EU: Silk Tie Market 2024

Silk Tie Market Size in the EU

The EU silk tie market dropped to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, recorded a abrupt decrease. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Silk Tie Production in the EU

In value terms, silk tie production fell to $X in 2022 estimated in export price. Over the period under review, production showed a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Silk Tie Exports

Exports in the EU

After seven years of decline, shipments abroad of ties, bow ties and cravats of silk or silk waste (excluding knitted or crocheted) increased by X% to X units in 2022. Overall, exports, however, showed a abrupt downturn. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, silk tie exports surged to $X in 2022. In general, exports, however, saw a deep contraction. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Italy (X units) represented the largest exporter of ties, bow ties and cravats of silk or silk waste (excluding knitted or crocheted), achieving X% of total exports. Germany (X units) held the second position in the ranking, followed by France (X units) and the Netherlands (X units). All these countries together held near X% share of total exports. Sweden (X units) and Spain (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to silk tie exports from Italy stood at X%. The Netherlands experienced a relatively flat trend pattern. Sweden (X%), France (X%), Germany (X%) and Spain (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands, France and Sweden increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest silk tie supplying countries in the European Union were Italy ($X), France ($X) and Germany ($X), together comprising X% of total exports. The Netherlands, Sweden and Spain lagged somewhat behind, together comprising a further X%.

Sweden, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the export price continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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

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

Silk Tie Imports

Imports in the EU

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 for the first time since 2012, thus ending a nine-year declining trend. Over the period under review, imports, however, showed a abrupt contraction. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, silk tie imports surged to $X in 2022. Overall, imports, however, showed a abrupt slump. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units), distantly followed by the Netherlands (X units), France (X units), Italy (X units), Spain (X units) and Sweden (X units) were the key importers of ties, bow ties and cravats of silk or silk waste (excluding knitted or crocheted), together comprising X% of total imports. Poland (X units) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest silk tie importing markets in the European Union were France ($X), Germany ($X) and the Netherlands ($X), with a combined X% share of total imports. Italy, Spain, Sweden and Poland lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Sweden, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2013 an increase of X%. The level of import peaked 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 France ($X per unit), while Poland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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