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

Contents:

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

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

The average export price for ties, bow ties and cravats (not knitted or crocheted)s stood at $755 per thousand units in 2022, falling by -5.4% against the previous year. Overall, the export price showed a noticeable decrease. The pace of growth appeared the most rapid in 2014 when the average export price increased by 173% against the previous year. As a result, the export price reached the peak level of $1.9 per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($1.5 per unit), while the average price for exports to India ($554 per thousand units) 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 Arab Emirates (+3.7%), while the prices for the other major destinations experienced a decline.

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

In 2022, the average import price for ties, bow ties and cravats (not knitted or crocheted)s amounted to $1.8 per unit, with an increase of 497% against the previous year. In general, the import price posted prominent growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($2.2 per unit), while the price for China ($302 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, approx. 26M units of ties, bow ties and cravats (not knitted or crocheted)s were exported from Malaysia; growing by 11,360% on 2021. Overall, exports posted a significant expansion. As a result, the exports reached 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 $20M in 2022. In general, exports saw a significant increase. 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 Malaysia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
IndiaN/AN/AN/A11.20%
United Arab EmiratesN/AN/AN/A8.10%
SingaporeN/A0.10.10.373.2%
Others0.10.2N/A0.10.0%
Total0.10.30.219.7481.9%

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

  1. India (20.2M units)
  2. United Arab Emirates (5.3M units)
  3. Singapore (0.3M units)

Imports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Malaysia

Imports of ties, bow ties and cravats (not knitted or crocheted)s into Malaysia surged to 9.8M units in 2022, rising by 372% on the previous year's figure. Overall, imports saw a significant 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 skyrocketed to $17M in 2022. Over the period under review, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Malaysia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
IndiaN/AN/AN/A16.60%
China0.70.60.40.6-5.0%
Italy0.20.1N/A0.1-20.6%
BangladeshN/AN/AN/AN/A0%
Others0.50.20.10.1-41.5%
Total1.50.90.617.4126.4%

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

  1. India (7.6M units)
  2. China (2.1M units)

Source: IndexBox Market Intelligence Platform

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