Asia: Tie Market 2020

Tie Market Size in Asia

The revenue of the tie market in Asia amounted to $X in 2017, dropping by -X% against the previous year. The tie consumption continues to indicate an abrupt curtailment. The most prominent rate of growth was recorded in 2014, when market value increased by X% y-o-y. The level of tie consumption peaked of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Tie Production in Asia

In 2017, approx. X units of ties, bow ties and cravats (excluding articles of silk or silk waste, knitted or crocheted) were produced in Asia; remaining relatively unchanged against the previous year. The tie production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012, when it surged by X% against the previous year. Over the period under review, the tie production attained its maximum volume in 2017, and is expected to retain its growth in the near future.

Tie Exports in Asia

The exports stood at X units in 2017, surging by X% against the previous year. The total exports indicated a prominent growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the tie exports increased by +X% against 2015 indices. The growth pace was the most rapid in 2008, when exports increased by X% y-o-y. Over the period under review, the tie exports reached its maximum volume of X units in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

In value terms, tie exports stood at $X in 2017. The total exports indicated a strong increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The level of exports peaked of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Tie Exports by Country in Asia

China prevails in tie exports structure, finishing at X units, which was approx. X% of total exports in 2017. The following exporters - Turkey (X units) and China, Hong Kong SAR (X units) together made up X% of total exports.

China was also the fastest growing in terms of the ties, bow ties and cravats (excluding articles of silk or silk waste, knitted or crocheted) exports, with a CAGR of +X% from 2007 to 2017. At the same time, Turkey (+X%) displayed positive paces of growth. By contrast, China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of China decreased by -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest tie supplier in Asia, making up X% of global exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of global exports. It was followed by China, Hong Kong SAR, with a X% share.

In China, tie exports increased at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+X% per year) and China, Hong Kong SAR (+X% per year).

Tie Export Prices by Country in Asia

The tie export price in Asia stood at $X per unit in 2017, lowering by -X% against the previous year. The tie export price continues to indicate a slight setback. The pace of growth was the most pronounced in 2009, when the export prices increased by X% year-to-year. Over the period under review, the export prices for ties, bow ties and cravats (excluding articles of silk or silk waste, knitted or crocheted) reached its peak figure level of $X per unit in 2015; however, from 2016 to 2017, it failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was China ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by China, Hong Kong SAR (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Tie Imports in Asia

In 2017, the amount of ties, bow ties and cravats (excluding articles of silk or silk waste, knitted or crocheted) imported in Asia amounted to X units, falling by -X% against the previous year. The tie imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016, when imports increased by X% against the previous year. In that year, the tie imports attained their peak volume of X units, and then declined slightly in the following year.

In value terms, tie imports totaled $X in 2017. The total import value increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations in certain years. The level of imports peaked of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Tie Imports by Country in Asia

In 2017, Vietnam (X units), distantly followed by Japan (X units) were the main importers of ties, bow ties and cravats (excluding articles of silk or silk waste, knitted or crocheted), together comprising X% of total imports. Thailand (X units), the United Arab Emirates (X units), South Korea (X units), Sri Lanka (X units), Saudi Arabia (X units), Bangladesh (X units), China, Hong Kong SAR (X units), Kazakhstan (X units) and Indonesia (X units) occupied the mild share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Kazakhstan (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Vietnam ($X) and Bangladesh ($X) appeared to be the countries with the highest levels of imports in 2017, together accounting for X% of total imports. Kazakhstan, South Korea, the United Arab Emirates, Indonesia, Saudi Arabia, Sri Lanka, China, Hong Kong SAR and Thailand lagged somewhat behind, together accounting for a further X%.

Among the main importing countries , Kazakhstan (+X% per year) experienced the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Tie Import Prices by Country in Asia

The tie import price in Asia stood at $X per unit in 2017, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011, an increase of X% y-o-y. The level of import price peaked of $X per unit in 2015; however, from 2016 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Bangladesh ($X per unit), while Thailand ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Indonesia (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform