Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in South Korea - 2022
Contents:
- Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in South Korea (CIF) - 2022
- Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in South Korea (FOB) - 2022
- Imports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in South Korea
- Exports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in South Korea
Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in South Korea (CIF) - 2022
The average import price for gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber stood at $4.3 per pair in December 2022, growing by 2.2% against the previous month. Over the period under review, the import price, however, showed a slight shrinkage. The pace of growth appeared the most rapid in May 2022 when the average import price increased by 7.7% m-o-m. As a result, import price reached the peak level of $5.0 per pair. From June 2022 to December 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was China ($7.7 per pair), while the price for Vietnam totaled $3.2 per pair.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-0.4%).
Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in South Korea (FOB) - 2022
In December 2022, the average export price for gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber amounted to $19.0 per pair, rising by 5.4% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in May 2022 when the average export price increased by 19% against the previous month. Over the period under review, the average export prices hit record highs at $20.5 per pair in March 2022; however, from April 2022 to December 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Belgium ($39.4 per pair), while the average price for exports to the Philippines ($3.1 per pair) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+5.8%), 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 South Korea
For the fourth year in a row, South Korea recorded growth in overseas purchases of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber, which increased by 4.2% to 21M pairs in 2022. The total import volume increased at an average annual rate of +11.0% over the period 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 18%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber rose sharply to $98M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.7% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 28% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
Import of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 44.1 | 45.3 | 54.8 | 57.5 | 9.2% |
China | 14.1 | 17.5 | 26.6 | 28.7 | 26.7% |
Others | 5.5 | 7.8 | 9.1 | 11.7 | 28.6% |
Total | 63.6 | 70.7 | 90.4 | 97.8 | 15.4% |
Top Suppliers of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber to South Korea in 2022:
- Vietnam (17.4M pairs)
- China (3.5M pairs)
Exports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in South Korea
For the third consecutive year, South Korea recorded decline in shipments abroad of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber, which decreased by -0.1% to 4.4M pairs in 2022. Over the period under review, exports saw a relatively flat trend pattern. Over the period under review, the exports of reached the maximum at 4.5M pairs in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber contracted to $84M in 2022. In general, exports showed a abrupt downturn. The smallest decline of -2.4% was in 2021. The exports peaked at $101M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 27.2 | 27.0 | 23.3 | 24.8 | -3.0% |
France | 11.2 | 11.3 | 9.0 | 9.5 | -5.3% |
Belgium | 13.0 | 10.7 | 9.3 | 6.9 | -19.0% |
Germany | 9.0 | 7.2 | 7.8 | 6.1 | -12.2% |
Japan | 8.2 | 5.3 | 5.0 | 4.6 | -17.5% |
Taiwan (Chinese) | 1.7 | 2.3 | 2.8 | 3.6 | 28.4% |
Netherlands | 1.7 | 1.7 | 2.3 | 2.5 | 13.7% |
Mexico | 2.3 | 2.3 | 2.9 | 2.4 | 1.4% |
Vietnam | 0.8 | 1.0 | 1.4 | 2.4 | 44.2% |
Finland | 3.1 | 2.8 | 2.9 | 2.3 | -9.5% |
United Kingdom | 3.2 | 2.4 | 2.4 | 1.5 | -22.3% |
Australia | 1.4 | 1.9 | 1.8 | 1.3 | -2.4% |
Mongolia | N/A | 0.1 | 0.6 | 0.7 | 164.6% |
Others | 17.8 | 15.9 | 18.2 | 15.7 | -4.1% |
Total | 101 | 91.9 | 89.7 | 84.4 | -5.8% |
Top Export Markets for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber from South Korea in 2022:
- United States (2174.0K pairs)
- France (281.4K pairs)
- Germany (214.0K pairs)
- Belgium (179.9K pairs)
- Japan (177.4K pairs)
- Mongolia (155.2K pairs)
- Vietnam (152.4K pairs)
- Netherlands (118.5K pairs)
- Taiwan (Chinese) (103.2K pairs)
- Mexico (85.8K pairs)
- Australia (61.0K pairs)
- Finland (60.2K pairs)
- United Kingdom (58.3K pairs)
This report provides an in-depth analysis of the market for gloves, mittens and mitts of knitted or crocheted textiles in Republic of Korea.
Global Knitted Gloves Market Report 2018. This report provides an in-depth analysis of the global knitted gloves market.
This report provides an in-depth analysis of the market for gloves, mittens and mitts of knitted or crocheted textiles in Republic of Korea.
Global Knitted Gloves Market Report 2018. This report provides an in-depth analysis of the global knitted gloves market.
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