Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Guatemala - 2024
Contents:
- Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Guatemala (CIF) - 2022
- Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Guatemala (FOB) - 2022
- Imports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Guatemala
- Exports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Guatemala
Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Guatemala (CIF) - 2022
In 2022, the average import price for ties, bow ties and cravats (not knitted or crocheted)s amounted to $1.5 per unit, waning by -19.3% against the previous year. In general, the import price recorded a noticeable downturn. The pace of growth appeared the most rapid in 2020 when the average import price increased by 63%. The import price peaked at $2.3 per unit in 2014; however, from 2015 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 ($9.7 per unit), while the price for Malta ($76 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 (+9.2%), 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 Guatemala (FOB) - 2022
The average export price for ties, bow ties and cravats (not knitted or crocheted)s stood at $2.4 per unit in 2022, increasing by 24% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The export price peaked at $2.6 per unit in 2016; however, from 2017 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 Nicaragua ($3.7 per unit), while the average price for exports to El Salvador ($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 the United States (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Guatemala
In 2022, overseas purchases of ties, bow ties and cravats (not knitted or crocheted)s increased by 44% to 551K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a drastic downturn. Over the period under review, imports of hit record highs at 707K 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 $804K in 2022. Overall, imports, however, continue to indicate a noticeable curtailment. Over the period under review, imports of hit record highs at $860K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 305 | 143 | 141 | 323 | 1.9% |
| United States | 205 | 502 | 230 | 268 | 9.3% |
| Italy | 88.4 | 44.2 | 49.7 | 94.4 | 2.2% |
| Honduras | 2.5 | 5.5 | 3.2 | 34.3 | 139.4% |
| Mexico | 77.3 | 40.2 | 12.3 | 14.0 | -43.4% |
| Panama | 41.8 | 8.0 | 212 | 5.9 | -47.9% |
| Malta | N/A | N/A | N/A | 1.3 | 0% |
| El Salvador | 36.0 | 16.4 | 12.8 | 0.6 | -74.5% |
| Others | 104 | 42.8 | 30.2 | 62.9 | -15.4% |
| Total | 860 | 802 | 692 | 804 | -2.2% |
Top Suppliers of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) to Guatemala in 2022:
- China (397.9K units)
- United States (77.4K units)
- Honduras (18.8K units)
- Malta (16.6K units)
- Italy (9.8K units)
- Mexico (5.1K units)
- Panama (1.8K units)
- El Salvador (0.5K units)
Exports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Guatemala
In 2022, approx. 26K units of ties, bow ties and cravats (not knitted or crocheted)s were exported from Guatemala; with an increase of 40% compared with the previous year. In general, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +6.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +89.3% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of ties, bow ties and cravats (not knitted or crocheted)s soared to $62K in 2022. Overall, exports saw a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 28.3 | 23.0 | 25.6 | 22.0 | -8.1% |
| Nicaragua | N/A | 1.0 | 0.5 | 17.2 | 314.7% |
| El Salvador | 2.2 | 0.6 | 0.8 | 8.9 | 59.3% |
| Honduras | 3.0 | 0.1 | 4.0 | 5.2 | 20.1% |
| Costa Rica | 9.5 | 0.1 | 2.9 | 4.8 | -20.4% |
| Belize | 0.5 | 2.7 | 2.0 | 3.0 | 81.7% |
| Panama | N/A | N/A | 0.3 | 0.6 | 100.0% |
| Others | 0.9 | 0.7 | 0.1 | 0.7 | -8.0% |
| Total | 44.4 | 28.2 | 36.0 | 62.3 | 12.0% |
Top Export Markets for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) from Guatemala in 2022:
- United States (7.3K units)
- El Salvador (6.9K units)
- Nicaragua (4.6K units)
- Honduras (3.0K units)
- Costa Rica (1.5K units)
- Belize (1.4K units)
- Panama (0.5K units)
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