Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Hong Kong SAR - 2024
Contents:
- Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Hong Kong SAR (CIF) - 2022
- Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Hong Kong SAR (FOB) - 2022
- Imports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Hong Kong SAR
- Exports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Hong Kong SAR
Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Hong Kong SAR (CIF) - 2022
The average import price for ties, bow ties and cravats (not knitted or crocheted)s stood at $15 per unit in 2022, shrinking by -20.3% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.5% 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 -28.7% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 58%. Over the period under review, average import prices reached the maximum at $21 per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($57 per unit), while the price for China ($1.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+10.3%), 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 Hong Kong SAR (FOB) - 2022
In 2022, the average export price for ties, bow ties and cravats (not knitted or crocheted)s amounted to $9.7 per unit, rising by 1.8% against the previous year. Overall, the export price, however, saw a slight slump. The growth pace was the most rapid in 2021 when the average export price increased by 36%. The export price peaked at $12 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($73 per unit), while the average price for exports to the United States ($1.1 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 (+6.7%), 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 Hong Kong SAR
In 2022, supplies from abroad of ties, bow ties and cravats (not knitted or crocheted)s was finally on the rise to reach 365K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, faced a abrupt curtailment. Imports peaked at 687K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of ties, bow ties and cravats (not knitted or crocheted)s expanded rapidly to $5.4M in 2022. In general, imports, however, faced a abrupt slump. Imports peaked at $9.5M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 3,194 | 2,083 | 2,341 | 3,017 | -1.9% |
| Italy | 1,563 | 1,229 | 838 | 708 | -23.2% |
| Switzerland | 1,352 | 1,019 | 666 | 530 | -26.8% |
| China | 942 | 445 | 307 | 342 | -28.7% |
| Germany | 579 | 298 | 263 | 204 | -29.4% |
| United Kingdom | 249 | 77.7 | 71.8 | 101 | -26.0% |
| Malaysia | 104 | 40.3 | 15.4 | 56.1 | -18.6% |
| United States | 419 | 186 | 24.4 | 16.6 | -65.9% |
| Others | 1,133 | 569 | 555 | 447 | -26.7% |
| Total | 9,535 | 5,946 | 5,081 | 5,422 | -17.2% |
Top Suppliers of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) to Hong Kong SAR in 2022:
- China (190.1K units)
- France (53.3K units)
- Italy (47.1K units)
- Switzerland (18.0K units)
- Germany (11.1K units)
- Malaysia (9.8K units)
- United Kingdom (9.1K units)
- United States (1.6K units)
Exports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in overseas shipments of ties, bow ties and cravats (not knitted or crocheted)s, which decreased by -1% to 472K units in 2022. Overall, exports continue to indicate a precipitous descent. Over the period under review, the exports of reached the peak figure at 1M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of ties, bow ties and cravats (not knitted or crocheted)s totaled $4.6M in 2022. In general, exports recorded a abrupt contraction. The growth pace was the most rapid in 2021 when exports increased by 2.2% against the previous year. Over the period under review, the exports of reached the peak figure at $6.8M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 378 | 86.5 | 1,660 | 1,752 | 66.7% |
| China | 901 | 1,258 | 467 | 657 | -10.0% |
| Taiwan (Chinese) | 427 | 347 | 466 | 456 | 2.2% |
| Macao SAR | 580 | 377 | 530 | 395 | -12.0% |
| France | 38.4 | 104 | 73.3 | 206 | 75.1% |
| United States | 685 | 428 | 255 | 110 | -45.6% |
| Bangladesh | 259 | 154 | 52.1 | 100 | -27.2% |
| Malaysia | 117 | 84.8 | 51.1 | 89.2 | -8.6% |
| Singapore | 256 | 101 | 87.6 | 83.7 | -31.1% |
| Australia | 149 | 98.3 | 86.6 | 69.1 | -22.6% |
| United Kingdom | 118 | 53.3 | 58.9 | 65.7 | -17.7% |
| Germany | 15.6 | 17.4 | 20.0 | 45.3 | 42.7% |
| United Arab Emirates | 53.1 | 71.1 | 27.6 | 33.8 | -14.0% |
| Others | 2,828 | 1,250 | 695 | 504 | -43.7% |
| Total | 6,807 | 4,431 | 4,530 | 4,567 | -12.5% |
Top Export Markets for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) from Hong Kong SAR in 2022:
- United States (99.3K units)
- France (50.3K units)
- United Kingdom (48.2K units)
- China (36.2K units)
- Macao SAR (30.1K units)
- Taiwan (Chinese) (28.3K units)
- Bangladesh (27.8K units)
- South Korea (23.9K units)
- Malaysia (15.2K units)
- United Arab Emirates (13.4K units)
- Singapore (12.4K units)
- Australia (10.8K units)
- Germany (8.3K units)
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In value terms, ties, bow ties and cravats imports totaled $X in 2016. In general, ties, bow ties and cravats imports continue to indicate a drastic decline. Global ties, bow ties and cravats impor...
2961
In value terms, ties, bow ties and cravats exports amounted to $X in 2016. Overall, ties, bow ties and cravats exports continue to indicate a drastic decline. Global ties, bow ties and cravats expo...
1419
In value terms, ties, bow ties and cravats imports totaled $X in 2016. In general, ties, bow ties and cravats imports continue to indicate a drastic decline. Global ties, bow ties and cravats impor...
2961
In value terms, ties, bow ties and cravats exports amounted to $X in 2016. Overall, ties, bow ties and cravats exports continue to indicate a drastic decline. Global ties, bow ties and cravats expo...
