Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Luxembourg - 2024

Contents:

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

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

In 2022, the average import price for ties, bow ties and cravats (not knitted or crocheted)s amounted to $14 per unit, which is down by -5.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2021 when the average import price increased by 40% against the previous year. As a result, import price attained the peak level of $15 per unit, and then fell in the following year.

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 Italy ($31 per unit), while the price for the Netherlands ($5.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+10.7%), 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 Luxembourg (FOB) - 2022

In 2022, the average export price for ties, bow ties and cravats (not knitted or crocheted)s amounted to $25 per unit, increasing by 117% against the previous year. Overall, the export price posted a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($40 per unit), while the average price for exports to Belgium ($8.6 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 Qatar (+65.5%), 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 Luxembourg

In 2022, the amount of ties, bow ties and cravats (not knitted or crocheted)s imported into Luxembourg contracted to 26K units, declining by -4% against 2021 figures. Overall, imports continue to indicate a precipitous curtailment. Over the period under review, imports of attained the peak figure at 73K 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 shrank to $364K in 2022. Over the period under review, imports continue to indicate a significant curtailment. The smallest decline of -7.5% was in 2021. Over the period under review, imports of reached the peak figure at $727K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Luxembourg (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belgium43.919421615552.3%
Germany11281.443.159.0-19.2%
France23152.931.553.4-38.6%
Italy12843.867.130.8-37.8%
Netherlands8.428.020.428.049.4%
Spain25.316.37.419.0-9.1%
China64.40.55.54.3-59.4%
Others11417.19.913.8-50.5%
Total727434401364-20.6%

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

  1. Belgium (6.8K units)
  2. France (5.3K units)
  3. Netherlands (4.8K units)
  4. Germany (4.1K units)
  5. Spain (2.4K units)
  6. Italy (1.0K units)
  7. China (0.4K units)

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

In 2022, approx. 871 units of ties, bow ties and cravats (not knitted or crocheted)s were exported from Luxembourg; with a decrease of -88.2% compared with 2021 figures. In general, exports saw a dramatic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 6.3% against the previous year. Over the period under review, the exports of reached the peak figure at 11K 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 shrank notably to $22K in 2022. Over the period under review, exports saw a dramatic curtailment. The smallest decline of -10.1% was in 2021. The exports peaked at $133K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Luxembourg (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France1.50.96.47.369.5%
Switzerland86.219.69.05.7-59.6%
Belgium20.339.259.51.6-57.1%
United States0.20.70.51.176.5%
Germany1.85.00.81.1-15.1%
Netherlands2.03.40.21.0-20.6%
Italy0.26.40.90.858.7%
IndiaN/A0.20.50.8100.0%
Qatar0.10.60.70.791.3%
United Kingdom8.715.00.90.4-64.2%
Hong Kong SAR6.30.63.1N/A-29.9%
Others5.91.91.51.0-44.7%
Total13393.584.021.5-45.5%

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

  1. Switzerland (255.0 units)
  2. France (193.0 units)
  3. Belgium (182.0 units)
  4. Netherlands (55.0 units)
  5. United States (52.0 units)
  6. Germany (30.0 units)
  7. India (26.0 units)
  8. Qatar (21.0 units)
  9. Italy (20.0 units)
  10. United Kingdom (13.0 units)
  11. Hong Kong SAR (1.0 units)

Source: IndexBox Market Intelligence Platform

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