CIS: Tie Market 2020

Tie Market Size in CIS

The revenue of the tie market in CIS amounted to $X in 2017, falling 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 perceptible contraction. The pace of growth appeared the most rapid in 2010, with an increase of X% y-o-y. The level of tie consumption peaked of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Tie Exports in CIS

In 2017, exports of ties, bow ties and cravats (excluding articles of silk or silk waste, knitted or crocheted) in CIS stood at X units, growing by X% against the previous year. The tie exports continue to indicate a slight growth. The pace of growth appeared the most rapid in 2015, when exports increased by X% y-o-y. The volume of exports peaked in 2017, and are likely to see steady growth in the near future.

In value terms, tie exports stood at $X in 2017. The tie exports continue to indicate an abrupt reduction. The level of exports peaked of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Tie Exports by Country in CIS

Russia dominates tie exports structure, recording X units, which was approx. X% of total exports in 2017. Kazakhstan (X units) occupied the second position in the ranking, followed by Belarus (X units) and Armenia (X units). All these countries together held approx. X% share of total exports.

Russia experienced a relatively flat trend pattern of ties, bow ties and cravats (excluding articles of silk or silk waste, knitted or crocheted) exports. At the same time, Kazakhstan (+X%) and Armenia (+X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest growing exporter in CIS, with a CAGR of +X% from 2007-2017. By contrast, Belarus (-X%) illustrated a downward trend over the same period. Belarus (X%) significantly strengthened its position in terms of the global exports, while Russia, Armenia and Kazakhstan saw its share reduced by -X%, -X% and -X% from 2007 to 2017, respectively.

In value terms, Russia ($X), Belarus ($X) and Kazakhstan ($X) appeared to be the countries with the highest levels of exports in 2017, together accounting for X% of total exports. Armenia lagged somewhat behind, accounting for a further X%.

Among the main exporting countries , Armenia (+X% per year) experienced the highest growth rate of exports, over the last decade, while the other leaders experienced mixed trends in the exports figures.

Tie Export Prices by Country in CIS

In 2017, the tie export price in CIS amounted to $X per unit, going down by -X% against the previous year. The tie export price continues to indicate an abrupt curtailment. The pace of growth appeared the most rapid in 2013, 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 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was Belarus ($X per unit), while Russia ($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 Armenia (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Tie Imports in CIS

In 2017, the amount of ties, bow ties and cravats (excluding articles of silk or silk waste, knitted or crocheted) imported in CIS totaled X units, reducing by -X% against the previous year. The tie imports continue to indicate a drastic shrinkage. The most prominent rate of growth was recorded in 2016, when it surged by X% against the previous year. Over the period under review, the tie imports attained its maximum volume of X units in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, tie imports amounted to $X in 2017. The tie imports continue to indicate a deep reduction. The level of imports peaked of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Tie Imports by Country in CIS

Russia was the largest importing country with an import of about X units, which recorded X% of total imports. Kazakhstan (X units) occupied a X% share (based on tons) of total imports, which put it in second place, followed by Kyrgyzstan (X%). The following importers - Belarus (X units) and Azerbaijan (X units) each resulted at a X% 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 Azerbaijan (+X% per year), while the other leaders experienced mixed trends in the imports figures.

In value terms, the largest tie markets worldwide were Russia ($X), Kazakhstan ($X) and Kyrgyzstan ($X), with a combined X% share of total imports. Belarus and Azerbaijan lagged somewhat behind, together comprising a further X%.

Azerbaijan (+X% per year) experienced the highest growth rate of imports, in terms of 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 CIS

In 2017, the tie import price in CIS amounted to $X per unit, increasing by X% against the previous year. The import price indicated a remarkable increase 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 2011, when the import prices increased by X% year-to-year. The level of import price peaked in 2017, and is likely to continue its growth in the immediate term.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Kazakhstan ($X per unit), while Azerbaijan ($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 Russia (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform