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

Contents:

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

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

In 2022, the average import price for gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber amounted to $5.2 per pair, rising by 17% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.1% 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 +45.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 24% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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 Turkey ($17 per pair), while the price for Italy ($2.8 per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber amounted to $17 per pair, approximately equating the previous year. Over the period under review, the export price, however, posted buoyant growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by 88% against the previous year. As a result, the export price reached the peak level of $40 per pair. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($31 per pair), while the average price for exports to the United States stood at $14 per pair.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.9%).

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

In 2022, supplies from abroad of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber decreased by -53.7% to 28K pairs, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 106%. As a result, imports reached the peak of 136K pairs. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber reduced notably to $143K in 2022. In general, imports faced a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of 103% against the previous year. As a result, imports attained the peak of $482K. From 2021 to 2022, the growth of imports of failed to regain momentum.

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

1. China (23.7K pairs)
2. United States (0.8K pairs)
3. Israel (0.4K pairs)

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

In 2022, after two years of decline, there was significant decline in shipments abroad of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber, when their volume decreased by -48.7% to 79 pairs. Over the period under review, exports, however, enjoyed buoyant growth. The exports peaked at 154 pairs in 2021, and then reduced remarkably in the following year.

In value terms, exports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber dropped notably to $1.3K in 2022. Overall, exports continue to indicate a deep reduction. The exports peaked at $2.6K in 2021, and then shrank significantly in the following year.

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

1. United States (66.0 pairs)
2. Slovenia (12.0 pairs)

Source: IndexBox Market Intelligence Platform