Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Pakistan - 2023
Contents:
- Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Pakistan (FOB) - 2023
- Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Pakistan (CIF) - 2022
- Exports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Pakistan
- Imports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Pakistan
Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Pakistan (FOB) - 2023
The average export price for gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber stood at $24.5 per pair in December 2023, standing approximately at the previous month. Over the period under review, the export price recorded a mild downturn. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 11% against the previous month. Over the period under review, the average export prices hit record highs at $30.6 per pair in May 2023; however, from June 2023 to December 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In December 2023, the countries with the highest prices were Sweden ($24.5 per pair) and Russia ($24.5 per pair), while the average price for exports to the United Arab Emirates ($24.5 per pair) and France ($24.5 per pair) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (-1.0%), while the prices for the other major destinations experienced a decline.
Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Pakistan (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, increasing by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2019 when the average import price increased by 54% against the previous year. As a result, import price attained the peak level of $22 per pair. From 2020 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Sweden ($21 per pair) and the United Arab Emirates ($21 per pair), while the price for Sri Lanka ($20 per pair) and Spain ($21 per pair) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Pakistan
In 2022, approx. 11M pairs of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber were exported from Pakistan; surging by 29% compared with the previous year's figure. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.7% 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 +80.1% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber fell modestly to $230M in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +16.7% 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 +59.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 39%. The exports peaked at $237M in 2021, and then contracted modestly in the following year.
| Export of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 41.9 | 63.9 | 78.4 | 59.9 | 12.7% |
| Germany | 10.2 | 24.7 | 30.7 | 32.4 | 47.0% |
| Netherlands | 13.3 | 16.7 | 19.0 | 17.3 | 9.2% |
| United Kingdom | 14.3 | 16.9 | 20.7 | 16.6 | 5.1% |
| Spain | 4.3 | 4.4 | 5.9 | 10.6 | 35.1% |
| France | 4.4 | 4.1 | 5.9 | 9.5 | 29.2% |
| Belgium | 3.2 | 7.8 | 8.7 | 7.0 | 29.8% |
| Italy | 4.1 | 5.3 | 6.1 | 6.6 | 17.2% |
| Canada | 2.7 | 4.5 | 4.3 | 5.9 | 29.8% |
| Australia | 3.0 | 4.9 | 5.2 | 4.9 | 17.8% |
| Sweden | 4.4 | 5.8 | 5.1 | 4.7 | 2.2% |
| United Arab Emirates | 0.6 | 2.0 | 2.2 | 3.4 | 78.3% |
| Russia | 4.6 | 4.8 | 4.8 | 1.7 | -28.2% |
| Others | 33.3 | 34.6 | 40.1 | 49.1 | 13.8% |
| Total | 144 | 200 | 237 | 230 | 16.9% |
Top Export Markets for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber from Pakistan in 2022:
- United States (2822.2K pairs)
- Germany (1525.2K pairs)
- Netherlands (816.1K pairs)
- United Kingdom (780.9K pairs)
- Spain (498.8K pairs)
- France (449.0K pairs)
- Belgium (330.7K pairs)
- Italy (311.6K pairs)
- Canada (277.7K pairs)
- Australia (231.7K pairs)
- Sweden (221.0K pairs)
- United Arab Emirates (162.4K pairs)
- Russia (78.2K pairs)
Imports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Pakistan
In 2022, approx. 21K pairs of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber were imported into Pakistan; jumping by 79% on the previous year's figure. In general, imports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 313% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber surged to $435K in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 266% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.8 | 12.6 | 26.4 | 259 | 586.7% |
| China | 38.8 | 21.9 | 57.6 | 119 | 45.3% |
| France | N/A | 1.5 | N/A | 17.4 | 240.6% |
| Japan | N/A | 2.1 | N/A | 12.8 | 146.9% |
| Spain | 6.0 | N/A | 2.1 | 9.4 | 16.1% |
| Sweden | N/A | N/A | N/A | 8.3 | 0% |
| United Arab Emirates | 151 | 4.1 | 32.6 | 5.1 | -67.7% |
| Russia | N/A | N/A | 65.7 | N/A | 0% |
| Italy | N/A | N/A | 25.4 | N/A | 0% |
| Others | 35.2 | 17.6 | 8.8 | 3.9 | -52.0% |
| Total | 232 | 59.8 | 219 | 435 | 23.3% |
Top Suppliers of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber to Pakistan in 2022:
- United States (12.5K pairs)
- China (5.7K pairs)
- France (0.8K pairs)
- Japan (0.6K pairs)
- Spain (0.5K pairs)
- Sweden (0.4K pairs)
- United Arab Emirates (0.2K pairs)
312
This report provides an in-depth analysis of the knitted gloves market in Pakistan.
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Global Knitted Gloves Market Report 2018. This report provides an in-depth analysis of the global knitted gloves market.
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This report provides an in-depth analysis of the knitted gloves market in Pakistan.
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Global Knitted Gloves Market Report 2018. This report provides an in-depth analysis of the global knitted gloves market.
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