Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Bangladesh - 2022
Contents:
- Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Bangladesh (FOB) - 2022
- Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Bangladesh (CIF) - 2022
- Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in Bangladesh
- Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in Bangladesh
Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Bangladesh (FOB) - 2022
In 2022, the average export price for gloves, mittens and mitts; knitted or crocheted amounted to $979 per thousand pairs, surging by 18% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. Over the period under review, the average export prices attained the maximum at $1.1 per pair in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($2.1 per pair), while the average price for exports to Peru ($410 per thousand pairs) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Bangladesh (CIF) - 2022
The average import price for gloves, mittens and mitts; knitted or crocheted stood at $848 per thousand pairs in 2022, falling by -1.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2014 an increase of 30% against the previous year. Over the period under review, average import prices reached the peak figure at $1.1 per pair in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Pakistan ($1.3 per pair), while the price for China stood at $752 per thousand pairs.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+3.9%).
Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in Bangladesh
In 2022, overseas shipments of gloves, mittens and mitts; knitted or crocheted decreased by -14.9% to 48M pairs for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +13.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +44.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 57%. As a result, the exports attained the peak of 57M pairs, and then fell in the following year.
In value terms, exports of gloves, mittens and mitts; knitted or crocheted reached $47M in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 40%. The exports peaked in 2022 and are likely to see steady growth in years to come.
Export of Gloves, Mittens and Mitts; Knitted or Crocheted in Bangladesh (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 10.2 | 10.4 | 15.5 | 14.3 | 11.9% |
Japan | 4.1 | 3.9 | 4.5 | 5.7 | 11.6% |
Canada | 4.2 | 3.7 | 5.7 | 4.7 | 3.8% |
Germany | 3.4 | 3.3 | 4.6 | 3.7 | 2.9% |
United Kingdom | 2.1 | 1.8 | 3.5 | 2.3 | 3.1% |
France | 2.2 | 1.4 | 1.9 | 2.0 | -3.1% |
South Korea | 0.3 | 0.3 | 1.2 | 1.7 | 78.3% |
Spain | 0.8 | 0.7 | 1.0 | 0.8 | 0.0% |
Netherlands | 0.5 | 0.4 | 0.7 | 0.7 | 11.9% |
United Arab Emirates | 0.3 | 0.3 | 0.2 | 0.6 | 26.0% |
Peru | 0.4 | 0.3 | 0.1 | 0.4 | 0.0% |
Russia | 1.2 | 1.5 | 1.3 | N/A | 4.1% |
Others | 6.5 | 5.6 | 6.8 | 10.3 | 16.6% |
Total | 36.3 | 33.7 | 47.2 | 47.2 | 9.1% |
Top Export Markets for Gloves, Mittens and Mitts; Knitted or Crocheted from Bangladesh in 2022:
- United States (19.4M pairs)
- United Kingdom (5.1M pairs)
- Japan (4.1M pairs)
- Germany (3.0M pairs)
- Canada (2.6M pairs)
- France (2.3M pairs)
- Peru (1.1M pairs)
- South Korea (1.1M pairs)
- United Arab Emirates (1.0M pairs)
- Netherlands (0.9M pairs)
- Spain (0.7M pairs)
Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in Bangladesh
In 2022, approx. 4.2M pairs of gloves, mittens and mitts; knitted or crocheted were imported into Bangladesh; with a decrease of -20.3% against 2021 figures. Overall, imports showed a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by 3.4% against the previous year. Over the period under review, imports of hit record highs at 5.5M pairs in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of gloves, mittens and mitts; knitted or crocheted fell notably to $3.6M in 2022. In general, imports recorded a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. As a result, imports reached the peak of $4.6M, and then plummeted in the following year.
Import of Gloves, Mittens and Mitts; Knitted or Crocheted in Bangladesh (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 3.3 | 3.0 | 3.5 | 2.7 | -6.5% |
Pakistan | 1.1 | 0.5 | 1.0 | 0.8 | -10.1% |
Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
Total | 4.5 | 3.7 | 4.6 | 3.6 | -7.2% |
Top Suppliers of Gloves, Mittens and Mitts; Knitted or Crocheted to Bangladesh in 2022:
- China (3.5M pairs)
- Pakistan (0.7M pairs)
Global Knitted Gloves Market Report 2018. This report provides an in-depth analysis of the global knitted gloves market.
Global Knitted Gloves Market Report 2018. This report provides an in-depth analysis of the global knitted gloves market.
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