Ties, bow ties and cravats: of man-made fibres (not knitted or crocheted)

In 2024, ties, bow ties and cravats: of man-made fibres (not knitted or crocheted) trade exhibited slight decline, with global flows reaching $137,437,046 and a three-year compound annual growth rate of +7.9% (five-year: -4.8%). The all-time peak of $210,966,780 was recorded in 2013; the current level is 35% below that high-water mark.

Over the 30-year observation window (1995–2024), 45% of years recorded positive growth, indicating significant cyclicality with frequent contractions. Trend momentum is strengthening (+11.9% acceleration).

The World Trade Flows Characterization classifies ties, bow ties and cravats: of man-made fibres (not knitted or crocheted) as "One-way trade" in the medium price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is concentrated (Herfindahl-Hirschman Index 0.684). The three largest exporters — China ($113.5M), Bangladesh ($16.6M), and Germany ($4.1M) — collectively dominate supply flows. The leading exporter has grown at +14.4% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.094). The three largest import markets are United States ($38.1M), Japan ($8.8M), and United Kingdom ($8.6M). The largest importing market sources from 58 different supplying countries.

Estimated substitution elasticity: -1.61. Buyers tend to remain with established suppliers even when price differences exist.

The dominant trade corridor is China → United States at $36.1M, representing 94.8% of the importer's total demand.

The volatility score for ties, bow ties and cravats: of man-made fibres (not knitted or crocheted) is 6 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. The concentrated supply structure suggests high barriers but also potential opportunity if dominant suppliers face disruption or capacity constraints.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.