Philippines - Gloves, Mittens And Mitts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLeather Gloves Price in the Philippines - 2024
Contents:
- Leather Gloves Price in the Philippines (FOB) - 2024
- Leather Gloves Price in the Philippines (CIF) - 2022
- Leather Gloves Exports in the Philippines
- Leather Gloves Imports in the Philippines
Leather Gloves Price in the Philippines (FOB) - 2024
In April 2024, the average leather gloves export price amounted to $45.8 per pair, which is down by -15.6% against the previous month. Over the last three months, it increased at an average monthly rate of +1.9%. The growth pace was the most rapid in March 2024 an increase of 20% m-o-m. As a result, the export price reached the peak level of $54.3 per pair, and then reduced sharply in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($115 per pair), while the average price for exports to Australia ($24.8 per pair) was amongst the lowest.
From January 2024 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+44.9%), while the prices for the other major destinations experienced more modest paces of growth.
Leather Gloves Price in the Philippines (CIF) - 2022
In 2022, the average leather gloves import price amounted to $481 per thousand pairs, waning by -3% against the previous year. Overall, the import price saw a perceptible descent. The pace of growth was the most pronounced in 2015 when the average import price increased by 33%. The import price peaked at $678 per thousand pairs in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($819 per thousand pairs), while the price for Malaysia ($294 per thousand pairs) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.8%), while the prices for the other major suppliers experienced a decline.
Leather Gloves Exports in the Philippines
In 2022, approx. 1.4M pairs of gloves, mittens and mitts were exported from the Philippines; increasing by 45% compared with the previous year's figure. Over the period under review, exports, however, showed a pronounced decrease. Over the period under review, the exports reached the maximum at 1.5M pairs in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, leather gloves exports skyrocketed to $16M in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +7.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.2% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Leather Gloves in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.6 | 6.0 | 7.3 | 10.6 | 11.7% |
| Canada | 0.2 | 0.3 | 0.5 | 1.1 | 76.5% |
| United Kingdom | 0.7 | 0.3 | 0.7 | 1.0 | 12.6% |
| Australia | 0.1 | N/A | N/A | 0.8 | 100.0% |
| France | 1.0 | 0.6 | 0.7 | 0.8 | -7.2% |
| Japan | 0.5 | 0.3 | 0.2 | 0.2 | -26.3% |
| Germany | 1.9 | 0.7 | 0.1 | 0.1 | -62.5% |
| Others | 1.0 | 0.6 | 0.9 | 1.8 | 21.6% |
| Total | 13.0 | 9.0 | 10.5 | 16.3 | 7.8% |
Top Export Markets for Gloves, Mittens and Mitts from the Philippines in 2022:
- United States (540.4K pairs)
- Australia (405.1K pairs)
- Japan (89.7K pairs)
- Germany (72.7K pairs)
- Canada (69.1K pairs)
- France (62.6K pairs)
- United Kingdom (60.6K pairs)
Leather Gloves Imports in the Philippines
In 2022, approx. 21M pairs of gloves, mittens and mitts were imported into the Philippines; surging by 8.1% against the previous year's figure. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 318% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, leather gloves imports rose to $10M in 2022. Over the period under review, imports recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 327% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.
| Import of Leather Gloves in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.3 | 1.3 | 4.3 | 8.1 | 52.1% |
| Malaysia | 0.2 | 0.2 | 0.5 | 0.2 | 0.0% |
| Others | 1.7 | 0.7 | 4.7 | 1.7 | 0.0% |
| Total | 4.3 | 2.2 | 9.6 | 10.0 | 32.5% |
Top Suppliers of Gloves, Mittens and Mitts to the Philippines in 2022:
- China (19.4M pairs)
- Malaysia (0.8M pairs)
This report provides an in-depth analysis of the leather gloves market in the Philippines. 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 2030.
Product coverage:
- Prodcom 14193175 - Gloves, mittens and mitts, of leather or composition leather (excluding for sport, protective for all trades)
- Prodcom 32991130 - Protective gloves, mittens and mitts for all trades, of leather or composition leather
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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