Eastern Asia: Tie Market 2020

Tie Market Size in Eastern Asia

The revenue of the tie market in Eastern Asia amounted to $X in 2017, shrinking by -X% against the previous year. The tie consumption continues to indicate a deep decrease. The most prominent rate of growth was recorded in 2014, with an increase of X% y-o-y. Over the period under review, the tie market reached its peak figure level of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Tie Production in Eastern Asia

The tie production amounted to X units in 2017, flattening at the previous year. The tie production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013, with an increase of X% y-o-y. The volume of tie production peaked in 2017, and is likely to continue its growth in the near future.

Tie Exports in Eastern Asia

In 2017, approx. X units of ties, bow ties and cravats (excluding articles of silk or silk waste, knitted or crocheted) were exported in Eastern Asia; rising by X% against the previous year. The tie exports continue to indicate a strong growth. The growth pace was the most rapid in 2008, with an increase of X% y-o-y. Over the period under review, the tie exports attained its peak figure volume of X units in 2011; however, from 2012 to 2017, it failed to regain its momentum.

In value terms, tie exports amounted to $X in 2017. The total exports indicated a strong 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. Over the period under review, the tie exports reached its peak figure level of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Tie Exports by Country in Eastern Asia

China prevails in tie exports structure, finishing at X units, which was near X% of total exports in 2017. China, Hong Kong SAR (X units) occupied the minor share 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. China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. While the share of China (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, tie exports expanded at an average annual rate of +X% over the period from 2007-2017.

Tie Export Prices by Country in Eastern Asia

In 2017, the tie export price in Eastern Asia amounted to $X per unit, shrinking by -X% against the previous year. The tie export price continues to indicate a moderate setback. The most prominent rate of growth was recorded in 2009, an increase of X% y-o-y. In that year, the export 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 export prices for ties, bow ties and cravats (excluding articles of silk or silk waste, knitted or crocheted) stood at a somewhat lower level.

Average export prices varied noticeably amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in China ($X per unit) and China, Hong Kong SAR ($X per unit), while China, Hong Kong SAR ($X per unit) and China ($X per unit) were 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).

Tie Imports in Eastern Asia

The imports totaled X units in 2017, lowering by -X% against the previous year. The tie imports continue to indicate a moderate deduction. The most prominent rate of growth was recorded in 2016, with an increase of X% year-to-year. Over the period under review, the tie imports reached its maximum volume of X units in 2013; however, from 2014 to 2017, it failed to regain its momentum.

In value terms, tie imports amounted to $X in 2017. The total imports indicated a strong growth from 2007 to 2017: its value decreased 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 2014 indices. 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 Eastern Asia

In 2017, Japan (X units) represented the main importer for ties, bow ties and cravats (excluding articles of silk or silk waste, knitted or crocheted), comprising X% of total imports. South Korea (X units) occupied the second position in the ranking, followed by China, Hong Kong SAR (X units). All these countries together held approx. X% share of total imports. The following importers - China (X units) and Taiwan, Chinese (X units) each accounted for a X% share of total imports.

Japan 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. China (-X%), Taiwan, Chinese (-X%), South Korea (-X%) and China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. While the share of South Korea (X%), China, Hong Kong SAR (X%) and Taiwan, Chinese (X%) increased significantly in terms of the global imports from 2007-2017, the share of Japan (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2017, the average annual growth rate of value in Japan stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (-X% per year) and China, Hong Kong SAR (-X% per year).

Tie Import Prices by Country in Eastern Asia

In 2017, the tie import price in Eastern Asia amounted to $X per unit, coming up by X% against the previous year. The tie import price continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2015, an increase of X% year-to-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 2016 to 2017, growth of the import prices for ties, bow ties and cravats (excluding articles of silk or silk waste, knitted or crocheted) 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 China ($X per unit), while China, Hong Kong SAR ($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 Taiwan, Chinese (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform