Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Pakistan - 2023

Contents:

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

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

In 2022, the average export price for ties, bow ties and cravats (not knitted or crocheted)s amounted to $14 per unit, falling by -56% against the previous year. In general, the export price, however, recorded strong growth. The pace of growth was the most pronounced in 2013 an increase of 115% against the previous year. The export price peaked at $32 per unit in 2021, and then reduced rapidly in the following year.

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 UK ($26 per unit), while the average price for exports to Estonia ($2.3 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 the UK (+30.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for ties, bow ties and cravats (not knitted or crocheted)s stood at $6 per unit in 2022, declining by -20.6% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 an increase of 48%. The import price peaked at $7.5 per unit in 2021, and then plummeted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($11 per unit), while the price for the UK ($3.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+19.0%), 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 Pakistan

Exports of ties, bow ties and cravats (not knitted or crocheted)s from Pakistan surged to 46K units in 2022, rising by 172% against the previous year. Over the period under review, exports posted a significant increase. As a result, the exports attained 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 surged to $648K in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 76% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

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

1. Netherlands (24.3K units)
2. Zambia (6.9K units)
3. United Arab Emirates (6.0K units)
4. United States (3.2K units)
5. Germany (3.1K units)
6. Estonia (1.0K units)
7. France (0.1K units)

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

In 2022, imports of ties, bow ties and cravats (not knitted or crocheted)s into Pakistan was estimated at 36K units, surging by 4.3% on the previous year. Overall, imports, however, showed a dramatic downturn. The growth pace was the most rapid in 2021 with an increase of 80% against the previous year. Over the period under review, imports of reached the peak figure at 75K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of ties, bow ties and cravats (not knitted or crocheted)s reduced markedly to $213K in 2022. In general, imports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 127% against the previous year. Over the period under review, imports of attained the peak figure at $304K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

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

1. China (31.7K units)
2. Italy (1.4K units)
3. Hong Kong SAR (1.1K units)
4. Turkey (0.9K units)

Source: IndexBox Market Intelligence Platform