Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in the United States - 2024
Contents:
- Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in the United States (CIF) - 2024
- Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in the United States (FOB) - 2024
- Imports of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in the United States
- Exports of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in the United States
Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in the United States (CIF) - 2024
In March 2024, the average import price for ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s amounted to $1.6 per unit, declining by -5.4% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2023 when the average import price increased by 57% m-o-m. Over the period under review, average import prices attained the peak figure at $1.7 per unit in February 2024, and then declined in the following month.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was China ($1.6 per unit), while the price for Vietnam totaled $566 per thousand units.
From June 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Vietnam (-0.2%).
Price for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in the United States (FOB) - 2024
In March 2024, the average export price for ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s amounted to $745 per thousand units, declining by -45.1% against the previous month. In general, the export price faced a abrupt slump. The pace of growth appeared the most rapid in October 2023 when the average export price increased by 178% month-to-month. The export price peaked at $2.4 per unit in July 2023; however, from August 2023 to March 2024, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In March 2024, the country with the highest price was Canada ($2.1 per unit), while the average price for exports to Aruba ($697 per thousand units) was amongst the lowest.
From June 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to China (+12.1%), 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 the United States
In 2022, approx. 29M units of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s were imported into the United States; surging by 56% on the previous year. Overall, total imports indicated a moderate expansion from 2019 to 2022: its volume increased at an average annual rate of +2.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s soared to $43M in 2022. In general, imports, however, showed a deep downturn. Over the period under review, imports of reached the maximum at $54M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 50.6 | 18.0 | 24.9 | 40.1 | -7.5% |
| Vietnam | 1.4 | 0.9 | 0.3 | 0.7 | -20.6% |
| Bangladesh | 0.4 | 0.2 | 0.2 | 0.4 | 0.0% |
| Indonesia | 0.4 | 0.2 | 0.2 | 0.4 | 0.0% |
| Others | 1.4 | 0.9 | 0.9 | 1.4 | 0.0% |
| Total | 54.2 | 20.2 | 26.6 | 43.1 | -7.4% |
Top Suppliers of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) to the United States in 2022:
- China (26.1M units)
- Vietnam (1.0M units)
- Bangladesh (0.8M units)
- Indonesia (0.4M units)
Exports of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in the United States
In 2022, approx. 316K units of ties, bow ties and cravats; of man-made fibres (not knitted or crocheted)s were exported from the United States; waning by -20.4% on 2021 figures. Over the period under review, exports saw a mild descent. The most prominent rate of growth was recorded in 2021 with an increase of 58%. As a result, the exports reached the peak of 397K units, and then shrank notably 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 $870K in 2022. Overall, exports, however, saw notable growth. The most prominent rate of growth was recorded in 2021 with an increase of 46%. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the near future.
| Export of Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 589 | 311 | 395 | 804 | 10.9% |
| Bahamas | 10.6 | 3.4 | 5.3 | 24.4 | 32.0% |
| Dominican Republic | N/A | N/A | N/A | 11.1 | 0% |
| Greece | N/A | N/A | N/A | 8.8 | 0% |
| Japan | 3.1 | N/A | N/A | 8.6 | 40.5% |
| Spain | N/A | N/A | 6.3 | 4.9 | -22.2% |
| South Korea | 20.0 | 31.0 | N/A | N/A | 55.0% |
| India | 12.3 | 6.5 | 2.6 | N/A | -54.0% |
| Mexico | 78.2 | 40.9 | 187 | N/A | 54.6% |
| Italy | N/A | 7.9 | 7.4 | N/A | -6.3% |
| Others | 42.1 | 17.2 | 6.3 | 7.9 | -42.7% |
| Total | 755 | 418 | 610 | 870 | 4.8% |
Top Export Markets for Ties, Bow Ties and Cravats; of Man-Made Fibres (Not Knitted or Crocheted) from the United States in 2022:
- Canada (251.3K units)
- Dominican Republic (15.9K units)
- Greece (12.6K units)
- Japan (12.3K units)
- Bahamas (10.2K units)
- Spain (7.0K units)
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