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

Contents:

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

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

The average import price for ties, bow ties and cravats (not knitted or crocheted)s stood at $256 per thousand units in 2022, rising by 4.3% against the previous year. In general, the import price, however, continues to indicate a deep reduction. Over the period under review, average import prices reached the maximum at $1.5 per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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 India ($870 per thousand units), while the price for China ($172 per thousand units) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-1.1%), while the prices for the other major suppliers experienced a decline.

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

The average export price for ties, bow ties and cravats (not knitted or crocheted)s stood at $1.5 per unit in 2022, falling by -16.7% against the previous year. Over the period under review, the export price, however, recorded a perceptible expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 141%. Over the period under review, the average export prices hit record highs at $2.4 per unit in 2016; however, from 2017 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 Zambia ($3.3 per unit), while the average price for exports to Burundi ($336 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 Sudan (+49.1%), 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 Kenya

In 2022, overseas purchases of ties, bow ties and cravats (not knitted or crocheted)s increased by 34% to 505K units for the first time since 2019, thus ending a two-year declining trend. In general, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of ties, bow ties and cravats (not knitted or crocheted)s skyrocketed to $129K in 2022. Over the period under review, imports, however, recorded a drastic downturn. Over the period under review, imports of attained the peak figure at $183K 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 Kenya in 2022:

1. China (386.4K units)
2. Turkey (73.7K units)
3. Hong Kong SAR (33.0K units)
4. South Africa (5.4K units)

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

Exports of ties, bow ties and cravats (not knitted or crocheted)s from Kenya dropped rapidly to 5.8K units in 2022, falling by -32.8% against 2021. Overall, exports saw a abrupt slump. The growth pace was the most rapid in 2021 when exports increased by 372%. As a result, the exports reached the peak of 8.6K units, and then fell dramatically in the following year.

In value terms, exports of ties, bow ties and cravats (not knitted or crocheted)s shrank significantly to $8.8K in 2022. In general, exports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 888%. As a result, the exports reached the peak of $16K, and then dropped dramatically in the following year.

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

1. Rwanda (2662.0 units)
2. Tanzania (1910.0 units)
3. Malawi (539.0 units)
4. South Sudan (256.0 units)
5. United States (128.0 units)
6. Burundi (128.0 units)
7. Zambia (128.0 units)

Source: IndexBox Market Intelligence Platform