Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Pakistan - 2023
Contents:
- Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Pakistan (FOB) - 2022
- Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Pakistan (CIF) - 2022
- Exports of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Pakistan
- Imports of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Pakistan
Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Pakistan (FOB) - 2022
The average export price for ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s stood at $2.3 per unit in 2022, shrinking by -61.5% against the previous year. Over the period under review, the export price showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 when the average export price increased by 83% against the previous year. The export price peaked at $5.9 per unit in 2021, and then declined significantly in the following year.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were South Africa ($2.3 per unit) and the United States ($2.3 per unit), while the average price for exports to Germany ($2.3 per unit) and Zambia ($2.3 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 the UK (+5.1%), while the prices for the other major destinations experienced a decline.
Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Pakistan (CIF) - 2022
The average import price for ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s stood at $2.6 per unit in 2022, surging by 8.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.1%. The pace of growth was the most pronounced in 2014 when the average import price increased by 31%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($2.6 per unit), while the price for the UK ($2.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.2%), 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 Pakistan
In 2022, approx. 16K units of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s were exported from Pakistan; increasing by 428% on the year before. Overall, exports continue to indicate significant growth. 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 $35K in 2022. Over the period under review, exports recorded a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 144% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | N/A | N/A | N/A | 15.7 | 0% |
| United Arab Emirates | 18.5 | N/A | 8.8 | 10.2 | -18.0% |
| United States | N/A | 0.7 | 5.7 | 2.6 | 92.7% |
| Germany | 5.6 | N/A | N/A | 2.3 | -25.7% |
| Estonia | N/A | N/A | N/A | 2.2 | 0% |
| Tanzania | N/A | N/A | N/A | 1.1 | 0% |
| South Africa | N/A | N/A | N/A | 0.9 | 0% |
| Belgium | N/A | 5.3 | N/A | N/A | 0% |
| Others | 1.7 | 1.2 | 2.9 | 0.5 | -33.5% |
| Total | 25.8 | 7.2 | 17.5 | 35.4 | 11.1% |
Top Export Markets for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) from Pakistan in 2022:
- Zambia (6.9K units)
- United Arab Emirates (4.5K units)
- United States (1.1K units)
- Estonia (1.0K units)
- Germany (1.0K units)
- Tanzania (0.5K units)
- South Africa (0.4K units)
Imports of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Pakistan
Imports of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s into Pakistan contracted to 2.9K units in 2022, reducing by -8% against 2021 figures. In general, imports showed a precipitous decline. The pace of growth appeared the most rapid in 2021 when imports increased by 17% against the previous year. Over the period under review, imports of reached the peak figure at 10K 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 declined modestly to $7.4K in 2022. Overall, imports continue to indicate a sharp reduction. The growth pace was the most rapid in 2021 with an increase of 24%. Imports peaked at $21K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 20.5 | 5.3 | 4.1 | 6.0 | -33.6% |
| Italy | N/A | N/A | 1.0 | 1.0 | 0.0% |
| United Kingdom | 0.1 | 0.6 | 2.3 | 0.5 | 71.0% |
| Others | 0.8 | 0.1 | 0.1 | N/A | -64.6% |
| Total | 21.3 | 6.0 | 7.5 | 7.4 | -29.7% |
Top Suppliers of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) to Pakistan in 2022:
- China (2334.0 units)
- Italy (380.0 units)
- United Kingdom (176.0 units)
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