Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Vietnam - 2022
Contents:
- Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Vietnam (CIF) - 2022
- Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Vietnam (FOB) - 2022
- Imports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Vietnam
- Exports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Vietnam
Price for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Vietnam (CIF) - 2022
In 2022, the average import price for ties, bow ties and cravats (not knitted or crocheted)s amounted to $3.2 per unit, dropping by -29.3% against the previous year. Over the period under review, the import price, however, continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2014 an increase of 86% against the previous year. Over the period under review, average import prices hit record highs at $6.3 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($13 per unit), while the price for Taiwan (Chinese) ($1.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+14.9%), 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 Vietnam (FOB) - 2022
The average export price for ties, bow ties and cravats (not knitted or crocheted)s stood at $3.0 per unit in December 2022, waning by -40.3% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 49% m-o-m. As a result, the export price reached the peak level of $5.1 per unit, and then shrank notably in the following month.
There were significant differences in the average prices for the major overseas markets. In December 2022, the country with the highest price was Germany ($3.6 per unit), while the average price for exports to the United States ($2.2 per unit) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Vietnam
In 2022, the amount of ties, bow ties and cravats (not knitted or crocheted)s imported into Vietnam surged to 1.2M units, jumping by 26% on 2021. In general, imports, however, saw a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. Over the period under review, imports of reached the maximum at 5.7M 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 reduced to $4M in 2022. Overall, imports, however, recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 4.1%. Over the period under review, imports of attained the peak figure at $28M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 26.8 | 3.6 | 3.6 | 2.6 | -54.1% |
| Italy | 0.3 | 0.3 | 0.4 | 0.7 | 32.6% |
| France | 0.3 | 0.2 | 0.4 | 0.5 | 18.6% |
| Taiwan (Chinese) | 0.5 | 0.1 | N/A | 0.1 | -41.5% |
| Others | 0.5 | 0.1 | 0.1 | 0.1 | -41.5% |
| Total | 28.4 | 4.3 | 4.5 | 4.0 | -48.0% |
Top Suppliers of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) to Vietnam in 2022:
- China (1047.5K units)
- Italy (75.4K units)
- Taiwan (Chinese) (46.0K units)
- France (39.8K units)
Exports of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Vietnam
In 2022, overseas shipments of ties, bow ties and cravats (not knitted or crocheted)s were finally on the rise to reach 622K units for the first time since 2019, thus ending a two-year declining trend. Overall, exports saw a relatively flat trend pattern. As a result, the exports attained 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 skyrocketed to $2.1M in 2022. In general, exports, however, faced a sharp reduction. The exports peaked at $6.4M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Ties, Bow Ties and Cravats (Not Knitted or Crocheted) in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2,924 | 1,327 | 457 | 861 | -33.5% |
| United States | 1,770 | 1,277 | 304 | 478 | -35.4% |
| United Kingdom | 179 | 52.9 | 52.1 | 156 | -4.5% |
| Canada | 235 | 76.6 | 34.7 | 145 | -14.9% |
| Japan | 312 | 143 | 38.9 | 35.4 | -51.6% |
| Others | 983 | 604 | 291 | 409 | -25.3% |
| Total | 6,404 | 3,480 | 1,177 | 2,084 | -31.2% |
Top Export Markets for Ties, Bow Ties and Cravats (Not Knitted or Crocheted) from Vietnam in 2022:
- Germany (291.8K units)
- United States (221.0K units)
- United Kingdom (41.6K units)
- Canada (18.8K units)
- Japan (9.0K units)
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