exported from Algeria; rising by 20% against 2021. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 72% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, exports of ties, bow ties and cravats (not knitted or crocheted)s soared to $833 in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +26.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +103.7% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 53%. The exports peaked in 2022 and are likely to continue growth in the near future.

Export of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Algeria (USD)
COUNTRY2019202020212022CAGR,
2019-2022
France53.0151194597124.2%
FinlandN/AN/AN/A2360%
South KoreaN/A404319N/A-21.0%
SwitzerlandN/AN/A168N/A0%
SingaporeN/A69.0N/AN/A0%
Angola178N/AN/AN/A0%
TurkeyN/AN/A10.0N/A0%
Others178N/A31.0N/A-58.3%
Total40962472283326.8%

Top Export Markets for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) from Algeria in 2022:

  1. France (153.0 units)
  2. Finland (64.0 units)

Source: IndexBox Market Intelligence Platform

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