Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Bangladesh - 2022

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.