Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Australia - 2024
Contents:
- Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Australia (CIF) - 2022
- Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Australia (FOB) - 2022
- Imports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Australia
- Exports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Australia
Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Australia (CIF) - 2022
The average import price for ties, bow ties and cravats (not knitted or crocheted)s stood at $4.6 per unit in 2022, shrinking by -7.2% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for ties, bow ties and cravats (not knitted or crocheted)s decreased by -12.8% against 2018 indices. The pace of growth was the most pronounced in 2014 an increase of 42%. Over the period under review, average import prices attained the maximum at $5.2 per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($15 per unit), while the price for China ($3.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Australia (FOB) - 2022
In 2022, the average export price for ties, bow ties and cravats (not knitted or crocheted)s amounted to $7.3 per unit, rising by 13% against the previous year. In general, the export price showed tangible growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 164%. The export price peaked at $18 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($24 per unit), while the average price for exports to Kiribati ($4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Australia
In 2022, approx. 1.6M units of ties, bow ties and cravats (not knitted or crocheted)s were imported into Australia; with an increase of 77% on 2021. Overall, imports recorded a mild increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of ties, bow ties and cravats (not knitted or crocheted)s skyrocketed to $7.4M in 2022. In general, imports, however, showed a relatively flat trend pattern. Over the period under review, imports of hit record highs at $7.5M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.3 | 2.4 | 2.9 | 5.1 | 5.9% |
| Italy | 2.2 | 1.0 | 0.9 | 1.5 | -12.0% |
| France | 0.4 | 0.4 | 0.3 | 0.4 | 0.0% |
| Others | 0.5 | 0.3 | 0.3 | 0.4 | -7.2% |
| Total | 7.5 | 4.0 | 4.5 | 7.4 | -0.4% |
Top Suppliers of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) to Australia in 2022:
- China (1357.8K units)
- Italy (175.6K units)
- France (19.9K units)
Exports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Australia
In 2022, exports of ties, bow ties and cravats (not knitted or crocheted)s from Australia declined to 35K units, waning by -14.2% on 2021 figures. Over the period under review, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 294%. As a result, the exports reached the peak of 41K units, and then declined in the following year.
In value terms, exports of ties, bow ties and cravats (not knitted or crocheted)s contracted modestly to $256K in 2022. Overall, total exports indicated a pronounced increase from 2019 to 2022: its value increased at an average annual rate of +2.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 88%. As a result, the exports reached the peak of $265K, and then declined slightly in the following year.
| Export of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 139 | 79.3 | 210 | 168 | 6.5% |
| Japan | N/A | N/A | N/A | 28.6 | 0% |
| Singapore | 19.6 | 30.1 | 12.5 | 13.2 | -12.3% |
| United States | 4.4 | 5.9 | 9.4 | 5.9 | 10.3% |
| Kiribati | N/A | N/A | N/A | 3.9 | 0% |
| United Kingdom | 3.3 | 0.8 | 0.4 | 3.1 | -2.1% |
| China | 4.1 | N/A | 6.5 | 3.0 | -9.9% |
| Papua New Guinea | 9.6 | 1.5 | 1.8 | 1.4 | -47.4% |
| Netherlands | 50.2 | 0.1 | N/A | N/A | -99.8% |
| Others | 7.5 | 23.7 | 23.9 | 28.9 | 56.8% |
| Total | 238 | 141 | 265 | 256 | 2.5% |
Top Export Markets for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) from Australia in 2022:
- New Zealand (26.4K units)
- Japan (3.2K units)
- Kiribati (1.0K units)
- United Kingdom (0.8K units)
- United States (0.6K units)
- Singapore (0.6K units)
- Papua New Guinea (0.2K units)
- China (0.2K units)
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