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

Contents:

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

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

The average import price for gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber stood at $21 per pair in 2022, surging by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Malaysia ($21 per pair) and Vietnam ($21 per pair), while the price for Pakistan ($21 per pair) and Thailand ($21 per pair) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.3%), 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 New Zealand (FOB) - 2022

In 2022, the average export price for gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber amounted to $27 per pair, rising by 54% against the previous year. In general, the export price, however, recorded a sharp decline. The export price peaked at $369 per pair in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Cook Islands ($28 per pair) and Australia ($28 per pair), while the average price for exports to Samoa ($27 per pair) and Singapore ($27 per pair) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+0.8%), 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 New Zealand

In 2022, after three years of growth, there was significant decline in purchases abroad of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber, when their volume decreased by -13.3% to 462K pairs. The total import volume increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 26%. As a result, imports attained the peak of 532K pairs, and then fell in the following year.

In value terms, imports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber shrank modestly to $9.5M in 2022. The total import value increased at an average annual rate of +8.0% over the period from 2019 to 2022; 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 33% against the previous year. As a result, imports reached the peak of $9.8M, and then dropped slightly in the following year.

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

1. China (146.3K pairs)
2. Sri Lanka (92.1K pairs)
3. Pakistan (56.5K pairs)
4. South Korea (45.0K pairs)
5. Vietnam (31.3K pairs)
6. Malaysia (19.2K pairs)
7. Thailand (18.7K pairs)
8. Bangladesh (10.2K pairs)

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

In 2022, shipments abroad of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber decreased by -39.3% to 6.7K pairs, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2020 when exports increased by 48% against the previous year. As a result, the exports reached the peak of 15K pairs. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber dropped to $184K in 2022. In general, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 30% against the previous year. As a result, the exports attained the peak of $315K. 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 New Zealand in 2022:

1. Australia (5.0K pairs)
2. Fiji (0.5K pairs)
3. Singapore (0.4K pairs)
4. Samoa (0.3K pairs)
5. Cook Islands (0.2K pairs)

Source: IndexBox Market Intelligence Platform