Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Myanmar - 2023
Contents:
- Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Myanmar (CIF) - 2022
- Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Myanmar (FOB) - 2022
- Imports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Myanmar
- Exports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Myanmar
Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Myanmar (CIF) - 2022
In 2022, the average import price for ties, bow ties and cravats (not knitted or crocheted)s amounted to $2.1 per unit, increasing by 78% against the previous year. Overall, the import price, however, continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 997%. The import price peaked at $3.2 per unit in 2013; however, from 2014 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 Thailand ($2.4 per unit), while the price for South Korea ($924 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+38.2%), while the prices for the other major suppliers experienced a decline.
Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Myanmar (FOB) - 2022
In 2022, the average export price for ties, bow ties and cravats (not knitted or crocheted)s amounted to $3.2 per unit, with a decrease of -31.2% against the previous year. Over the period under review, the export price, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 161% against the previous year. Over the period under review, the average export prices attained the maximum at $8 per unit in 2019; however, from 2020 to 2022, the export prices stood 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 Kuwait ($8.5 per unit), while the average price for exports to the United States ($2 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 Sweden (+17.9%), 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 Myanmar
In 2022, the amount of ties, bow ties and cravats (not knitted or crocheted)s imported into Myanmar surged to 71K units, rising by 1,402% on 2021 figures. Overall, imports, however, continue to indicate a dramatic curtailment. Over the period under review, imports of attained the peak figure at 459K units in 2020; however, from 2021 to 2022, imports remained at a lower figure.
In value terms, imports of ties, bow ties and cravats (not knitted or crocheted)s surged to $146K in 2022. In general, imports, however, recorded a significant decline. Imports peaked at $957K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 934 | 719 | 4.7 | 127 | -48.6% |
| Thailand | 21.0 | 15.6 | 0.7 | 7.0 | -30.7% |
| South Korea | 0.1 | N/A | N/A | 1.0 | 115.4% |
| Others | 2.1 | 3.5 | 0.1 | 10.4 | 70.5% |
| Total | 957 | 739 | 5.4 | 146 | -46.6% |
Top Suppliers of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) to Myanmar in 2022:
- China (65.8K units)
- Thailand (3.0K units)
- South Korea (1.1K units)
Exports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Myanmar
In 2022, shipments abroad of ties, bow ties and cravats (not knitted or crocheted)s was finally on the rise to reach 26K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a abrupt descent. The exports peaked at 42K 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 soared to $81K in 2022. In general, exports, however, recorded a dramatic curtailment. The exports peaked at $334K 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 Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.2 | 9.8 | N/A | 51.0 | 185.1% |
| Austria | 0.2 | 0.7 | 0.1 | 6.5 | 219.1% |
| Kuwait | 47.6 | N/A | N/A | 4.7 | -53.8% |
| United States | 44.3 | N/A | N/A | 4.4 | -53.7% |
| Japan | N/A | 5.5 | 2.2 | 3.7 | -18.0% |
| Czech Republic | 2.2 | 0.6 | 0.9 | 3.5 | 16.7% |
| Slovakia | 0.7 | 0.5 | 0.4 | 2.2 | 46.5% |
| Guatemala | N/A | N/A | N/A | 1.8 | 0% |
| Sweden | 17.4 | 0.3 | 0.5 | N/A | -83.0% |
| United Kingdom | 21.1 | 48.8 | 4.3 | N/A | -54.9% |
| Netherlands | 174 | N/A | N/A | N/A | 0% |
| Others | 24.2 | 11.7 | 7.6 | 3.7 | -46.5% |
| Total | 334 | 78.0 | 16.1 | 81.5 | -37.5% |
Top Export Markets for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) from Myanmar in 2022:
- Germany (16.9K units)
- United States (2.2K units)
- Austria (1.7K units)
- Czech Republic (1.3K units)
- Japan (1.3K units)
- Slovakia (0.8K units)
- Kuwait (0.6K units)
- Guatemala (0.6K units)
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