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

Contents:

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

Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Nepal (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 $2.6 per unit, surging by 8.1% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 30%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

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 India ($2.7 per unit), while the price for Turkey ($792 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.5%), 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 Nepal (FOB) - 2022

The average export price for ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s stood at $6.9 per unit in 2022, reducing by -39.4% against the previous year. Over the period under review, the export price, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2020 an increase of 81% against the previous year. Over the period under review, the average export prices reached the peak figure at $11 per unit in 2021, and then dropped remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($8 per unit), while the average price for exports to China ($250 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 Switzerland (+18.9%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, supplies from abroad of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s was finally on the rise to reach 3.9K units after two years of decline. Overall, imports, however, saw a deep setback. Imports peaked at 5.4K 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 skyrocketed to $10K in 2022. In general, imports, however, saw a perceptible decrease. Imports peaked at $11K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Nepal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India6.60.30.45.8-4.2%
China4.34.13.64.0-2.4%
Turkey0.3N/AN/A0.2-12.6%
Others0.1N/AN/AN/A0%
Total11.34.54.010.1-3.7%

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

  1. India (2155.0 units)
  2. China (1473.0 units)
  3. Turkey (279.0 units)

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

Exports of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s from Nepal skyrocketed to 67 units in 2022, with an increase of 294% on the previous year. In general, exports, however, continue to indicate a deep slump. The exports peaked at 117 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s soared to $463 in 2022. Over the period under review, exports, however, saw a pronounced slump. Over the period under review, the exports of attained the maximum at $506 in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Nepal (USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States500125194446-3.7%
SwitzerlandN/AN/AN/A16.00%
China1.0N/AN/A1.00.0%
Serbia5.0N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total506125194463-2.9%

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

  1. United States (61.0 units)
  2. China (4.0 units)
  3. Switzerland (2.0 units)

Source: IndexBox Market Intelligence Platform

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