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Report China - Ties, Bow Ties and Cravats of Silk or Silk Waste (Excluding Knitted or Crocheted) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

China - Ties, Bow Ties and Cravats of Silk or Silk Waste (Excluding Knitted or Crocheted) - Market Analysis, Forecast, Size, Trends and Insights

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China: Silk Tie Market 2024

Silk Tie Market Size in China

After ten years of growth, the Chinese silk tie market decreased by -38.7% to $X in 2022. Overall, consumption, however, showed a resilient expansion. As a result, consumption attained the peak level of $X, and then declined significantly in the following year.

Silk Tie Exports

Exports from China

Silk tie exports from China surged to X units in 2022, increasing by 78% against the previous year's figure. In general, exports, however, saw a deep contraction. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, silk tie exports skyrocketed to $X in 2022. Overall, exports, however, saw a deep downturn. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), Japan (X units) and Germany (X units) were the main destinations of silk tie exports from China, together comprising 55% of total exports. The UK, the Netherlands, Canada, Italy, France, Australia, Norway, Spain, Poland and Sweden lagged somewhat behind, together comprising a further 34%.

From 2020 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of +222.2%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for silk tie exported from China were the United States ($X), Japan ($X) and Germany ($X), together accounting for 56% of total exports. The UK, the Netherlands, Australia, Italy, Canada, Norway, France, Spain, Sweden and Poland lagged somewhat behind, together accounting for a further 34%.

In terms of the main countries of destination, Norway, with a CAGR of +455.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average silk tie export price amounted to $X per unit, dropping by -11.3% against the previous year. Over the period under review, the export price, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 216%. As a result, the export price attained the peak level of $X per unit, and then fell in the following year.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($X per unit) and Spain ($X per unit), while the average price for exports to Poland ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+80.4%), while the prices for the other major destinations experienced more modest paces of growth.

Silk Tie Imports

Imports into China

In 2022, overseas purchases of ties, bow ties and cravats of silk or silk waste (excluding knitted or crocheted) decreased by -23.2% to X units for the first time since 2011, thus ending a ten-year rising trend. In general, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 16%. As a result, imports reached the peak of X units, and then fell sharply in the following year.

In value terms, silk tie imports dropped remarkably to $X in 2022. Overall, imports continue to indicate a pronounced descent. The pace of growth appeared the most rapid in 2021 when imports increased by 50%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of silk tie to China, with a 69% share of total imports. Moreover, silk tie imports from Italy exceeded the figures recorded by the second-largest supplier, France (X units), threefold.

From 2020 to 2022, the average annual rate of growth in terms of volume from Italy amounted to +1.5%.

In value terms, Italy ($X) constituted the largest supplier of ties, bow ties and cravats of silk or silk waste (excluding knitted or crocheted) to China, comprising 68% of total imports. The second position in the ranking was held by France ($X), with a 29% share of total imports.

From 2020 to 2022, the average annual growth rate of value from Italy stood at +14.4%.

Import Prices by Country

The average silk tie import price stood at $X per unit in 2022, increasing by 2.7% against the previous year. Over the period from 2020 to 2022, it increased at an average annual rate of +15.1%. The most prominent rate of growth was recorded in 2021 an increase of 29% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while the price for Italy amounted to $X per unit.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+12.8%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were China, Italy and India, together comprising 37% of global consumption. These countries were followed by the United States, Japan, Russia, Brazil, Indonesia, Nigeria, Bangladesh, Pakistan, Germany and Mexico, which together accounted for a further 26%.
China remains the largest silk tie producing country worldwide, comprising approx. 22% of total volume. Moreover, silk tie production in China exceeded the figures recorded by the second-largest producer, Italy, twofold. India ranked third in terms of total production with an 8% share.
In value terms, the largest silk tie suppliers to China were Italy, France and Hong Kong SAR, with a combined 94% share of total imports. These countries were followed by Switzerland, the United States and Saint Lucia, which together accounted for a further 3.8%.
In value terms, the United States remains the key foreign market for silk tie exports from China, comprising 39% of total exports. The second position in the ranking was occupied by Japan, with an 18% share of total exports. It was followed by Germany, with a 5.7% share.
In 2021, the average silk tie export price amounted to $64 per unit, surging by 3% against the previous year.
The average silk tie import price stood at $696 per unit in 2021, falling by -9.9% against the previous year.

This report provides an in-depth analysis of the silk tie market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 14192358 - Ties, bow ties and cravats, of silk or silk waste (excluding knitted or crocheted)

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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