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

Contents:

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

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

The average import price for ties, bow ties and cravats (not knitted or crocheted)s stood at $1.8 per unit in 2022, rising by 31% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2013 when the average import price increased by 51%. As a result, import price attained the peak level of $2.2 per unit. From 2014 to 2022, the average 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 ($13 per unit), while the price for the United States ($954 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 (+12.1%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for ties, bow ties and cravats (not knitted or crocheted)s stood at $6.4 per unit in 2022, with an increase of 25% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 39%. The export price peaked at $7 per unit in 2012; however, from 2013 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 the Dominican Republic ($9 per unit), while the average price for exports to Nicaragua ($1.3 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 Germany (+1.8%), while the prices for the other major destinations experienced a decline.

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

In 2022, overseas purchases of ties, bow ties and cravats (not knitted or crocheted)s increased by 41% to 127K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a precipitous slump. Over the period under review, imports of hit record highs at 261K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of ties, bow ties and cravats (not knitted or crocheted)s skyrocketed to $226K in 2022. In general, imports, however, saw a deep slump. Over the period under review, imports of reached the peak figure at $396K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

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

1. China (90.0K units)
2. United States (17.2K units)
3. Colombia (5.1K units)
4. Panama (4.6K units)
5. Guatemala (2.7K units)

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

For the third consecutive year, Costa Rica recorded decline in shipments abroad of ties, bow ties and cravats (not knitted or crocheted)s, which decreased by -50.7% to 1.1K units in 2022. Over the period under review, exports continue to indicate a dramatic decline. The smallest decline of -40.9% was in 2021. Over the period under review, the exports of attained the peak figure at 7.7K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of ties, bow ties and cravats (not knitted or crocheted)s fell sharply to $7.4K in 2022. In general, exports faced a precipitous decrease. Over the period under review, the exports of attained the maximum at $31K 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 Costa Rica in 2022:

1. Dominican Republic (664.0 units)
2. Panama (443.0 units)
3. Nicaragua (38.0 units)

Source: IndexBox Market Intelligence Platform