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

Contents:

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

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

The average import price for gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber stood at $1.8 per pair in January 2024, dropping by -33.5% against the previous month. In general, the import price, however, continues to indicate a temperate increase. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 133% month-to-month. Over the period under review, average import prices reached the maximum at $2.7 per pair in October 2023; however, from November 2023 to January 2024, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Belgium ($3.6 per pair), while the price for Germany ($990 per thousand pairs) was amongst the lowest.

From March 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the Netherlands (+21.2%), 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 Luxembourg (FOB) - 2022

In 2022, the average export price for gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber amounted to $5.4 per pair, which is down by -34.7% against the previous year. In general, the export price faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 an increase of 51%. As a result, the export price reached the peak level of $28 per pair. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($20 per pair), while the average price for exports to Belgium ($4.8 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 Slovakia (-2.7%), while the prices for the other major destinations experienced a decline.

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

In 2022, approx. 706K pairs of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber were imported into Luxembourg; jumping by 76% against the previous year's figure. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 113%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, imports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber expanded rapidly to $2.6M in 2022. The total import value increased at an average annual rate of +10.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 17%. 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 Luxembourg in 2022:

1. Belgium (287.8K pairs)
2. Germany (248.6K pairs)
3. France (74.1K pairs)
4. Netherlands (48.2K pairs)
5. Austria (27.7K pairs)

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

For the fourth year in a row, Luxembourg recorded growth in overseas shipments of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber, which increased by 31% to 28K pairs in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 110% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber fell to $151K in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +9.6% 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 +31.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33%. As a result, the exports reached the peak of $177K, and then dropped in the following year.

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

1. Belgium (26.2K pairs)
2. France (1.5K pairs)

Source: IndexBox Market Intelligence Platform