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

Contents:

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

Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Ethiopia (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 $3.3 per unit, which is down by -7.9% against the previous year. Overall, the import price, however, posted a prominent increase. The pace of growth was the most pronounced in 2014 an increase of 123%. Over the period under review, average import prices attained the maximum at $3.6 per unit in 2021, and then fell in the following year.

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 the United States ($4 per unit), while the price for Turkey ($1.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+42.2%), 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 Ethiopia (FOB) - 2022

The average export price for ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s stood at $2.5 per unit in 2022, dropping by -17.4% against the previous year. Overall, the export price, however, continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2021 an increase of 126%. As a result, the export price attained the peak level of $3.1 per unit, and then contracted sharply in the following year.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were China ($3.5 per unit) and Germany ($3 per unit), while the average price for exports to India ($2.5 per unit) and Poland ($2.5 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+22.8%), 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 Ethiopia

In 2022, the amount of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s imported into Ethiopia fell to 26K units, with a decrease of -13.8% compared with 2021. Over the period under review, imports recorded a dramatic downturn. Over the period under review, imports of hit record highs at 96K 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 fell sharply to $85K in 2022. In general, imports faced a sharp descent. The smallest decline of -0.5% was in 2020. Imports peaked at $206K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

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

1. China (10.5K units)
2. United States (9.1K units)
3. Hong Kong SAR (4.7K units)
4. Turkey (0.8K units)
5. United Arab Emirates (0.5K units)

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

In 2022, shipments abroad of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s increased by 30% to 56 units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a sharp decrease. The exports peaked at 256 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 expanded rapidly to $142 in 2022. Overall, exports, however, recorded a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 9.1%. Over the period under review, the exports of hit record highs at $320 in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

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

1. India (45.0 units)
2. Canada (6.0 units)
3. Poland (2.0 units)
4. China (2.0 units)
5. Germany (1.0 units)

Source: IndexBox Market Intelligence Platform