Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in the Philippines - 2024
Contents:
- Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in the Philippines (CIF) - 2022
- Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in the Philippines (FOB) - 2022
- Imports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in the Philippines
- Exports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in the Philippines
Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in the Philippines (CIF) - 2022
The average import price for ties, bow ties and cravats (not knitted or crocheted)s stood at $4.6 per unit in 2022, with a decrease of -20.3% against the previous year. Overall, the import price, however, continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2018 an increase of 91% against the previous year. The import price peaked at $5.8 per unit in 2021, and then shrank dramatically 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 ($7.9 per unit), while the price for China ($3.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.3%), 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 Philippines (FOB) - 2022
The average export price for ties, bow ties and cravats (not knitted or crocheted)s stood at $3.9 per unit in 2022, falling by -34.5% against the previous year. Over the period under review, the export price, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 169%. Over the period under review, the average export prices reached the peak figure at $5.9 per unit in 2021, and then reduced markedly in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($8.6 per unit), while the average price for exports to Taiwan (Chinese) ($2.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+29.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in the Philippines
In 2022, supplies from abroad of ties, bow ties and cravats (not knitted or crocheted)s increased by 337% to 66K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a sharp decline. Imports peaked at 219K 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 $304K in 2022. In general, imports, however, saw a deep contraction. Over the period under review, imports of attained the maximum at $516K 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 Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 432 | 128 | 27.5 | 182 | -25.0% |
| Italy | 41.4 | 10.0 | 32.8 | 92.2 | 30.6% |
| France | 0.4 | 1.2 | 1.8 | 9.6 | 188.4% |
| Others | 41.8 | 31.6 | 25.2 | 20.6 | -21.0% |
| Total | 516 | 171 | 87.3 | 304 | -16.2% |
Top Suppliers of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) to the Philippines in 2022:
- China (50.3K units)
- Italy (12.1K units)
- France (1.2K units)
Exports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in the Philippines
In 2022, the amount of ties, bow ties and cravats (not knitted or crocheted)s exported from the Philippines soared to 71K units, picking up by 252% against the previous year. Overall, exports saw significant growth. As a result, the exports reached 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 $274K in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1.3 | 0.3 | 83.2 | 146 | 382.5% |
| United States | 72.0 | 99.3 | 32.8 | 118 | 17.9% |
| Taiwan (Chinese) | N/A | N/A | 0.7 | 4.8 | 585.7% |
| Others | 1.7 | 2.9 | 1.8 | 5.0 | 43.3% |
| Total | 75.0 | 102 | 119 | 274 | 54.0% |
Top Export Markets for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) from the Philippines in 2022:
- United States (51.7K units)
- Japan (16.9K units)
- Taiwan (Chinese) (2.1K 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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