Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Sudan - 2022
Contents:
- Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Sudan (CIF) - 2022
- Imports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Sudan
Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Sudan (CIF) - 2022
The average import price for ties, bow ties and cravats (not knitted or crocheted)s stood at $1.1 per unit in 2022, with an increase of 23% against the previous year. Over the period under review, the import price, however, showed a mild shrinkage. The pace of growth appeared the most rapid in 2021 when the average import price increased by 25% against the previous year. The import price peaked at $1.3 per unit in 2012; however, from 2013 to 2022, 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 China ($1.4 per unit), while the price for Turkey ($782 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 (+13.4%), while the prices for the other major suppliers experienced a decline.
Imports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Sudan
After three years of growth, purchases abroad of ties, bow ties and cravats (not knitted or crocheted)s decreased by -65.9% to 28K units in 2022. In general, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 398% against the previous year. As a result, imports reached the peak of 82K units, and then declined markedly in the following year.
In value terms, imports of ties, bow ties and cravats (not knitted or crocheted)s shrank notably to $31K in 2022. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 523% against the previous year. As a result, imports attained the peak of $73K, and then shrank dramatically in the following year.
| Import of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Sudan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.7 | 2.6 | 52.6 | 11.7 | 27.1% |
| Turkey | 1.0 | 4.7 | 8.8 | 10.2 | 116.9% |
| Lebanon | 0.4 | 3.1 | 5.2 | 5.5 | 139.6% |
| United Arab Emirates | 0.2 | 1.4 | 1.9 | 0.1 | -20.6% |
| Others | N/A | N/A | 4.8 | 3.2 | -33.3% |
| Total | 7.3 | 11.8 | 73.3 | 30.8 | 61.6% |
Top Suppliers of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) to Sudan in 2022:
- Turkey (13.1K units)
- China (8.5K units)
- Lebanon (6.2K units)
- United Arab Emirates (0.1K units)
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