Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Bangladesh - 2022

Contents:

  1. Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Bangladesh (FOB) - 2022
  2. Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Bangladesh (CIF) - 2022
  3. Exports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Bangladesh
  4. Imports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Bangladesh

Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Bangladesh (FOB) - 2022

The average export price for gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber stood at $10 per pair in 2022, increasing by 28% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($29 per pair), while the average price for exports to Peru ($3.5 per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Bangladesh (CIF) - 2022

The average import price for gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber stood at $7.1 per pair in 2022, reducing by -22.8% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber increased by +35.3% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 39% against the previous year. The import price peaked at $9.2 per pair in 2021, and then shrank dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($21 per pair), while the price for China ($6 per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Bangladesh

In 2022, approx. 2.5M pairs of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber were exported from Bangladesh; which is down by -27.7% against the year before. Overall, total exports indicated a temperate expansion from 2019 to 2022: its volume increased at an average annual rate of +4.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +28.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 77% against the previous year. As a result, the exports attained the peak of 3.5M pairs, and then declined rapidly in the following year.

In value terms, exports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber shrank to $26M in 2022. Over the period under review, total exports indicated prominent 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 +39.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 51%. As a result, the exports attained the peak of $28M, and then shrank in the following year.

Export of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Bangladesh (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States3.23.08.34.713.7%
Germany2.72.73.13.36.9%
Canada2.11.73.32.0-1.6%
France1.41.01.31.76.7%
Japan0.91.21.41.723.6%
United Kingdom1.51.31.81.4-2.3%
India0.20.31.41.386.6%
Spain0.70.50.90.70.0%
Netherlands0.50.30.40.66.3%
Chile0.20.40.20.644.2%
United Arab Emirates0.30.30.10.626.0%
Austria0.10.10.10.681.7%
Peru0.40.30.10.40.0%
Others6.15.45.46.0-0.5%
Total20.418.427.825.78.0%

Top Export Markets for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber from Bangladesh in 2022:

  1. United States (631.2K pairs)
  2. Germany (277.1K pairs)
  3. France (217.3K pairs)
  4. United Kingdom (193.5K pairs)
  5. Peru (127.8K pairs)
  6. Austria (100.3K pairs)
  7. Canada (97.4K pairs)
  8. United Arab Emirates (96.7K pairs)
  9. Netherlands (86.9K pairs)
  10. India (64.1K pairs)
  11. Spain (61.0K pairs)
  12. Japan (56.7K pairs)
  13. Chile (49.6K pairs)

Imports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Bangladesh

Imports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber into Bangladesh soared to 46K pairs in 2022, growing by 24% against the previous year's figure. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 52% against the previous year. As a result, imports attained the peak of 71K pairs. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber shrank modestly to $327K in 2022. In general, total imports indicated a notable increase from 2019 to 2022: its value increased at an average annual rate of +3.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -33.1% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 68% against the previous year. As a result, imports attained the peak of $488K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Bangladesh (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2444422322581.9%
Singapore0.96.45.515.3157.1%
MalaysiaN/A3.61.85.826.9%
Pakistan19.40.462.80.6-68.6%
Others26.236.240.047.021.5%
Total2914883423274.0%

Top Suppliers of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber to Bangladesh in 2022:

  1. China (43.2K pairs)
  2. Singapore (0.9K pairs)
  3. Malaysia (0.7K pairs)

Source: IndexBox Market Intelligence Platform

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