Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Kenya - 2023

Contents:

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

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

In 2022, the average import price for gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber amounted to $6.8 per pair, which is down by -20.8% against the previous year. Overall, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when the average import price increased by 59%. The import price peaked at $17 per pair in 2013; however, from 2014 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 Pakistan ($34 per pair), while the price for China ($5.4 per pair) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+13.3%), 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 Kenya (FOB) - 2022

The average export price for gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber stood at $20 per pair in 2022, reducing by -24.7% against the previous year. In general, the export price, however, recorded slight growth. The pace of growth was the most pronounced in 2018 an increase of 115%. The export price peaked at $27 per pair in 2021, and then fell dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ethiopia ($25 per pair), while the average price for exports to France ($8 per pair) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (+19.5%), 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 Kenya

For the fourth year in a row, Kenya recorded growth in supplies from abroad of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber, which increased by 22% to 65K pairs in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +19.1% 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 +68.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 30% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber declined to $444K in 2022. The total import value increased at an average annual rate of +1.7% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. As a result, imports attained the peak of $460K, and then fell in the following year.

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

1. China (53.2K pairs)
2. Sri Lanka (4.8K pairs)
3. Vietnam (2.4K pairs)
4. United States (1.5K pairs)
5. Malaysia (1.4K pairs)
6. United Kingdom (0.5K pairs)
7. Pakistan (0.2K pairs)

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

Exports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber from Kenya surged to 505 pairs in 2022, with an increase of 104% against 2021. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 2,257%. As a result, the exports attained the peak of 1.1K pairs. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber surged to $10K in 2022. Overall, exports posted significant growth. The growth pace was the most rapid in 2020 when exports increased by 1,708% against the previous year. As a result, the exports attained the peak of $20K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. Ethiopia (218.0 pairs)
2. France (73.0 pairs)
3. South Sudan (45.0 pairs)
4. Uganda (35.0 pairs)

Source: IndexBox Market Intelligence Platform