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

Contents:

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

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

The average import price for ties, bow ties and cravats (not knitted or crocheted)s stood at $7.5 per unit in 2022, declining by -18.2% against the previous year. Overall, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.7% 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 increased by +50.4% against 2018 indices. The pace of growth appeared the most rapid in 2021 an increase of 61%. As a result, import price reached the peak level of $9.1 per unit, and then reduced sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Romania ($134 per unit), while the price for Bangladesh ($998 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+28.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for ties, bow ties and cravats (not knitted or crocheted)s stood at $4.7 per unit in 2022, with an increase of 7.3% against the previous year. Overall, the export price, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 36%. The export price peaked at $20 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($30 per unit), while the average price for exports to Hungary ($1.5 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 Japan (+0.2%), while the prices for the other major destinations experienced a decline.

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

In 2022, supplies from abroad of ties, bow ties and cravats (not knitted or crocheted)s was finally on the rise to reach 762K units for the first time since 2019, thus ending a two-year declining trend. In general, imports recorded a relatively flat trend pattern. 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 rose rapidly to $5.7M in 2022. The total import value increased at an average annual rate of +5.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 34% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.

Import of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Belgium (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China15570964494682.7%
France65239327494213.0%
Netherlands1,551652805738-21.9%
Germany841666529665-7.5%
Italy745399360399-18.8%
Denmark10273.828.897.4-1.5%
Turkey35.630.240.949.111.3%
Bangladesh6.85.63.436.174.4%
Others7899392,4791,81432.0%
Total4,8783,8675,1655,6865.2%

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

  1. China (392.6K units)
  2. Germany (90.5K units)
  3. France (72.8K units)
  4. Netherlands (70.1K units)
  5. Bangladesh (36.2K units)
  6. Turkey (24.5K units)
  7. Denmark (23.1K units)
  8. Italy (14.6K units)

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

For the fourth consecutive year, Belgium recorded growth in shipments abroad of ties, bow ties and cravats (not knitted or crocheted)s, which increased by 25% to 371K units in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 86%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of ties, bow ties and cravats (not knitted or crocheted)s surged to $1.7M in 2022. The total export value increased at an average annual rate of +6.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Belgium (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany40.3127433613147.8%
Japan1,00050481.2335-30.5%
France77.228515016829.6%
Spain12.310.316.586.891.8%
Italy26.610476.283.746.5%
Netherlands43.038.751.859.511.4%
Luxembourg50.536.614.313.8-35.1%
Hungary1.539.466.41.3-4.7%
Others19140440237325.0%
Total1,4421,5491,2921,7346.3%

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

  1. Germany (194.6K units)
  2. France (64.2K units)
  3. Italy (38.1K units)
  4. Spain (18.8K units)
  5. Netherlands (14.9K units)
  6. Japan (11.1K units)
  7. Luxembourg (5.3K units)
  8. Hungary (0.9K units)

Source: IndexBox Market Intelligence Platform

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