Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Portugal - 2024
Contents:
- Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Portugal (FOB) - 2024
- Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Portugal (CIF) - 2024
- Exports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Portugal
- Imports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Portugal
Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Portugal (FOB) - 2024
The average export price for gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber stood at $1.4 per pair in April 2024, picking up by 31% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The export price peaked at $1.5 per pair in December 2023; however, from January 2024 to April 2024, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($2.8 per pair), while the average price for exports to Spain ($851 per thousand pairs) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Portugal (CIF) - 2024
In April 2024, the average import price for gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber amounted to $692 per thousand pairs, picking up by 17% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in June 2023 an increase of 43% month-to-month. As a result, import price reached the peak level of $923 per thousand pairs. From July 2023 to April 2024, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($2.1 per pair), while the price for China ($447 per thousand pairs) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Sri Lanka (+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 Portugal
For the fourth year in a row, Portugal recorded growth in overseas shipments of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber, which increased by 79% to 7.9M pairs in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 91%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber expanded rapidly to $26M in 2022. The total export value increased at an average annual rate of +4.6% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 11.8 | 13.2 | 11.4 | 14.2 | 6.4% |
| United States | 4.1 | 4.5 | 3.8 | 4.1 | 0.0% |
| Spain | 3.8 | 2.4 | 3.9 | 3.4 | -3.6% |
| Mexico | 0.9 | 0.7 | 1.5 | 2.0 | 30.5% |
| Colombia | 0.2 | 0.2 | 0.1 | 0.7 | 51.8% |
| Australia | 0.2 | 0.4 | 0.3 | 0.4 | 26.0% |
| Russia | 1.2 | 1.1 | 0.6 | 0.2 | -45.0% |
| Others | 0.9 | 1.4 | 1.7 | 1.4 | 15.9% |
| Total | 23.1 | 23.8 | 23.2 | 26.5 | 4.7% |
Top Export Markets for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber from Portugal in 2022:
- Belgium (4002.5K pairs)
- Spain (1829.1K pairs)
- United States (641.1K pairs)
- Mexico (441.8K pairs)
- Australia (256.5K pairs)
- Colombia (192.7K pairs)
- Russia (105.1K pairs)
Imports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Portugal
In 2022, imports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber into Portugal skyrocketed to 8M pairs, with an increase of 34% against 2021 figures. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 137% against the previous year. Over the period under review, imports of hit record highs 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 fell modestly to $18M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +8.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 43% against the previous year. As a result, imports reached the peak of $18M, and then dropped modestly in the following year.
| Import of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.1 | 3.5 | 5.4 | 5.4 | 9.6% |
| Spain | 2.4 | 2.4 | 3.3 | 3.7 | 15.5% |
| Belgium | 3.0 | 2.7 | 4.0 | 2.3 | -8.5% |
| Sri Lanka | 0.5 | 0.5 | 0.5 | 1.8 | 53.3% |
| Netherlands | 1.5 | 1.2 | 1.9 | 1.6 | 2.2% |
| France | 0.8 | 1.2 | 1.5 | 1.0 | 7.7% |
| Germany | 0.4 | 0.4 | 0.7 | 0.7 | 20.5% |
| Others | 1.1 | 0.8 | 0.9 | 1.3 | 5.7% |
| Total | 13.8 | 12.8 | 18.2 | 17.9 | 9.1% |
Top Suppliers of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber to Portugal in 2022:
- China (2135.3K pairs)
- Sri Lanka (1503.4K pairs)
- Spain (1372.9K pairs)
- Belgium (1290.5K pairs)
- Netherlands (738.2K pairs)
- Germany (225.4K pairs)
- France (212.3K pairs)
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This report provides an in-depth analysis of the knitted gloves market in Portugal.
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