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South Africa - 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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South Africa: Silk Tie Market Overview 2022

Silk Tie Market Size in South Africa

For the fifth year in a row, the South African silk tie market recorded decline in sales value, which decreased by -X% to $X in 2020. Overall, consumption saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the market value increased by X% against the previous year. As a result, consumption attained the peak level of $X. from 2012 to 2020, the growth of the market remained at a somewhat lower figure.

Silk Tie Production in South Africa

In value terms, silk tie production shrank modestly to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. As a result, production reached the peak level of $X. from 2012 to 2020, production growth failed to regain the momentum.

Silk Tie Exports

Exports from South Africa

In 2020, shipments abroad of ties, bow ties and cravats of silk or silk waste (excluding knitted or crocheted) decreased by -X% to X units, falling for the third year in a row after three years of growth. In general, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2009 when exports increased by X% against the previous year. Exports peaked at X units in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, silk tie exports plummeted to $X in 2020. Overall, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2017 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2011; however, from 2012 to 2020, exports remained at a lower figure.

Exports by Country

Botswana (X units), Namibia (X units) and France (X units) were the main destinations of silk tie exports from South Africa, together accounting for X% of total exports. These countries were followed by Switzerland, Swaziland, Italy and Tanzania, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Namibia ($X) emerged as the key foreign market for silk tie exports from South Africa, comprising X% of total exports. The second position in the ranking was occupied by Botswana ($X), with a X% share of total exports. It was followed by Swaziland, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Namibia stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (-X% per year) and Swaziland (-X% per year).

Export Prices by Country

In 2020, the average silk tie export price amounted to $X per unit, growing by X% against the previous year. Overall, the export price recorded a prominent expansion. The most prominent rate of growth was recorded in 2010 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per unit. from 2011 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Swaziland ($X per unit), while the average price for exports to Botswana ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania, while the prices for the other major destinations experienced more modest paces of growth.

Silk Tie Imports

Imports into South Africa

For the third consecutive year, South Africa recorded decline in overseas purchases of ties, bow ties and cravats of silk or silk waste (excluding knitted or crocheted), which decreased by -X% to X units in 2020. Overall, imports saw a precipitous slump. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Imports peaked at X units in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, silk tie imports fell sharply to $X in 2020. Over the period under review, imports showed a abrupt curtailment. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X units) constituted the largest supplier of silk tie to South Africa, accounting for a X% share of total imports. Moreover, silk tie imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. The third position in this ranking was occupied by Hong Kong SAR (X units), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and Hong Kong SAR (-X% per year).

In value terms, Italy ($X), China ($X) and the UK ($X) constituted the largest silk tie suppliers to South Africa, together comprising X% of total imports.

Among the main suppliers, Italy saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average silk tie import price stood at $X per unit in 2020, jumping by X% against the previous year. Over the period under review, the import price saw a strong increase. The pace of growth was the most pronounced in 2008 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ties, bow ties and cravats of silk or silk waste (excluding knitted or crocheted) in the world?
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The countries with the highest volumes of silk tie consumption in 2020 were China (14M units), Italy (8.2M units) and India (4.4M units), together accounting for 34% of global consumption.
What are the largest producers of ties, bow ties and cravats of silk or silk waste (excluding knitted or crocheted) in the world?
+
The countries with the highest volumes of silk tie production in 2020 were China (14M units), Italy (8.3M units) and India (4.4M units), with a combined 35% share of global production. These countries were followed by the U.S., Japan, Russia, Germany, Brazil, Pakistan, Bangladesh, Indonesia, Mexico and Nigeria, which together accounted for a further 27%.
What are the leading suppliers of ties, bow ties and cravats of silk or silk waste (excluding knitted or crocheted) to South Africa?
+
In value terms, the largest silk tie suppliers to South Africa were Italy ($75K), China ($49K) and the UK ($6.3K), with a combined 94% share of total imports.
What are the leading importers of ties, bow ties and cravats of silk or silk waste (excluding knitted or crocheted) from South Africa?
+
In value terms, Namibia ($9K) emerged as the key foreign market for silk tie exports from South Africa, comprising 35% of total exports. The second position in the ranking was occupied by Botswana ($4.3K), with a 17% share of total exports. It was followed by Swaziland, with a 14% share.
What is the average export price for ties, bow ties and cravats of silk or silk waste (excluding knitted or crocheted) in South Africa?
+
In 2020, the average silk tie export price amounted to $27 per unit, picking up by 9.4% against the previous year.
What is the average import price for ties, bow ties and cravats of silk or silk waste (excluding knitted or crocheted) in South Africa?
+
The average silk tie import price stood at $71 per unit in 2020, jumping by 16% against the previous year.

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

This report provides an in-depth analysis of the silk tie market in South Africa. 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 2025.


Country coverage:
• South Africa

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in South Africa
• 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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020
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