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

Contents:

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

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

In 2022, the average import price for ties, bow ties and cravats (not knitted or crocheted)s amounted to $1.2 per unit, with an increase of 9.7% against the previous year. Overall, the import price, however, recorded a slight descent. The growth pace was the most rapid in 2014 when the average import price increased by 91% against the previous year. As a result, import price reached the peak level of $1.6 per unit. From 2015 to 2022, the average import prices failed to regain momentum.

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 Italy ($10 per unit), while the price for Lesotho ($298 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.1%), while the prices for the other major suppliers experienced a decline.

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

The average export price for ties, bow ties and cravats (not knitted or crocheted)s stood at $996 per thousand units in 2022, increasing by 2.5% against the previous year. In general, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for ties, bow ties and cravats (not knitted or crocheted)s decreased by -20.1% against 2017 indices. The most prominent rate of growth was recorded in 2015 an increase of 32% against the previous year. The export price peaked at $1.2 per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Zimbabwe ($2.5 per unit), while the average price for exports to Tanzania ($504 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 Lesotho (+5.6%), 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 South Africa

In 2022, overseas purchases of ties, bow ties and cravats (not knitted or crocheted)s were finally on the rise to reach 693K units after two years of decline. In general, imports, however, saw a precipitous curtailment. Over the period under review, imports of hit record highs at 2M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of ties, bow ties and cravats (not knitted or crocheted)s skyrocketed to $810K in 2022. Overall, imports, however, continue to indicate a abrupt decline. Imports peaked at $1.5M 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 South Africa (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1,147621291514-23.5%
Italy18783.759.5111-16.0%
Lesotho42.477.286.695.931.3%
Turkey17.86.48.619.02.2%
Others69.829.558.669.1-0.3%
Total1,464818504810-17.9%

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

  1. Lesotho (321.8K units)
  2. China (307.3K units)
  3. Turkey (22.7K units)
  4. Italy (10.6K units)

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

In 2022, overseas shipments of ties, bow ties and cravats (not knitted or crocheted)s were finally on the rise to reach 361K units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a abrupt decrease. The exports peaked at 529K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of ties, bow ties and cravats (not knitted or crocheted)s surged to $360K in 2022. Overall, exports, however, showed a abrupt slump. The exports peaked at $635K 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 South Africa (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Namibia16391.390.3112-11.8%
Botswana15180.564.893.7-14.7%
Swaziland56.534.625.252.6-2.4%
Lesotho49.122.717.424.1-21.1%
Zambia58.328.523.419.8-30.2%
Mauritius14.25.42.84.8-30.3%
Kenya23.06.62.33.7-45.6%
Tanzania16.63.42.93.4-41.1%
Others10328.136.845.8-23.7%
Total635301266360-17.2%

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

  1. Botswana (86.8K units)
  2. Swaziland (78.3K units)
  3. Namibia (76.7K units)
  4. Lesotho (38.4K units)
  5. Zambia (27.2K units)
  6. Mauritius (6.9K units)
  7. Tanzania (6.8K units)
  8. Kenya (5.6K units)

Source: IndexBox Market Intelligence Platform

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