Eastern Europe: Silk Tie Market 2024

Silk Tie Market Size in Eastern Europe

The East European silk tie market fell slightly to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption continues to indicate a abrupt downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Silk Tie Production in Eastern Europe

In value terms, silk tie production shrank to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable reduction. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Silk Tie Exports

Exports in Eastern Europe

In 2022, overseas shipments of ties, bow ties and cravats of silk or silk waste (excluding knitted or crocheted) increased by X% to X units for the first time since 2015, thus ending a six-year declining trend. In general, exports, however, showed a abrupt curtailment. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, silk tie exports rose notably to $X in 2022. Over the period under review, exports, however, faced a abrupt descent. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Poland (X units) represented the major exporter of ties, bow ties and cravats of silk or silk waste (excluding knitted or crocheted), constituting X% of total exports. Belarus (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Slovakia (X%), Romania (X%), the Czech Republic (X%), Russia (X%) and Lithuania (X%).

Poland 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, Belarus (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Lithuania (X%), the Czech Republic (X%), Slovakia (X%), Russia (X%) and Romania (X%) illustrated a downward trend over the same period. While the share of Poland (X p.p.), Belarus (X p.p.) and the Czech Republic (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Slovakia (X p.p.), Russia (X p.p.) and Romania (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest silk tie supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Romania ($X), with a X% share of total exports. It was followed by the Czech Republic, with an X% share.

In Poland, silk tie exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Romania (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, shrinking by X% against the previous year. In general, the export price, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2013 an increase of X%. The level of export peaked at $X per unit in 2021, and then fell sharply in the following year.

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

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

Silk Tie Imports

Imports in Eastern Europe

In 2022, supplies from 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 consecutive year after four years of decline. In general, imports, however, saw a perceptible reduction. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, silk tie imports soared to $X in 2022. Overall, imports, however, saw a abrupt curtailment. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Poland represented the main importing country with an import of about X units, which reached X% of total imports. Romania (X units) took the second position in the ranking, followed by Russia (X units) and the Czech Republic (X units). All these countries together took approx. X% share of total imports. Hungary (X units), Slovakia (X units) and Lithuania (X units) followed a long way behind the leaders.

Poland was also the fastest-growing in terms of the ties, bow ties and cravats of silk or silk waste (excluding knitted or crocheted) imports, with a CAGR of X% from 2012 to 2022. Romania (X%), Hungary (X%), Lithuania (X%), Slovakia (X%), Russia (X%) and the Czech Republic (X%) illustrated a downward trend over the same period. Poland (X p.p.) and Romania (X p.p.) significantly strengthened its position in terms of the total imports, while Slovakia, the Czech Republic and Russia saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported ties, bow ties and cravats of silk or silk waste (excluding knitted or crocheted) in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by Romania, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Russia totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Poland (X% per year) and Romania (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the import price, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per unit), while Romania ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :