Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Australia - 2024
Contents:
- Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Australia (CIF) - 2024
- Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Australia (FOB) - 2024
- Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in Australia
- Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in Australia
Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Australia (CIF) - 2024
The average import price for gloves, mittens and mitts; knitted or crocheted stood at $21.2 per pair in May 2024, remaining constant against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 10% month-to-month. As a result, import price attained the peak level of $21.5 per pair. From August 2023 to May 2024, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In May 2024, the countries with the highest prices were Vietnam ($28.6 per pair) and South Korea ($22.6 per pair), while the price for Pakistan ($19.5 per pair) and China ($20.4 per pair) were amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by Vietnam (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Australia (FOB) - 2024
The average export price for gloves, mittens and mitts; knitted or crocheted stood at $25.7 per pair in May 2024, jumping by 18% against the previous month. Overall, the export price, however, saw a pronounced descent. The most prominent rate of growth was recorded in February 2024 when the average export price increased by 47% against the previous month. The export price peaked at $35.3 per pair in May 2023; however, from June 2023 to May 2024, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In May 2024, the country with the highest price was Singapore ($88.8 per pair), while the average price for exports to New Zealand ($22.2 per pair) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in Australia
Imports of gloves, mittens and mitts; knitted or crocheted into Australia totaled 46M pairs in 2022, surging by 2.2% compared with the year before. The total import volume increased at an average annual rate of +4.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 12%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of gloves, mittens and mitts; knitted or crocheted expanded significantly to $88M in 2022. The total import value increased at an average annual rate of +8.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 23%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Gloves, Mittens and Mitts; Knitted or Crocheted in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 32.9 | 34.5 | 39.9 | 49.7 | 14.7% |
| Sri Lanka | 22.7 | 17.4 | 24.8 | 22.5 | -0.3% |
| Pakistan | 2.5 | 3.0 | 4.8 | 4.0 | 17.0% |
| Vietnam | 3.1 | 2.6 | 3.1 | 2.7 | -4.5% |
| South Korea | 1.4 | 2.1 | 1.8 | 2.2 | 16.3% |
| Malaysia | 0.4 | 1.9 | 1.9 | 0.7 | 20.5% |
| Others | 5.1 | 4.6 | 5.4 | 6.1 | 6.1% |
| Total | 68.1 | 66.1 | 81.6 | 87.8 | 8.8% |
Top Suppliers of Gloves, Mittens and Mitts; Knitted or Crocheted to Australia in 2022:
- China (26.9M pairs)
- Sri Lanka (11.0M pairs)
- Pakistan (2.5M pairs)
- Vietnam (1.0M pairs)
- South Korea (1.0M pairs)
- Malaysia (0.4M pairs)
Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in Australia
In 2022, exports of gloves, mittens and mitts; knitted or crocheted from Australia reduced dramatically to 818K pairs, dropping by -80.3% on the previous year. In general, exports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2021 when exports increased by 800% against the previous year. As a result, the exports attained the peak of 4.1M pairs, and then declined sharply in the following year.
In value terms, exports of gloves, mittens and mitts; knitted or crocheted dropped markedly to $2.2M in 2022. Over the period under review, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 390%. As a result, the exports reached the peak of $7.5M, and then fell sharply in the following year.
| Export of Gloves, Mittens and Mitts; Knitted or Crocheted in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 557 | 403 | 1,251 | 787 | 12.2% |
| Singapore | 102 | 147 | 122 | 216 | 28.4% |
| Belgium | 6.7 | 0.2 | 46.2 | 209 | 214.8% |
| Ghana | 21.2 | 57.8 | 37.0 | 163 | 97.4% |
| Papua New Guinea | 179 | 200 | 116 | 155 | -4.7% |
| United States | 64.4 | 112 | 71.5 | 122 | 23.7% |
| China | 2.5 | 151 | 26.9 | 111 | 254.1% |
| Malaysia | 1.5 | 40.7 | 4,777 | 80.5 | 277.2% |
| Cote d'Ivoire | 6.3 | 2.1 | 600 | 71.9 | 125.1% |
| Indonesia | 188 | 69.8 | 198 | 42.3 | -39.2% |
| Others | 336 | 347 | 255 | 255 | -8.8% |
| Total | 1,464 | 1,531 | 7,501 | 2,212 | 14.7% |
Top Export Markets for Gloves, Mittens and Mitts; Knitted or Crocheted from Australia in 2022:
- New Zealand (289.6K pairs)
- Singapore (78.2K pairs)
- Belgium (76.7K pairs)
- Papua New Guinea (59.3K pairs)
- Ghana (59.2K pairs)
- United States (53.5K pairs)
- China (40.9K pairs)
- Malaysia (28.4K pairs)
- Cote d'Ivoire (26.9K pairs)
- Indonesia (15.5K pairs)
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This report provides an in-depth analysis of the knitted gloves market in Australia.
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This report provides an in-depth analysis of the knitted gloves market in Australia.
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