Middle East: Tie Market 2020

Tie Market Size in Middle East

The revenue of the tie market in Middle East amounted to $X in 2017, coming down by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The tie consumption continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2010, with an increase of X% against the previous year. The level of tie consumption peaked of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Tie Exports in Middle East

In 2017, exports of ties, bow ties and cravats (excluding articles of silk or silk waste, knitted or crocheted) in Middle East totaled X units, reducing by -X% against the previous year. The tie exports continue to indicate a deep decrease. The most prominent rate of growth was recorded in 2015, when exports increased by X% year-to-year. Over the period under review, the tie exports attained its peak figure volume of X units in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, tie exports amounted to $X in 2017. The total export value increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The level of exports peaked of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Tie Exports by Country in Middle East

Turkey represented the key exporting country with an export of about X units, which finished at X% of total exports. It was distantly followed by the United Arab Emirates (X units) and Syrian Arab Republic (X units), together constituting X% share of total exports.

Exports from Turkey increased at an average annual rate of +X% from 2007 to 2017. At the same time, Syrian Arab Republic (+X%) and the United Arab Emirates (+X%) displayed positive paces of growth. Moreover, Syrian Arab Republic emerged as the fastest growing exporter in Middle East, with a CAGR of +X% from 2007-2017. Syrian Arab Republic (-X%), the United Arab Emirates (-X%) and Turkey (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest tie supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of global exports. It was followed by Syrian Arab Republic, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Turkey amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+X% per year) and Syrian Arab Republic (+X% per year).

Tie Export Prices by Country in Middle East

The tie export price in Middle East stood at $X per unit in 2017, rising by X% against the previous year. The tie export price continues to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2010, when it surged by X% against the previous year. The level of export price peaked of $X per unit in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

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

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Turkey (+X% per year), while the other leaders experienced a decline in the export price figures.

Tie Imports in Middle East

In 2017, approx. X units of ties, bow ties and cravats (excluding articles of silk or silk waste, knitted or crocheted) were imported in Middle East; stabilizing at the previous year. The tie imports continue to indicate an abrupt downturn. The most prominent rate of growth was recorded in 2010, with an increase of X% against the previous year. The volume of imports peaked of X units in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, tie imports totaled $X in 2017. The tie imports continue to indicate a drastic reduction. Over the period under review, the tie imports attained its peak figure level of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Tie Imports by Country in Middle East

In 2017, the United Arab Emirates (X units), distantly followed by Saudi Arabia (X units), Jordan (X units), Lebanon (X units), Turkey (X units), Kuwait (X units) and Iran (X units) represented the main importers of ties, bow ties and cravats (excluding articles of silk or silk waste, knitted or crocheted), together generating X% 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 Saudi Arabia (+X% per year), while the other leaders experienced mixed trends in the imports figures.

In value terms, the largest tie markets worldwide were the United Arab Emirates ($X), Saudi Arabia ($X) and Turkey ($X), together comprising X% of total imports.

Saudi Arabia (+X% per year) recorded the highest growth rate of imports, among the main importing countries over the last decade, while the other leaders experienced mixed trends in the imports figures.

Tie Import Prices by Country in Middle East

The tie import price in Middle East stood at $X per unit in 2017, waning by -X% against the previous year. The tie import price continues to indicate a slight downturn. The growth pace was the most rapid in 2009, when it surged by X% against the previous year. In that year, the import prices for ties, bow ties and cravats (excluding articles of silk or silk waste, knitted or crocheted) reached their peak level of $X per unit. From 2010 to 2017, growth of the import prices for ties, bow ties and cravats (excluding articles of silk or silk waste, knitted or crocheted) stood at a somewhat lower level.

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

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

Source: IndexBox Platform