Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Guatemala - 2024

Contents:

1. Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Guatemala (CIF) - 2024
2. Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Guatemala (FOB) - 2022
3. Imports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Guatemala
4. Exports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Guatemala

Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Guatemala (CIF) - 2024

In April 2024, the average import price for gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber amounted to $8.5 per pair, with a decrease of -24.4% against the previous month. Over the period under review, the import price showed a perceptible setback. The growth pace was the most rapid in November 2023 when the average import price increased by 49% m-o-m. As a result, import price reached the peak level of $13.7 per pair. From December 2023 to April 2024, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($17.3 per pair), while the price for Spain ($3.7 per pair) was amongst the lowest.

From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Sri Lanka (+8.2%), 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 Guatemala (FOB) - 2022

In 2022, the average export price for gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber amounted to $10 per pair, increasing by 9.8% against the previous year. Over the period under review, the export price enjoyed modest growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 263% against the previous year. As a result, the export price attained the peak level of $18 per pair. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Honduras ($11 per pair), while the average price for exports to Belize ($6.2 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 Belize (+25.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

For the fourth year in a row, Guatemala recorded growth in overseas purchases of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber, which increased by 20% to 259K pairs in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +23.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +90.3% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 41% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber skyrocketed to $2.7M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +24.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +91.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 27% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

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

1. China (190.0K pairs)
2. Malaysia (20.8K pairs)
3. Mexico (12.0K pairs)
4. United States (9.1K pairs)
5. Taiwan (Chinese) (5.1K pairs)
6. Sri Lanka (4.5K pairs)

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

In 2022, after three years of growth, there was significant decline in overseas shipments of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber, when their volume decreased by -78% to 735 pairs. Overall, exports, however, showed buoyant growth. The growth pace was the most rapid in 2021 when exports increased by 217%. As a result, the exports reached the peak of 3.3K pairs, 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 fell rapidly to $7.4K in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 185%. Over the period under review, the exports of reached the maximum at $31K in 2021, and then reduced notably in the following year.

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

1. Honduras (427.0 pairs)
2. El Salvador (295.0 pairs)
3. Belize (13.0 pairs)

Source: IndexBox Market Intelligence Platform