Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Hong Kong SAR - 2024
Contents:
- Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Hong Kong SAR (CIF) - 2022
- Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Hong Kong SAR (FOB) - 2022
- Imports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Hong Kong SAR
- Exports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Hong Kong SAR
Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Hong Kong SAR (CIF) - 2022
The average import price for gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber stood at $29 per pair in 2022, growing by 3.7% against the previous year. Over the period under review, the import price recorded a resilient increase. The growth pace was the most rapid in 2014 an increase of 25% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
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 Cambodia ($52 per pair), while the price for China ($12 per pair) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber amounted to $34 per pair, picking up by 15% against the previous year. In general, the export price continues to indicate a prominent increase. The pace of growth was the most pronounced in 2016 an increase of 41% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($93 per pair), while the average price for exports to the United States ($11 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 Panama (+26.0%), 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 Hong Kong SAR
In 2022, overseas purchases of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber were finally on the rise to reach 146K pairs after two years of decline. Over the period under review, imports, however, showed a precipitous curtailment. Over the period under review, imports of attained the maximum at 307K pairs in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber reached $4.2M in 2022. Overall, imports, however, showed a abrupt curtailment. Imports peaked at $6.8M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 1,846 | 2,506 | 2,374 | 2,107 | 4.5% |
| Sri Lanka | 999 | 406 | 394 | 847 | -5.4% |
| China | 2,858 | 514 | 255 | 386 | -48.7% |
| Cambodia | 101 | 26.7 | 19.7 | 370 | 54.2% |
| Malaysia | 228 | 431 | 298 | 164 | -10.4% |
| Singapore | 13.9 | 227 | 214 | 146 | 119.0% |
| Indonesia | 344 | 62.0 | 131 | 22.8 | -59.5% |
| Others | 402 | 163 | 43.8 | 192 | -21.8% |
| Total | 6,792 | 4,335 | 3,729 | 4,233 | -14.6% |
Top Suppliers of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber to Hong Kong SAR in 2022:
- South Korea (69.2K pairs)
- China (31.3K pairs)
- Sri Lanka (17.5K pairs)
- Malaysia (12.0K pairs)
- Cambodia (7.1K pairs)
- Singapore (5.0K pairs)
- Indonesia (0.6K pairs)
Exports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Hong Kong SAR
In 2022, the amount of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber exported from Hong Kong SAR shrank markedly to 44K pairs, declining by -28.8% compared with 2021 figures. In general, exports showed a sharp reduction. The most prominent rate of growth was recorded in 2021 with an increase of 35%. Over the period under review, the exports of hit record highs at 273K pairs in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber fell notably to $1.5M in 2022. Over the period under review, exports saw a dramatic setback. The most prominent rate of growth was recorded in 2021 with an increase of 43%. The exports peaked at $7.6M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 556 | 96.9 | 243 | 316 | -17.2% |
| China | 531 | 77.7 | 166 | 171 | -31.5% |
| Mexico | 94.0 | 74.7 | 44.7 | 150 | 16.9% |
| United States | 3,814 | 313 | 138 | 147 | -66.2% |
| South Korea | 220 | 106 | 349 | 130 | -16.1% |
| Thailand | 55.5 | 72.9 | 33.3 | 109 | 25.2% |
| Panama | 23.1 | 2.6 | 82.1 | 92.9 | 59.0% |
| Indonesia | 12.3 | 76.6 | 41.5 | 71.7 | 80.0% |
| Singapore | 161 | 35.5 | 75.6 | 57.6 | -29.0% |
| Colombia | N/A | N/A | N/A | 46.5 | 0% |
| United Arab Emirates | 59.0 | 40.9 | 209 | 17.5 | -33.3% |
| United Kingdom | 819 | 58.0 | 72.0 | 7.6 | -79.0% |
| Canada | 157 | 11.5 | 67.5 | 4.8 | -68.7% |
| Others | 1,063 | 310 | 308 | 177 | -45.0% |
| Total | 7,564 | 1,275 | 1,830 | 1,499 | -41.7% |
Top Export Markets for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber from Hong Kong SAR in 2022:
- United States (13.3K pairs)
- China (5.0K pairs)
- Philippines (4.8K pairs)
- Mexico (4.5K pairs)
- Thailand (2.3K pairs)
- Panama (1.7K pairs)
- Singapore (1.5K pairs)
- Indonesia (1.4K pairs)
- South Korea (1.4K pairs)
- United Arab Emirates (1.1K pairs)
- Colombia (0.8K pairs)
- Canada (0.6K pairs)
- United Kingdom (0.5K pairs)
581
Global Knitted Gloves Market Report 2018. This report provides an in-depth analysis of the global knitted gloves market.
581
Global Knitted Gloves Market Report 2018. This report provides an in-depth analysis of the global knitted gloves market.
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