South-Eastern Asia: Tie Market 2020

Tie Market Size in South-Eastern Asia

The revenue of the tie market in South-Eastern Asia amounted to $X in 2017, remaining relatively unchanged against the previous year. The tie consumption continues to indicate a prominent increase. The growth pace was the most rapid in 2016, when it surged by X% y-o-y. In that year, the tie market attained their peak level of $X, leveling off in the following year.

Tie Production in South-Eastern 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 South-Eastern Asia; standing approx. at the previous year. The tie production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009, when the output figure increased by X% year-to-year. The volume of tie production peaked of X units in 2010; however, from 2011 to 2017, it stood at a somewhat lower level.

Tie Exports in South-Eastern Asia

The exports totaled X units in 2017, waning by -X% against the previous year. The tie exports continue to indicate a significant growth. The most prominent rate of growth was recorded in 2013, with an increase of X% year-to-year. The volume of exports peaked of X units in 2015; however, from 2016 to 2017, it failed to regain its momentum.

In value terms, tie exports totaled $X in 2017. The tie exports continue to indicate a prominent growth. The level of exports peaked of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Tie Exports by Country in South-Eastern Asia

Vietnam represented the key exporter of ties, bow ties and cravats (excluding articles of silk or silk waste, knitted or crocheted) in South-Eastern Asia, with the volume of exports amounting to X units, which was near X% of total exports in 2017. It was distantly followed by Thailand (X units), creating X% share of total exports. Cambodia (X units), Myanmar (X units) and Indonesia (X units) occupied the slight share of total exports.

Vietnam 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, Myanmar (+X%) displayed positive paces of growth. By contrast, Thailand (-X%), Indonesia (-X%) and Cambodia (-X%) illustrated a downward trend over the same period. Thailand (X%), Cambodia (X%) and Indonesia (X%) significantly strengthened its position in terms of the global exports, while Vietnam saw its share reduced by -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest tie supplier in South-Eastern Asia, making up X% of global exports. The second position in the ranking was occupied by Thailand ($X), with a X% share of global exports. It was followed by Myanmar, with a X% share.

In Vietnam, tie exports expanded 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: Thailand (-X% per year) and Myanmar (+X% per year).

Tie Export Prices by Country in South-Eastern Asia

In 2017, the tie export price in South-Eastern Asia amounted to $X per unit, going down by -X% against the previous year. The export price indicated a modest expansion from 2007 to 2017: its price 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 most prominent rate of growth was recorded in 2012, when the export prices increased by X% against the previous 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 2016, and then declined slightly in the following year.

Export prices varied noticeably by the country of destination; the country with the highest export price was Vietnam ($X per unit), while Thailand ($X per thousand units) was amongst the lowest.

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

Tie Imports in South-Eastern Asia

In 2017, approx. X units of ties, bow ties and cravats (excluding articles of silk or silk waste, knitted or crocheted) were imported in South-Eastern Asia; standing approx. at the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2016, when it surged by X% y-o-y. Over the period under review, the tie imports reached its maximum volume of X units in 2010; however, from 2011 to 2017, it failed to regain its momentum.

In value terms, tie imports stood at $X in 2017. The total imports indicated a remarkable expansion 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. Based on 2017 figures, the tie imports decreased by -X% against 2015 indices. The level of imports peaked of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Tie Imports by Country in South-Eastern Asia

Vietnam dominates tie imports structure, reaching X units, which was approx. X% of total imports in 2017. It was distantly followed by Thailand (X units), comprising X% share of total imports. The following importers - Indonesia (X units) and Malaysia (X units) together made up X% of total imports.

Vietnam was also the fastest growing in terms of the ties, bow ties and cravats (excluding articles of silk or silk waste, knitted or crocheted) imports, with a CAGR of +X% from 2007 to 2017. At the same time, Malaysia (+X%) and Thailand (+X%) displayed positive paces of growth. By contrast, Indonesia (-X%) illustrated a downward trend over the same period. While the share of Indonesia (X%) increased significantly in terms of the global imports from 2007-2017, the share of Thailand (-X%) and Vietnam (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported ties, bow ties and cravats (excluding articles of silk or silk waste, knitted or crocheted) in South-Eastern Asia, making up X% of global imports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of global imports. It was followed by Malaysia, with a X% share.

In Vietnam, tie imports expanded at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Indonesia (+X% per year) and Malaysia (+X% per year).

Tie Import Prices by Country in South-Eastern Asia

The tie import price in South-Eastern Asia stood at $X per unit in 2017, stabilizing at the previous year. The import price indicated a strong growth from 2007 to 2017: its price 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 import price decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2011, when the import prices increased by X% y-o-y. Over the period under review, the import prices for ties, bow ties and cravats (excluding articles of silk or silk waste, knitted or crocheted) reached its maximum level of $X per unit in 2015; however, from 2016 to 2017, it 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 Malaysia ($X per unit), while Thailand ($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 mixed trends in the import price figures.

Source: IndexBox Platform