Southern Asia: Tie Market 2020

Tie Market Size in Southern Asia

The revenue of the tie market in Southern Asia amounted to $X in 2017, picking up by X% against the previous year. The tie consumption continues to indicate a prominent increase. The growth pace was the most rapid in 2016, with an increase of X% against the previous year. The level of tie consumption peaked in 2017, and is likely to see steady growth in the immediate term.

Tie Production in Southern 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 Southern Asia; remaining constant against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2008, when it surged by X% year-to-year. The volume of tie production peaked in 2017, and is expected to retain its growth in the immediate term.

Tie Exports in Southern Asia

The exports amounted to X units in 2017, rising by X% against the previous year. The total exports indicated a slight growth from 2007 to 2017: its volume 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 exports increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2008, when it surged by X% y-o-y. The volume of exports peaked of X units in 2009; however, from 2010 to 2017, it stood at a somewhat lower level.

In value terms, tie exports amounted to $X in 2017. The tie exports continue to indicate a modest increase. Over the period under review, the tie exports attained its peak figure level of $X in 2009; however, from 2010 to 2017, it failed to regain its momentum.

Tie Exports by Country in Southern Asia

In 2017, Bangladesh (X units) was the major exporter for ties, bow ties and cravats (excluding articles of silk or silk waste, knitted or crocheted), constituting X% of total exports. India (X units) took the second position in the ranking, distantly followed by Sri Lanka (X units). All these countries together took near X% share of total exports. Pakistan (X units) occupied the slight share of total exports.

Bangladesh 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. India (-X%), Pakistan (-X%) and Sri Lanka (-X%) illustrated a downward trend over the same period. While the share of India (X%) and Sri Lanka (X%) increased significantly in terms of the global exports from 2007-2017, the share of Bangladesh (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest tie supplier in Southern Asia, making up X% of global exports. The second position in the ranking was occupied by Bangladesh ($X), with a X% share of global exports. It was followed by Pakistan, with a X% share.

From 2007 to 2017, the average annual growth rate of value in India amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Bangladesh (+X% per year) and Pakistan (+X% per year).

Tie Export Prices by Country in Southern Asia

The tie export price in Southern Asia stood at $X per unit in 2017, coming up by X% against the previous year. The tie export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when the export prices increased by X% year-to-year. The level of export price peaked of $X per unit in 2009; however, from 2010 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 Pakistan ($X per unit), while Bangladesh ($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 Pakistan (+X% per year), while the other leaders experienced more modest paces of growth.

Tie Imports in Southern Asia

The imports amounted to X units in 2017, surging by X% against the previous year. The tie imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013, when imports increased by X% year-to-year. In that year, the tie imports reached their peak volume of X units. From 2014 to 2017, growth of the tie imports stood at a somewhat lower level.

In value terms, tie imports totaled $X in 2017. The total import value increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. Over the period under review, the tie imports attained its maximum level of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Tie Imports by Country in Southern Asia

Sri Lanka (X units) and Bangladesh (X units) represented roughly X% of total imports of ties, bow ties and cravats (excluding articles of silk or silk waste, knitted or crocheted) in 2017. India (X units) ranks second in terms of the global imports with a X% share, followed by Pakistan (X%). Maldives (X units) and Nepal (X units) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Maldives (+X% per year), while the other leaders experienced more modest paces of growth.

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

From 2007 to 2017, the average annual growth rate of value in Bangladesh was relatively modest. In the other countries, the average annual rates were as follows: Sri Lanka (+X% per year) and India (+X% per year).

Tie Import Prices by Country in Southern Asia

In 2017, the tie import price in Southern Asia amounted to $X per unit, falling by -X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2015, when it surged by X% year-to-year. 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 2016, and then declined slightly in the following year.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Nepal ($X per unit), while Maldives ($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 Bangladesh (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform