Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Sri Lanka - 2022
Contents:
- Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Sri Lanka (CIF) - 2022
- Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Sri Lanka (FOB) - 2022
- Imports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Sri Lanka
- Exports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Sri Lanka
Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Sri Lanka (CIF) - 2022
The average import price for ties, bow ties and cravats (not knitted or crocheted)s stood at $2.1 per unit in 2022, shrinking by -1.7% against the previous year. Overall, the import price, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2016 when the average import price increased by 74% against the previous year. The import price peaked at $2.1 per unit in 2021, and then shrank slightly in the following year.
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 Hong Kong SAR ($3.9 per unit), while the price for Malaysia ($269 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Sri Lanka (FOB) - 2022
The average export price for ties, bow ties and cravats (not knitted or crocheted)s stood at $3.3 per unit in 2022, shrinking by -30.6% against the previous year. Over the period under review, the export price showed a noticeable contraction. The pace of growth was the most pronounced in 2019 when the average export price increased by 50% against the previous year. The export price peaked at $6.5 per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($17 per unit), while the average price for exports to Libya ($103 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 Australia (+33.3%), 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 Sri Lanka
In 2022, the amount of ties, bow ties and cravats (not knitted or crocheted)s imported into Sri Lanka contracted notably to 196K units, waning by -31.6% against the year before. In general, imports faced a precipitous shrinkage. The smallest decline of -1.7% was in 2021. Over the period under review, imports of attained the peak figure at 497K 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 dropped notably to $408K in 2022. Overall, imports saw a significant decline. The pace of growth was the most pronounced in 2021 when imports increased by 30%. Imports peaked at $855K 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 Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 604 | 294 | 469 | 282 | -22.4% |
| Hong Kong SAR | 142 | 63.2 | 55.7 | 65.0 | -22.9% |
| Sweden | N/A | N/A | 9.1 | 19.2 | 111.0% |
| India | 51.4 | 45.6 | 6.4 | 9.8 | -42.4% |
| United States | 32.1 | 45.8 | 24.4 | 6.0 | -42.8% |
| Malaysia | 1.2 | 0.6 | 0.6 | 0.8 | -12.6% |
| Others | 24.0 | 18.8 | 41.9 | 25.1 | 1.5% |
| Total | 855 | 468 | 607 | 408 | -21.9% |
Top Suppliers of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) to Sri Lanka in 2022:
- China (143.5K units)
- Hong Kong SAR (16.8K units)
- India (16.0K units)
- United States (5.7K units)
- Sweden (5.4K units)
- Malaysia (3.0K units)
Exports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Sri Lanka
For the fourth consecutive year, Sri Lanka recorded growth in shipments abroad of ties, bow ties and cravats (not knitted or crocheted)s, which increased by 142% to 57K units in 2022. Overall, exports posted significant growth. 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 soared to $189K in 2022. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 4.3 | 23.6 | 28.6 | 55.0 | 133.9% |
| Kuwait | 20.5 | 22.4 | 22.4 | 42.8 | 27.8% |
| Bangladesh | 7.2 | 2.1 | 16.9 | 26.3 | 54.0% |
| Cambodia | 1.0 | 9.5 | 9.3 | 17.4 | 159.1% |
| United Arab Emirates | 1.5 | 0.3 | 3.2 | 9.9 | 87.6% |
| United Kingdom | 12.3 | 15.2 | 8.6 | 9.3 | -8.9% |
| Sweden | 4.2 | 2.9 | 3.4 | 6.5 | 15.7% |
| Lebanon | N/A | N/A | 0.5 | 6.1 | 1120.0% |
| Maldives | 0.7 | 0.8 | 1.7 | 4.5 | 85.9% |
| Papua New Guinea | 1.1 | 1.0 | 1.4 | 1.4 | 8.4% |
| Libya | N/A | N/A | N/A | 0.4 | 0% |
| India | 12.7 | 6.3 | 1.3 | 0.4 | -68.4% |
| Others | 21.8 | 8.7 | 15.4 | 9.4 | -24.5% |
| Total | 87.3 | 92.9 | 113 | 189 | 29.4% |
Top Export Markets for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) from Sri Lanka in 2022:
- Singapore (21.8K units)
- Lebanon (12.3K units)
- Kuwait (5.1K units)
- Libya (4.3K units)
- United Arab Emirates (3.9K units)
- Maldives (1.8K units)
- Cambodia (1.7K units)
- Bangladesh (1.5K units)
- Sweden (1.2K units)
- United Kingdom (1.1K units)
- Papua New Guinea (0.7K units)
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In value terms, ties, bow ties and cravats imports totaled $X in 2016. In general, ties, bow ties and cravats imports continue to indicate a drastic decline. Global ties, bow ties and cravats impor...
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In value terms, ties, bow ties and cravats exports amounted to $X in 2016. Overall, ties, bow ties and cravats exports continue to indicate a drastic decline. Global ties, bow ties and cravats expo...
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