Silk Tie Market in Myanmar
In value terms, silk tie production expanded to $ in estimated in export price. In general, production, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2015 when the production volume increased by % against the previous year. Over the period under review, production reached the maximum level at $ in 2009; however, from 2010 to , production stood at a somewhat lower figure.
The revenue of the silk tie market in Myanmar declined slightly to $ in , shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a abrupt decrease. Over the period under review, the market reached the maximum level at $ in 2009; however, from 2010 to , consumption remained at a lower figure.