Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Ghana - 2023

Contents:

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

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

The average import price for ties, bow ties and cravats (not knitted or crocheted)s stood at $231 per thousand units in 2022, declining by -18.5% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 102% against the previous year. The import price peaked at $300 per thousand units in 2015; however, from 2016 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 the UK ($618 per thousand units), while the price for Turkey ($126 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.8%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for ties, bow ties and cravats (not knitted or crocheted)s amounted to $81 per thousand units, waning by -8.6% against the previous year. Overall, the export price saw a abrupt downturn. The pace of growth was the most pronounced in 2019 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices reached the maximum at $3.4 per unit in 2016; however, from 2017 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 Hong Kong SAR ($125 per thousand units), while the average price for exports to the United States ($75 per thousand units) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (-8.7%).

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

Imports of ties, bow ties and cravats (not knitted or crocheted)s into Ghana soared to 328K units in 2022, jumping by 76% against 2021 figures. Over the period under review, imports, however, continue to indicate a precipitous descent. Imports peaked at 1M 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 surged to $76K in 2022. Overall, imports, however, showed a deep setback. Over the period under review, imports of hit record highs at $124K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

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

1. China (253.3K units)
2. Turkey (40.6K units)
3. India (10.2K units)
4. United States (8.6K units)
5. Spain (7.0K units)

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

In 2022, overseas shipments of ties, bow ties and cravats (not knitted or crocheted)s decreased by -60.1% to 615 units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, posted significant growth. Over the period under review, the exports of reached the peak figure at 1.5K units in 2021, and then shrank remarkably in the following year.

In value terms, exports of ties, bow ties and cravats (not knitted or crocheted)s declined significantly to $50 in 2022. Overall, exports continue to indicate a sharp decrease. Over the period under review, the exports of hit record highs at $137 in 2021, and then declined dramatically in the following year.

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

1. United States (507.0 units)
2. Nigeria (60.0 units)
3. Hong Kong SAR (48.0 units)

Source: IndexBox Market Intelligence Platform