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

Contents:

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

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

In 2022, the average import price for gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber amounted to $21 per pair, growing by 13% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. 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 Thailand ($21 per pair) and Malaysia ($21 per pair), while the price for Pakistan ($21 per pair) and Germany ($21 per pair) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+1.4%), 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 Singapore (FOB) - 2022

The average export price for gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber stood at $21 per pair in 2022, surging by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2013 an increase of 27%. Over the period under review, the average export prices hit record highs at $26 per pair in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Russia ($21 per pair) and Australia ($21 per pair), while the average price for exports to the Philippines ($21 per pair) and Brunei Darussalam ($21 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 Turkey (+1.7%), 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 Singapore

In 2022, approx. 443K pairs of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber were imported into Singapore; with a decrease of -22.7% against 2021. Overall, imports showed a pronounced decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 21%. As a result, imports reached the peak of 572K pairs, and then fell dramatically in the following year.

In value terms, imports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber reduced to $9.2M in 2022. The total import value increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 29%. As a result, imports attained the peak of $11M, and then dropped in the following year.

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

1. China (192.8K pairs)
2. Malaysia (80.8K pairs)
3. Thailand (40.1K pairs)
4. Sri Lanka (27.5K pairs)
5. Pakistan (21.2K pairs)
6. Vietnam (13.5K pairs)
7. Indonesia (11.3K pairs)
8. South Korea (10.0K pairs)
9. Germany (8.2K pairs)

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

In 2022, shipments abroad of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber decreased by -41.7% to 137K pairs, falling for the second consecutive year after two years of growth. Overall, exports, however, continue to indicate a temperate increase. The growth pace was the most rapid in 2020 with an increase of 436%. As a result, the exports reached the peak of 659K 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 declined notably to $2.9M in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 456% against the previous year. As a result, the exports attained the peak of $16M. 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 Singapore in 2022:

1. Indonesia (26.2K pairs)
2. Australia (20.0K pairs)
3. Thailand (15.9K pairs)
4. Malaysia (11.4K pairs)
5. New Zealand (10.6K pairs)
6. South Africa (7.4K pairs)
7. Norway (4.7K pairs)
8. France (4.1K pairs)
9. Russia (3.9K pairs)
10. China (2.8K pairs)
11. Brunei Darussalam (2.5K pairs)
12. Philippines (2.4K pairs)
13. Turkey (2.1K pairs)

Source: IndexBox Market Intelligence Platform