Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Canada - 2024

Contents:

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

Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Canada (CIF) - 2022

The average import price for ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s stood at $2.6 per unit in 2022, growing by 8.1% against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s increased by +79.4% against 2015 indices. The growth pace was the most rapid in 2017 an increase of 42% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($2.6 per unit) and Bangladesh ($2.6 per unit), while the price for China ($2.6 per unit) and Italy ($2.6 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Canada (FOB) - 2022

The average export price for ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s stood at $2.3 per unit in 2022, waning by -2.4% against the previous year. Over the period under review, the export price showed a perceptible decrease. The pace of growth appeared the most rapid in 2015 when the average export price increased by 54%. Over the period under review, the average export prices attained the maximum at $5.7 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2.3 per unit), while the average price for exports to Japan ($2.2 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 Ecuador (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Canada

In 2022, after two years of decline, there was significant growth in purchases abroad of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s, when their volume increased by 200% to 1M units. Over the period under review, imports, however, recorded a abrupt decline. Over the period under review, imports of attained the peak figure at 1.5M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s surged to $2.7M in 2022. In general, imports, however, continue to indicate a abrupt contraction. Imports peaked at $3.2M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Canada (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2,8781,4266682,439-5.4%
United States75.523.640.410511.6%
Italy92.758.436.566.7-10.4%
Bangladesh90.514032.122.6-37.0%
Others73.970.150.752.9-10.5%
Total3,2101,7198282,687-5.8%

Top Suppliers of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) to Canada in 2022:

  1. China (950.4K units)
  2. United States (41.1K units)
  3. Italy (26.0K units)
  4. Bangladesh (8.8K units)

Exports of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Canada

In 2022, approx. 23K units of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s were exported from Canada; with a decrease of -31.8% against 2021. Overall, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 314% against the previous year. As a result, the exports attained the peak of 34K units, and then shrank notably in the following year.

In value terms, exports of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s contracted rapidly to $53K in 2022. In general, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 140% against the previous year. The exports peaked at $94K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Canada (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States65.732.458.851.7-7.7%
SwitzerlandN/AN/AN/A1.00%
Japan0.1N/A20.7N/A1338.7%
Bolivia21.7N/AN/AN/A0%
Others6.10.90.50.6-53.8%
Total93.533.380.053.3-17.1%

Top Export Markets for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) from Canada in 2022:

  1. United States (22.8K units)
  2. Switzerland (0.4K units)

Source: IndexBox Market Intelligence Platform

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