Australia and Oceania: Silk Tie Market 2024

Silk Tie Market Size in Australia and Oceania

In 2022, the silk tie market in Australia and Oceania increased by X% to $X for the first time since 2017, thus ending a four-year declining trend. Over the period under review, consumption continues to indicate a modest increase. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Silk Tie Production in Australia and Oceania

In value terms, silk tie production fell modestly to $X in 2022 estimated in export price. In general, production, however, enjoyed pronounced growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Silk Tie Exports

Exports in Australia and Oceania

In 2022, exports of ties, bow ties and cravats of silk or silk waste (excluding knitted or crocheted) in Australia and Oceania rose sharply to X units, with an increase of X% on 2021. Over the period under review, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, silk tie exports surged to $X in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand was the main exporting country with an export of around X units, which resulted at X% of total exports. It was distantly followed by Australia (X units), generating a X% share of total exports. Guam (X units) followed a long way behind the leaders.

New Zealand experienced a relatively flat trend pattern with regard to volume of exports of ties, bow ties and cravats of silk or silk waste (excluding knitted or crocheted). At the same time, Guam (X%) displayed positive paces of growth. Moreover, Guam emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, Australia (X%) illustrated a downward trend over the same period. While the share of New Zealand (X p.p.) and Guam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (X p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) remains the largest silk tie supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by Australia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in New Zealand totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Australia (X% per year) and Guam (X% per year).

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, growing by X% against the previous year. Overall, the export price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per unit), while Guam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Silk Tie Imports

Imports in Australia and Oceania

In 2022, purchases abroad of ties, bow ties and cravats of silk or silk waste (excluding knitted or crocheted) increased by X% to X units, rising for the second year in a row after five years of decline. Over the period under review, imports, however, recorded a abrupt shrinkage. Over the period under review, imports reached the peak figure at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, silk tie imports soared to $X in 2022. Overall, imports, however, saw a abrupt setback. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia prevails in imports structure, amounting to X units, which was approx. X% of total imports in 2022. It was distantly followed by New Zealand (X units), achieving a X% share of total imports. Fiji (X units) followed a long way behind the leaders.

Imports into Australia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Fiji (X%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, New Zealand (X%) illustrated a downward trend over the same period. New Zealand (X p.p.) and Fiji (X p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Australia ($X) constitutes the largest market for imported ties, bow ties and cravats of silk or silk waste (excluding knitted or crocheted) in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Fiji (X% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price saw a prominent expansion. The growth pace was the most rapid in 2016 when the import price increased by X%. Over the period under review, import prices attained the peak figure in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per unit), while Fiji ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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