Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in China - 2024
Contents:
- Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in China (FOB) - 2024
- Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in China (CIF) - 2022
- Exports of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in China
- Imports of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in China
Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in China (FOB) - 2024
In April 2024, the average export price for ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s amounted to $1.2 per unit, falling by -20.5% against the previous month. Over the period under review, the export price, however, saw a slight expansion. The most prominent rate of growth was recorded in September 2023 when the average export price increased by 578% m-o-m. Over the period under review, the average export prices hit record highs at $1.5 per unit in March 2024, and then contracted notably in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($2.1 per unit), while the average price for exports to Brazil ($507 per thousand units) was amongst the lowest.
From May 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to France (+23.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in China (CIF) - 2022
In 2022, the average import price for ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s amounted to $11 per unit, surging by 3.7% against the previous year. Overall, the import price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 135% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($102 per unit), while the price for Turkey ($864 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in China
Exports of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s from China surged to 111M units in 2022, growing by 74% on the previous year's figure. Overall, exports enjoyed a buoyant expansion. 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; of man-made fibres (not knitted or crocheted)s soared to $145M in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The exports peaked at $148M 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 China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 46.8 | 19.1 | 28.9 | 46.7 | -0.1% |
| South Korea | 19.0 | 12.4 | 10.1 | 14.9 | -7.8% |
| United Kingdom | 9.0 | 4.0 | 6.7 | 11.4 | 8.2% |
| Japan | 10.6 | 6.0 | 5.5 | 8.2 | -8.2% |
| Germany | 4.4 | 2.0 | 2.0 | 4.2 | -1.5% |
| Australia | 2.0 | 1.3 | 1.6 | 3.2 | 17.0% |
| Italy | 3.9 | 1.4 | 1.2 | 2.7 | -11.5% |
| France | 2.2 | 1.6 | 1.8 | 2.7 | 7.1% |
| Vietnam | 3.7 | 1.9 | 1.0 | 2.7 | -10.0% |
| Mexico | 3.9 | 0.9 | 1.1 | 2.6 | -12.6% |
| Brazil | 3.6 | 1.3 | 1.0 | 2.4 | -12.6% |
| Bangladesh | 2.7 | 1.2 | 1.0 | 1.7 | -14.3% |
| Others | 36.0 | 18.0 | 21.5 | 41.6 | 4.9% |
| Total | 148 | 71.1 | 83.6 | 145 | -0.7% |
Top Export Markets for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) from China in 2022:
- United States (34.1M units)
- United Kingdom (8.1M units)
- South Korea (6.5M units)
- Japan (5.1M units)
- France (4.9M units)
- Brazil (4.0M units)
- Germany (3.1M units)
- Bangladesh (2.9M units)
- Australia (2.3M units)
- Vietnam (2.3M units)
- Italy (2.2M units)
- Mexico (2.1M units)
Imports of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in China
For the third year in a row, China recorded decline in supplies from abroad of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s, which decreased by -19% to 30K units in 2022. Overall, imports continue to indicate a deep downturn. The smallest decline of -9% was in 2020. Imports peaked at 51K 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; of man-made fibres (not knitted or crocheted)s dropped dramatically to $346K in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 38%. As a result, imports reached the peak of $458K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 157 | 328 | 256 | 275 | 20.5% |
| Bangladesh | 21.4 | 0.6 | 8.0 | 13.0 | -15.3% |
| Japan | 42.1 | 34.7 | 23.3 | 12.1 | -34.0% |
| United States | 7.6 | 12.2 | 4.1 | 7.1 | -2.2% |
| Turkey | 6.2 | 2.1 | 5.2 | 3.6 | -16.6% |
| South Korea | 47.6 | 30.3 | 83.9 | 1.1 | -71.5% |
| Taiwan (Chinese) | 28.9 | 1.0 | 1.5 | 0.4 | -76.0% |
| Hong Kong SAR | 5.1 | 5.9 | 0.5 | 0.2 | -66.0% |
| Others | 17.4 | 43.6 | 28.7 | 32.9 | 23.7% |
| Total | 333 | 458 | 411 | 346 | 1.3% |
Top Suppliers of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) to China in 2022:
- Bangladesh (10.9K units)
- Turkey (4.2K units)
- Italy (2.7K units)
- Japan (1.9K units)
- United States (1.3K units)
- South Korea (0.2K units)
- Hong Kong SAR (0.1K units)
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