Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Kuwait - 2022
Contents:
- Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Kuwait (CIF) - 2022
- Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Kuwait (FOB) - 2022
- Imports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Kuwait
- Exports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Kuwait
Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Kuwait (CIF) - 2022
In December 2022, the average import price for ties, bow ties and cravats (not knitted or crocheted)s amounted to $9.5 per unit, falling by -81.1% against the previous month. Overall, the import price, however, posted a resilient expansion. The pace of growth was the most pronounced in November 2022 an increase of 402% m-o-m. As a result, import price reached the peak level of $50.0 per unit, and then shrank rapidly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($5.3 per unit), while the price for Lebanon ($2.5 per unit) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Romania (+14.5%), 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 Kuwait (FOB) - 2022
The average export price for ties, bow ties and cravats (not knitted or crocheted)s stood at $10 per unit in 2022, rising by 57% against the previous year. In general, the export price saw a prominent expansion. The most prominent rate of growth was recorded in 2013 an increase of 105% against the previous year. As a result, the export price attained the peak level of $11 per unit. From 2014 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($22 per unit), while the average price for exports to Saudi Arabia ($1.7 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 Bahrain (+21.8%), 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 Kuwait
In 2022, approx. 181K units of ties, bow ties and cravats (not knitted or crocheted)s were imported into Kuwait; picking up by 79% on the year before. Overall, imports saw a remarkable increase. As a result, imports reached 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 soared to $586K in 2022. Over the period under review, imports, however, showed a abrupt decrease. Over the period under review, imports of reached the maximum at $747K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 200 | 73.7 | 106 | 129 | -13.6% |
| Bangladesh | 19.2 | 23.4 | 45.1 | 99.9 | 73.3% |
| Turkey | 74.7 | 6.3 | 18.8 | 99.2 | 9.9% |
| India | 45.2 | 23.8 | 6.0 | 35.9 | -7.4% |
| China | 227 | 43.5 | 48.6 | 34.9 | -46.4% |
| Sri Lanka | 7.0 | 7.7 | 13.3 | 19.9 | 41.7% |
| United Arab Emirates | 6.5 | 15.7 | 17.5 | 16.8 | 37.2% |
| Others | 168 | 108 | 86.4 | 150 | -3.7% |
| Total | 747 | 302 | 342 | 586 | -7.8% |
Top Suppliers of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) to Kuwait in 2022:
- Turkey (83.2K units)
- Bangladesh (23.6K units)
- India (17.5K units)
- Italy (14.5K units)
- China (11.6K units)
- United Arab Emirates (7.8K units)
- Sri Lanka (3.2K units)
Exports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Kuwait
For the third consecutive year, Kuwait recorded decline in overseas shipments of ties, bow ties and cravats (not knitted or crocheted)s, which decreased by -48% to 352 units in 2022. Overall, exports showed a sharp shrinkage. The smallest decline of -8.8% was in 2021. The exports peaked at 19K 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 declined significantly to $3.6K in 2022. Over the period under review, exports faced a precipitous curtailment. The smallest decline of -15.5% was in 2021. Over the period under review, the exports of hit record highs at $153K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 4.3 | 3.6 | 0.9 | 2.3 | -18.8% |
| United Arab Emirates | 103 | 0.8 | 3.4 | 0.9 | -79.4% |
| Italy | 3.3 | N/A | N/A | 0.2 | -60.7% |
| United Kingdom | 19.7 | 0.4 | 0.1 | 0.1 | -82.8% |
| Qatar | 4.1 | 0.1 | N/A | N/A | -97.6% |
| Saudi Arabia | 1.0 | N/A | N/A | N/A | 0% |
| Bahrain | 3.2 | N/A | N/A | N/A | 0% |
| Others | 14.2 | 0.3 | N/A | N/A | -97.9% |
| Total | 153 | 5.2 | 4.4 | 3.6 | -71.3% |
Top Export Markets for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) from Kuwait in 2022:
- Spain (205.0 units)
- United Arab Emirates (103.0 units)
- Qatar (11.0 units)
- Italy (9.0 units)
- United Kingdom (7.0 units)
- Saudi Arabia (3.0 units)
- Bahrain (1.0 units)
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