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

Contents:

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

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

In 2022, the average import price for ties, bow ties and cravats (not knitted or crocheted)s amounted to $2.1 per unit, increasing by 28% against the previous year. Overall, the import price showed a buoyant expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by 103% against the previous year. As a result, import price reached the peak level of $2.6 per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($14 per unit), while the price for Panama ($1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+19.3%), 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 the Dominican Republic (FOB) - 2022

The average export price for ties, bow ties and cravats (not knitted or crocheted)s stood at $1.6 per unit in 2022, growing by 52% against the previous year. Over the period under review, the export price enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 90% against the previous year. Over the period under review, the average export prices attained the maximum at $2.6 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for El Salvador amounted to +23.7% per year.

Imports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in the Dominican Republic

In 2022, overseas purchases of ties, bow ties and cravats (not knitted or crocheted)s were finally on the rise to reach 176K units after two years of decline. Overall, imports, however, continue to indicate a dramatic curtailment. Imports peaked at 471K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of ties, bow ties and cravats (not knitted or crocheted)s surged to $361K in 2022. In general, imports, however, continue to indicate a abrupt shrinkage. Imports peaked at $439K 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 the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China25769.266.1147-17.0%
Italy12591.072.6111-3.9%
United States5.84.35.360.1118.0%
Spain11.74.82.622.324.0%
Panama2.2N/A1.910.367.3%
Venezuela2.7N/AN/AN/A0%
Others35.012.54.810.8-32.4%
Total439182153361-6.3%

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

  1. China (116.7K units)
  2. United States (20.0K units)
  3. Spain (19.8K units)
  4. Panama (9.9K units)
  5. Italy (8.1K units)

Exports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in the Dominican Republic

In 2022, after two years of decline, there was significant growth in overseas shipments of ties, bow ties and cravats (not knitted or crocheted)s, when their volume increased by 67% to 54K units. Over the period under review, exports, however, recorded a abrupt downturn. Over the period under review, the exports of attained the maximum at 68K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of ties, bow ties and cravats (not knitted or crocheted)s soared to $89K in 2022. In general, exports, however, saw a sharp shrinkage. Over the period under review, the exports of hit record highs at $174K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States16648.334.286.7-19.5%
Haiti7.86.7N/AN/A-14.1%
Others0.40.70.81.865.1%
Total17455.835.088.5-20.2%

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

  1. United States (53.3K units)

Source: IndexBox Market Intelligence Platform

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