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

Contents:

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

Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Ecuador (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 $1.4 per unit, with a decrease of -30.7% against the previous year. In general, the import price showed a mild decrease. The most prominent rate of growth was recorded in 2014 when the average import price increased by 50% against the previous year. Over the period under review, average import prices hit record highs at $2.9 per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Colombia ($5.3 per unit), while the price for the United States ($661 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s amounted to $2.5 per unit, jumping by 77% against the previous year. Over the period under review, the export price posted prominent growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 143%. The export price peaked at $3.9 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($12 per unit), while the average price for exports to Panama ($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 Panama (+28.2%), 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 Ecuador

In 2022, overseas purchases of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s were finally on the rise to reach 200K units after two years of decline. Over the period under review, imports, however, continue to indicate a abrupt descent. Over the period under review, imports of reached the peak figure at 328K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s surged to $288K in 2022. Overall, imports, however, faced a deep contraction. Over the period under review, imports of hit record highs at $546K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

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

1. China (174.3K units)
2. Peru (11.9K units)
3. Colombia (10.7K units)

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

For the third year in a row, Ecuador recorded decline in shipments abroad of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s, which decreased by -78.1% to 49 units in 2022. Overall, exports recorded a sharp shrinkage. The smallest decline of -21.4% was in 2021. The exports peaked at 1.3K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s reduced remarkably to $124 in 2022. Over the period under review, exports showed a dramatic decline. The smallest decline of -7.5% was in 2021. Over the period under review, the exports of hit record highs at $2.3K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

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

1. Costa Rica (45.0 units)
2. Canada (2.0 units)
3. Panama (1.0 units)
4. Germany (1.0 units)

Source: IndexBox Market Intelligence Platform