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

Contents:

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

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

In 2022, the average import price for ties, bow ties and cravats (not knitted or crocheted)s amounted to $84 per thousand units, jumping by 59% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% 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 2019 an increase of 75% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

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 India ($98 per thousand units), while the price for Turkey ($65 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 (+5.3%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for ties, bow ties and cravats (not knitted or crocheted)s amounted to $2.4 per unit, picking up by 223% against the previous year. In general, the export price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2020 when the average export price increased by 562%. Over the period under review, the average export prices attained the peak figure at $17 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Rwanda ($18 per unit), while the average price for exports to South Africa ($462 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 Egypt (-7.1%), while the prices for the other major destinations experienced a decline.

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

In 2022, imports of ties, bow ties and cravats (not knitted or crocheted)s into Tanzania reduced dramatically to 1.3M units, with a decrease of -28.6% against 2021. Over the period under review, imports, however, saw a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by 119% against the previous year. As a result, imports reached the peak of 1.8M units, and then dropped sharply in the following year.

In value terms, imports of ties, bow ties and cravats (not knitted or crocheted)s stood at $107K in 2022. Overall, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 97% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

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

1. China (1156.9K units)
2. India (52.4K units)
3. Turkey (47.6K units)

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

Exports of ties, bow ties and cravats (not knitted or crocheted)s from Tanzania soared to 64 units in 2022, increasing by 433% against the previous year. In general, exports saw strong growth. The exports peaked at 120 units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of ties, bow ties and cravats (not knitted or crocheted)s surged to $155 in 2022. Overall, exports enjoyed a significant expansion. The exports peaked at $338 in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

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

1. Egypt (45.0 units)
2. South Africa (13.0 units)
3. Rwanda (6.0 units)

Source: IndexBox Market Intelligence Platform