Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Azerbaijan - 2024

Contents:

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

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

The average import price for ties, bow ties and cravats (not knitted or crocheted)s stood at $4.1 per unit in 2022, with a decrease of -37% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 84% against the previous year. As a result, import price attained the peak level of $8.3 per unit. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($22 per unit), while the price for China ($578 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for ties, bow ties and cravats (not knitted or crocheted)s amounted to $5.4 per unit, growing by 395% against the previous year. In general, the export price posted a significant increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 1,916%. Over the period under review, the average export prices hit record highs at $92 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($11 per unit), while the average price for exports to Switzerland ($530 per thousand units) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+6.9%), while the prices for the other major destinations experienced a decline.

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

In 2022, overseas purchases of ties, bow ties and cravats (not knitted or crocheted)s were finally on the rise to reach 154K units after two years of decline. In general, imports, however, continue to indicate a abrupt setback. Over the period under review, imports of hit record highs at 183K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of ties, bow ties and cravats (not knitted or crocheted)s soared to $639K in 2022. Overall, total imports indicated a notable expansion from 2019 to 2022: its value increased at an average annual rate of +2.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Turkey (77.2K units)
2. China (58.9K units)
3. Italy (15.3K units)

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

Exports of ties, bow ties and cravats (not knitted or crocheted)s from Azerbaijan surged to 632 units in 2022, jumping by 32% on the year before. In general, exports saw a significant expansion. The growth pace was the most rapid in 2020 with an increase of 182%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, exports of ties, bow ties and cravats (not knitted or crocheted)s soared to $3.4K in 2022. Over the period under review, exports, however, saw a sharp setback. The exports peaked at $7.2K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

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

1. Switzerland (332.0 units)
2. Netherlands (166.0 units)
3. Spain (77.0 units)
4. Georgia (52.0 units)
5. Italy (5.0 units)

Source: IndexBox Market Intelligence Platform