Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Malaysia - 2024
Contents:
- Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Malaysia (CIF) - 2022
- Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Malaysia (FOB) - 2022
- Imports of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Malaysia
- Exports of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Malaysia
Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Malaysia (CIF) - 2022
The average import price for ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s stood at $502 per thousand units in 2022, rising by 216% against the previous year. Overall, the import price, however, recorded a pronounced setback. The import price peaked at $796 per thousand units in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +10.9% per year.
Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Malaysia (FOB) - 2022
The average export price for ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s stood at $1.6 per unit in 2022, with an increase of 235% against the previous year. In general, the export price continues to indicate a strong increase. The growth pace was the most rapid in 2018 when the average export price increased by 687% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($3.3 per unit), while the average price for exports to the United States ($33 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+70.4%), 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 Malaysia
In 2022, supplies from abroad of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s decreased by -72.9% to 757K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports showed a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 95%. As a result, imports attained the peak of 2.8M units, and then reduced notably in the following year.
In value terms, imports of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s declined to $380K in 2022. Overall, imports recorded a noticeable decrease. The pace of growth appeared the most rapid in 2020 with an increase of 21% against the previous year. As a result, imports attained the peak of $497K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 365 | 430 | 371 | 376 | 1.0% |
| South Korea | N/A | 38.1 | 57.3 | N/A | 50.4% |
| Others | 46.1 | 29.2 | 16.3 | 3.8 | -56.5% |
| Total | 411 | 497 | 445 | 380 | -2.6% |
Top Suppliers of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) to Malaysia in 2022:
- China (754.6K units)
Exports of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Malaysia
In 2022, exports of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s from Malaysia fell markedly to 226K units, dropping by -34.6% on 2021. In general, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 97%. As a result, the exports reached the peak of 345K units, and then contracted remarkably in the following year.
In value terms, exports of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s surged to $355K in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 174% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Export of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 13.0 | 78.1 | 130 | 248 | 167.2% |
| Hong Kong SAR | N/A | 48.1 | 4.0 | 102 | 45.6% |
| India | 2.4 | N/A | N/A | 2.6 | 2.7% |
| United States | 11.7 | 5.8 | 12.7 | 1.2 | -53.2% |
| Others | 22.8 | 4.7 | 15.6 | 1.6 | -58.8% |
| Total | 49.9 | 137 | 162 | 355 | 92.3% |
Top Export Markets for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) from Malaysia in 2022:
- Singapore (150.5K units)
- United States (36.1K units)
- Hong Kong SAR (30.9K units)
- India (3.6K units)
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In value terms, ties, bow ties and cravats imports totaled $X in 2016. In general, ties, bow ties and cravats imports continue to indicate a drastic decline. Global ties, bow ties and cravats impor...
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