Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Saudi Arabia - 2022
Contents:
- Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Saudi Arabia (FOB) - 2022
- Exports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Saudi Arabia
Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Saudi Arabia (FOB) - 2022
The average export price for ties, bow ties and cravats (not knitted or crocheted)s stood at $5.9 per unit in 2021, shrinking by -43.6% against the previous year. Over the period under review, the export price faced a deep slump. The pace of growth was the most pronounced in 2019 when the average export price increased by 21%. As a result, the export price reached the peak level of $12 per unit. From 2020 to 2021, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($34 per unit), while the average price for exports to Bahrain ($641 per thousand units) was amongst the lowest.
From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+201.1%).
Exports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Saudi Arabia
In 2022, after three years of growth, there was significant decline in overseas shipments of ties, bow ties and cravats (not knitted or crocheted)s, when their volume decreased by -82.1% to 1.1K units. Overall, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 238%. As a result, the exports reached the peak of 6K units, and then shrank markedly in the following year.
In value terms, exports of ties, bow ties and cravats (not knitted or crocheted)s contracted notably to $6.6K in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 138% against the previous year. The exports peaked at $35K in 2021, and then fell significantly in the following year.
| Export of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Saudi Arabia (Thousand USD) | |||
|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 |
| Netherlands | N/A | 18.4 | 0% |
| United Arab Emirates | 18.5 | 8.0 | -56.8% |
| Bahrain | N/A | 6.0 | 0% |
| Bangladesh | N/A | 2.9 | 0% |
| Others | N/A | N/A | 0% |
| Total | 18.5 | 35.3 | 90.8% |
Top Export Markets for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) from Saudi Arabia in 2022:
- Bahrain (9.4K units)
- Bangladesh (3.6K units)
- United Arab Emirates (1.5K units)
- Netherlands (0.5K units)
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