Pakistan - Ties, Bow Ties And Cravats Of Silk Or Silk Waste (Excluding Knitted Or Crocheted) - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Pakistan - Ties, Bow Ties And Cravats Of Silk Or Silk Waste (Excluding Knitted Or Crocheted) - Market Analysis, Forecast, Size, Trends And Insights

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Silk Tie Price in Pakistan - 2023

Contents:

  1. Silk Tie Price in Pakistan (FOB) - 2022
  2. Silk Tie Price in Pakistan (CIF) - 2022
  3. Silk Tie Exports in Pakistan
  4. Silk Tie Imports in Pakistan

Silk Tie Price in Pakistan (FOB) - 2022

In 2022, the average silk tie export price amounted to $77 per unit, rising by 43% against the previous year. In general, the export price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 52%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($82 per unit), while the average price for exports to the Netherlands totaled $77 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.1%), while the prices for the other major destinations experienced mixed trend patterns.

Silk Tie Price in Pakistan (CIF) - 2022

In 2022, the average silk tie import price amounted to $38 per unit, increasing by 40% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, silk tie import price increased by +99.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 43% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($78 per unit), while the price for the United Arab Emirates ($5.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Silk Tie Exports in Pakistan

After three years of growth, shipments abroad of ties, bow ties and cravats of silk or silk waste (excluding knitted or crocheted) decreased by -23.1% to 7.4K units in 2022. In general, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 91% against the previous year. The exports peaked at 9.6K units in 2021, and then declined remarkably in the following year.

In value terms, silk tie exports rose significantly to $566K in 2022. Overall, exports, however, posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 97%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Export of Silk Tie in Pakistan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands91.322540154681.5%
United States1.61.12.511.894.6%
Malaysia8.09.410.3N/A13.5%
United Kingdom4.67.81.6N/A-41.0%
Kuwait17.825.734.2N/A38.6%
Italy18.426.435.0N/A37.9%
Others17.216.730.38.3-21.6%
Total15931251556652.7%

Top Export Markets for Silk Tie from Pakistan in 2022:

  1. Netherlands (7.1K units)
  2. United States (0.1K units)

Silk Tie Imports in Pakistan

In 2022, the amount of ties, bow ties and cravats of silk or silk waste (excluding knitted or crocheted) imported into Pakistan reduced rapidly to 474 units, with a decrease of -62.5% compared with the previous year's figure. In general, imports saw a precipitous slump. The growth pace was the most rapid in 2021 when imports increased by 93% against the previous year. As a result, imports attained the peak of 1.3K units, and then declined dramatically in the following year.

In value terms, silk tie imports declined dramatically to $18K in 2022. Over the period under review, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 176%. As a result, imports attained the peak of $34K, and then dropped dramatically in the following year.

Import of Silk Tie in Pakistan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China12.61.723.410.9-4.7%
Italy3.34.73.36.324.1%
United Arab Emirates0.40.30.90.720.5%
Switzerland1.31.11.2N/A-3.9%
United Kingdom1.60.91.0N/A-20.9%
France0.50.30.4N/A-10.6%
Turkey4.42.11.0N/A-52.3%
Others1.61.43.3N/A43.6%
Total25.612.534.418.0-11.1%

Top Suppliers of Silk Tie to Pakistan in 2022:

  1. China (246.0 units)
  2. United Arab Emirates (146.0 units)
  3. Italy (81.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the silk tie market in Pakistan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 14192358 - Ties, bow ties and cravats, of silk or silk waste (excluding knitted or crocheted)

Country coverage:

  • Pakistan

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Pakistan
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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