Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Vietnam - 2022
Contents:
- Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Vietnam (FOB) - 2022
- Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Vietnam (CIF) - 2022
- Exports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Vietnam
- Imports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Vietnam
Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Vietnam (FOB) - 2022
The average export price for gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber stood at $10 per pair in 2022, with an increase of 16% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $12 per pair in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($28 per pair), while the average price for exports to South Korea ($3.3 per pair) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+3.9%), 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 Vietnam (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 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +6.1%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 51%. The import price peaked in 2022 and is expected to retain 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 China ($21 per pair) and Germany ($21 per pair), while the price for Malaysia ($21 per pair) and the Philippines ($21 per pair) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.4%), 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 Vietnam
In 2022, approx. 26M pairs of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber were exported from Vietnam; picking up by 12% against the previous year. The total export volume increased at an average annual rate of +7.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained 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 soared to $259M in 2022. The total export value increased at an average annual rate of +10.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached 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 Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 51.2 | 56.2 | 44.0 | 69.1 | 10.5% |
| South Korea | 44.1 | 45.3 | 54.8 | 57.6 | 9.3% |
| Japan | 33.8 | 33.0 | 29.5 | 38.1 | 4.1% |
| Netherlands | 9.8 | 9.0 | 10.8 | 13.5 | 11.3% |
| Canada | 7.6 | 6.9 | 7.4 | 12.5 | 18.0% |
| Belgium | 2.7 | 7.4 | 6.2 | 9.6 | 52.6% |
| Others | 42.2 | 41.3 | 45.6 | 58.3 | 11.4% |
| Total | 191 | 199 | 198 | 259 | 10.7% |
Top Export Markets for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber from Vietnam in 2022:
- South Korea (17.4M pairs)
- United States (2.6M pairs)
- Japan (1.9M pairs)
- Canada (0.6M pairs)
- Netherlands (0.5M pairs)
- Belgium (0.4M pairs)
Imports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Vietnam
Imports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber into Vietnam surged to 509K pairs in 2022, growing by 27% on 2021 figures. Overall, imports showed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 61%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber surged to $11M in 2022. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 67% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.3 | 2.9 | 5.4 | 7.0 | 28.5% |
| South Korea | 0.9 | 1.0 | 1.3 | 2.4 | 38.7% |
| Philippines | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Malaysia | 0.3 | 0.2 | 0.1 | 0.2 | -12.6% |
| Others | 0.5 | 0.2 | 0.4 | 0.8 | 17.0% |
| Total | 5.1 | 4.4 | 7.4 | 10.6 | 27.6% |
Top Suppliers of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber to Vietnam in 2022:
- China (335.8K pairs)
- South Korea (114.0K pairs)
- Philippines (13.2K pairs)
- Malaysia (8.8K pairs)
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