Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Singapore - 2023
Contents:
- Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Singapore (CIF) - 2022
- Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Singapore (FOB) - 2022
- Imports of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Singapore
- Exports of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Singapore
Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Singapore (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, with an increase of 8.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The growth pace was the most rapid in 2020 when the average import price increased by 9.8%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Sri Lanka ($2.6 per unit) and France ($2.6 per unit), while the price for Italy ($2.6 per unit) and the UK ($2.6 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+9.9%), 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 Singapore (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 -2.3% against the previous year. Over the period under review, the export price saw a pronounced curtailment. The most prominent rate of growth was recorded in 2013 an increase of 41%. The export price peaked at $5.7 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Angola ($2.3 per unit) and Thailand ($2.3 per unit), while the average price for exports to the UK ($2.2 per unit) and Indonesia ($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 Brunei Darussalam (+4.3%), 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 Singapore
In 2022, imports of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s into Singapore surged to 329K units, rising by 113% on the year before. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 150%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s surged to $844K in 2022. In general, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 159%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 2.4 | 0.9 | 178 | 495 | 490.8% |
| Sri Lanka | N/A | 56.0 | 80.9 | 149 | 63.1% |
| United Kingdom | 4.9 | 0.6 | 12.5 | 114 | 185.5% |
| China | 49.4 | 56.0 | 55.9 | 43.1 | -4.4% |
| Italy | 43.3 | 12.5 | 15.5 | 26.9 | -14.7% |
| Others | 29.9 | 15.8 | 24.2 | 16.1 | -18.6% |
| Total | 130 | 142 | 367 | 844 | 86.6% |
Top Suppliers of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) to Singapore in 2022:
- France (192.8K units)
- Sri Lanka (58.1K units)
- United Kingdom (44.5K units)
- China (16.8K units)
- Italy (10.5K units)
Exports of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Singapore
In 2022, approx. 8.4K units of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s were exported from Singapore; surging by 106% on the previous year's figure. Overall, exports showed a significant increase. As a result, the exports reached 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 skyrocketed to $19K in 2022. In general, exports, however, saw a relatively flat trend pattern. The exports peaked at $20K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 8.1 | 1.1 | 4.6 | 12.3 | 14.9% |
| Philippines | 0.1 | N/A | N/A | 3.8 | 236.2% |
| Indonesia | N/A | 1.4 | 0.1 | 1.7 | 10.2% |
| Angola | N/A | N/A | N/A | 0.5 | 0% |
| Thailand | N/A | 1.0 | 1.2 | 0.4 | -36.8% |
| Japan | N/A | N/A | 2.9 | N/A | 0% |
| Cambodia | 5.6 | 1.4 | N/A | N/A | -75.0% |
| Italy | 3.6 | 0.1 | 0.2 | N/A | -76.4% |
| Others | 2.2 | 4.1 | 0.5 | 0.5 | -39.0% |
| Total | 19.6 | 9.1 | 9.5 | 19.1 | -0.9% |
Top Export Markets for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) from Singapore in 2022:
- Malaysia (5.4K units)
- Philippines (1.7K units)
- Indonesia (0.8K units)
- Angola (0.2K units)
- Thailand (0.2K units)
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