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

Contents:

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

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

In 2022, the average import price for ties, bow ties and cravats (not knitted or crocheted)s amounted to $8.9 per unit, reducing by -16.4% against the previous year. Over the period under review, the import price, however, continues to indicate a strong expansion. The pace of growth was the most pronounced in 2014 when the average import price increased by 71%. The import price peaked at $11 per unit in 2021, and then fell notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($9.5 per unit), while the price for India stood at $6.1 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.2%).

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

In 2022, the average export price for ties, bow ties and cravats (not knitted or crocheted)s amounted to $8.1 per unit, rising by 3.3% against the previous year. Over the period under review, the export price, however, saw a abrupt slump. The pace of growth was the most pronounced in 2014 an increase of 12% against the previous year. The export price peaked at $14 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 the United States ($181 per unit), while the average price for exports to the Netherlands ($4 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 Thailand (+30.2%), 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 Nepal

In 2022, the amount of ties, bow ties and cravats (not knitted or crocheted)s imported into Nepal reduced to 23K units, declining by -11.9% compared with the year before. In general, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 201% against the previous year. Over the period under review, imports of attained the peak figure at 34K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of ties, bow ties and cravats (not knitted or crocheted)s declined notably to $205K in 2022. Overall, imports saw a abrupt downturn. The growth pace was the most rapid in 2021 when imports increased by 275% against the previous year. As a result, imports attained the peak of $279K, and then declined sharply in the following year.

Import of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Nepal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China21256.9230177-5.8%
India29.014.045.726.0-3.6%
Others9.03.52.82.8-32.2%
Total25074.3279205-6.4%

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

  1. China (18.5K units)
  2. India (4.2K units)

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

In 2022, exports of ties, bow ties and cravats (not knitted or crocheted)s from Nepal fell sharply to 691 units, shrinking by -37.9% compared with the year before. Overall, exports recorded a significant contraction. Over the period under review, the exports of attained the maximum at 3K 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 dropped sharply to $5.6K in 2022. Over the period under review, exports recorded a sharp slump. The smallest decline of -35.9% was in 2021. The exports peaked at $21K 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 Nepal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands7.45.33.92.6-29.4%
United Kingdom2.41.50.90.6-37.0%
United States2.11.20.70.4-42.5%
Others9.25.63.22.0-39.9%
Total21.113.68.75.6-35.7%

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

  1. Netherlands (656.0 units)
  2. United Kingdom (5.0 units)
  3. United States (2.0 units)

Source: IndexBox Market Intelligence Platform

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