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

Contents:

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

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

In 2022, the average import price for ties, bow ties and cravats (not knitted or crocheted)s amounted to $3.9 per unit, picking up by 2.5% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% 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 -17.1% against 2020 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 34% against the previous year. The import price peaked at $5 per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($23 per unit), while the price for China totaled $2.8 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+14.4%).

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

In 2022, the average export price for ties, bow ties and cravats (not knitted or crocheted)s amounted to $4 per unit, rising by 2.7% against the previous year. Overall, the export price, however, continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2021 when the average export price increased by 41%. The export price peaked at $5.7 per unit in 2012; however, from 2013 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 Venezuela ($10 per unit), while the average price for exports to the United States ($1.4 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 Venezuela (+2.8%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, purchases abroad of ties, bow ties and cravats (not knitted or crocheted)s was finally on the rise to reach 134K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a precipitous decline. Over the period under review, imports of reached the peak figure at 281K 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 $520K in 2022. In general, imports, however, faced a dramatic shrinkage. Imports peaked at $1.1M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China576184179345-15.7%
Italy316103108128-26.0%
Spain14556.118.627.4-42.6%
Others74.238.82.520.0-35.4%
Total1,110382308520-22.3%

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

  1. China (125.5K units)
  2. Italy (5.5K units)
  3. Spain (1.6K units)

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

In 2022, after two years of decline, there was significant growth in overseas shipments of ties, bow ties and cravats (not knitted or crocheted)s, when their volume increased by 75% to 32K units. Overall, exports, however, recorded a abrupt decline. The exports peaked at 60K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of ties, bow ties and cravats (not knitted or crocheted)s skyrocketed to $128K in 2022. Over the period under review, exports, however, saw a abrupt curtailment. The exports peaked at $249K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Ecuador11615.738.955.8-21.6%
Costa Rica33.912.710.718.9-17.7%
Guatemala30.512.89.717.5-16.9%
Panama25.417.13.515.6-15.0%
Venezuela6.5N/A1.66.81.5%
El Salvador10.18.82.55.5-18.3%
United States9.81.50.25.0-20.1%
Peru5.03.40.6N/A-65.4%
Others11.43.93.32.8-37.4%
Total24975.771.0128-19.9%

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

  1. Ecuador (10.0K units)
  2. Costa Rica (5.9K units)
  3. Guatemala (5.7K units)
  4. United States (3.5K units)
  5. El Salvador (2.9K units)
  6. Panama (2.3K units)
  7. Venezuela (0.7K units)

Source: IndexBox Market Intelligence Platform

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