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

Contents:

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

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

The average import price for ties, bow ties and cravats (not knitted or crocheted)s stood at $1.9 per unit in 2022, with an increase of 45% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 130%. Over the period under review, average import prices hit record highs at $3.6 per unit in 2018; however, from 2019 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 India ($3 per unit), while the price for Turkey ($600 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+63.3%), 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 Uganda (FOB) - 2022

In 2022, the average export price for ties, bow ties and cravats (not knitted or crocheted)s amounted to $1.7 per unit, shrinking by -51.1% against the previous year. In general, the export price saw a deep downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by 85% against the previous year. The export price peaked at $11 per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($2 per unit), while the average price for exports to Canada ($1.6 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 El Salvador (+43.1%), while the prices for the other major destinations experienced a decline.

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

For the fourth year in a row, Uganda recorded growth in overseas purchases of ties, bow ties and cravats (not knitted or crocheted)s, which increased by 72% to 52K units in 2022. In general, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of ties, bow ties and cravats (not knitted or crocheted)s skyrocketed to $97K in 2022. Over the period under review, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Uganda (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1.97.822.389.1260.6%
Turkey4.510.411.26.010.1%
India5.81.53.81.1-42.5%
South Africa7.71.80.91.0-49.4%
Others17.38.30.80.2-77.4%
Total37.229.839.197.337.8%

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

  1. China (40.3K units)
  2. Turkey (10.0K units)
  3. South Africa (1.0K units)
  4. India (0.3K units)

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

Exports of ties, bow ties and cravats (not knitted or crocheted)s from Uganda stood at 69 units in 2022, approximately reflecting the previous year. Over the period under review, exports, however, recorded a significant decrease. The exports peaked at 321 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 fell significantly to $116 in 2022. Overall, exports, however, showed a significant decrease. The smallest decline of -2.5% was in 2020. Over the period under review, the exports of hit record highs at $1.1K 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 Uganda (USD)
COUNTRY2019202020212022CAGR,
2019-2022
RwandaN/AN/AN/A90.00%
CanadaN/AN/AN/A22.00%
Sri LankaN/AN/AN/A4.00%
BurundiN/A1,082180N/A-83.4%
El Salvador769N/A5.0N/A-91.9%
Others3465.049.0N/A-62.4%
Total1,1151,087234116-53.0%

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

  1. Rwanda (53.0 units)
  2. Canada (14.0 units)
  3. Sri Lanka (2.0 units)

Source: IndexBox Market Intelligence Platform

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