Global Silk Tie Market 2022

Silk Tie Market Size

In 2020, the global silk tie market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. from 2009 to 2020, the growth of the global market failed to regain the momentum.

Silk Tie Production

In value terms, silk tie production expanded modestly to $X in 2020 estimated in export prices. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. from 2009 to 2020, global production growth remained at a lower figure.

Production By Country

The countries with the highest volumes of silk tie production in 2020 were China (X units), Italy (X units) and India (X units), with a combined X% 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 X 2007 to 2020, the most notable rate of growth in terms of silk tie production, amongst the main producing countries, was attained by the U.S., while silk tie production for the other global leaders experienced mixed trends in the production figures.

Silk Tie Exports

Exports

For the seventh consecutive year, the global market recorded decline in shipments abroad 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, exports faced a deep slump. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. As a result, exports attained the peak of X units. from 2011 to 2020, the growth of global exports remained at a lower figure.

In value terms, silk tie exports reduced markedly to $X in 2020. In general, exports showed a deep reduction. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Over the period under review, global exports reached the peak figure at $X in 2008; however, from 2009 to 2020, exports stood at a somewhat lower figure.

Exports by Country

China represented the major exporting country with an export of around X units, which reached X% of total exports. Italy (X units) held a X% share (based on tonnes) of total exports, which put it in second place, followed by France (X%). The Netherlands (X units), Germany (X units), the UK (X units), Spain (X units) and Sweden (X units) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to silk tie exports from China stood at -X%. Sweden (-X%), the Netherlands (-X%), France (-X%), Spain (-X%), the UK (-X%), Germany (-X%) and Italy (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of China, France and the Netherlands increased by +X%, +X% and +X% percentage points, while the UK (-X p.p.), Germany (-X p.p.) and Italy (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest silk tie supplying countries worldwide were Italy ($X), France ($X) and China ($X), with a combined X% share of global exports.

Among the main exporting countries, France recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced a decline in the exports figures.

Export Prices by Country

In 2020, the average silk tie export price amounted to $X per unit, picking up by X% against the previous year. In general, the export price, however, continues to indicate a slight decline. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. Global export price peaked at $X per unit in 2009; however, from 2010 to 2020, export prices stood at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the other global leaders experienced more modest paces of growth.

Silk Tie Imports

Imports

For the tenth consecutive year, the global market 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 continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Over the period under review, global imports hit record highs at X units in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, silk tie imports shrank rapidly to $X in 2020. In general, imports faced a abrupt contraction. The growth pace was the most rapid in 2011 when imports increased by X% y-o-y. Over the period under review, global imports attained the maximum at $X in 2008; however, from 2009 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, the U.S. (X units), distantly followed by Japan (X units), Germany (X units), the UK (X units) and France (X units) represented the main importers of ties, bow ties and cravats of silk or silk waste (excluding knitted or crocheted), together creating X% of total imports. The following importers - Italy (X units), the Netherlands (X units), Switzerland (X units), Spain (X units), Canada (X units), Belgium (X units), Singapore (X units) and Sweden (X units) - together made up X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Singapore, while imports for the other global leaders experienced a decline in the imports figures.

In value terms, the largest silk tie importing markets worldwide were Japan ($X), the U.S. ($X) and Germany ($X), together accounting for X% of global imports. These countries were followed by the UK, Italy, France, Switzerland, the Netherlands, Singapore, Spain, Canada, Sweden and Belgium, which together accounted for a further X recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced a decline in the imports figures.

Import Prices by Country

In 2020, the average silk tie import price amounted to $X per unit, surging by X% against the previous year. In general, import price indicated a notable expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, silk tie import price increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2019 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs in 2020 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Japan ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform