Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Belgium - 2024
Contents:
- Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Belgium (FOB) - 2024
- Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Belgium (CIF) - 2022
- Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in Belgium
- Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in Belgium
Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Belgium (FOB) - 2024
In April 2024, the average export price for gloves, mittens and mitts; knitted or crocheted amounted to $2.9 per pair, growing by 15% against the previous month. Over the period from April 2023 to April 2024, it increased at an average monthly rate of +2.8%. The most prominent rate of growth was recorded in February 2024 an increase of 42% against the previous month. Over the period under review, the average export prices attained the maximum in April 2024.
There were significant differences in the average prices for the major foreign markets. In April 2024, the country with the highest price was Switzerland ($5.2 per pair), while the average price for exports to South Africa ($1.0 per pair) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Belgium (CIF) - 2022
In 2022, the average import price for gloves, mittens and mitts; knitted or crocheted amounted to $1.8 per pair, with an increase of 24% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 30% against the previous year. Over the period under review, average import prices reached the peak figure at $1.9 per pair in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($2.2 per pair), while the price for Portugal ($1.5 per pair) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in Belgium
In 2022, the amount of gloves, mittens and mitts; knitted or crocheted exported from Belgium skyrocketed to 97M pairs, growing by 27% compared with 2021 figures. In general, exports recorded significant growth. The growth pace was the most rapid in 2020 when exports increased by 87% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of gloves, mittens and mitts; knitted or crocheted contracted modestly to $193M in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +13.7% 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 +47.0% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 39% against the previous year. Over the period under review, the exports of attained the peak figure at $199M in 2021, and then declined in the following year.
| Export of Gloves, Mittens and Mitts; Knitted or Crocheted in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 17.4 | 64.4 | 72.6 | 74.6 | 62.5% |
| Germany | 41.4 | 31.9 | 36.1 | 35.8 | -4.7% |
| Netherlands | 15.1 | 24.0 | 24.3 | 18.9 | 7.8% |
| Italy | 13.3 | 13.1 | 15.5 | 14.3 | 2.4% |
| Spain | 6.4 | 9.2 | 9.2 | 8.2 | 8.6% |
| Poland | 4.0 | 5.3 | 6.2 | 6.9 | 19.9% |
| Turkey | 2.1 | 3.0 | 3.2 | 3.8 | 21.9% |
| Czech Republic | 3.9 | 3.7 | 3.7 | 3.4 | -4.5% |
| Austria | 2.0 | 3.1 | 3.2 | 3.4 | 19.3% |
| Romania | 3.1 | 2.3 | 2.6 | 3.2 | 1.1% |
| Portugal | 3.1 | 2.5 | 2.9 | 2.5 | -6.9% |
| Others | 19.1 | 19.5 | 19.6 | 17.6 | -2.7% |
| Total | 131 | 182 | 199 | 193 | 13.8% |
Top Export Markets for Gloves, Mittens and Mitts; Knitted or Crocheted from Belgium in 2022:
- France (30.5M pairs)
- Germany (18.6M pairs)
- Netherlands (13.0M pairs)
- Italy (9.6M pairs)
- Spain (4.4M pairs)
- Poland (4.1M pairs)
- Romania (2.1M pairs)
- Portugal (2.1M pairs)
- Czech Republic (1.9M pairs)
- Turkey (1.7M pairs)
- Austria (1.6M pairs)
Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in Belgium
In 2022, purchases abroad of gloves, mittens and mitts; knitted or crocheted decreased by -45.9% to 99M pairs for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a abrupt decrease. The growth pace was the most rapid in 2020 when imports increased by 45% against the previous year. Imports peaked at 184M pairs in 2021, and then declined rapidly in the following year.
In value terms, imports of gloves, mittens and mitts; knitted or crocheted declined sharply to $174M in 2022. Overall, total imports indicated a temperate expansion from 2019 to 2022: its value increased at an average annual rate of +3.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 46%. Imports peaked at $261M in 2021, and then contracted sharply in the following year.
| Import of Gloves, Mittens and Mitts; Knitted or Crocheted in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 40.4 | 64.3 | 73.7 | 41.6 | 1.0% |
| Sri Lanka | 41.9 | 57.7 | 69.4 | 27.7 | -12.9% |
| Netherlands | 14.2 | 16.1 | 18.5 | 17.8 | 7.8% |
| India | 0.1 | 11.4 | 15.8 | 15.9 | 441.8% |
| Vietnam | 3.0 | 9.2 | 9.3 | 14.9 | 70.6% |
| Portugal | 15.7 | 16.2 | 11.8 | 10.4 | -12.8% |
| South Korea | 11.9 | 14.4 | 17.5 | 7.1 | -15.8% |
| Others | 28.1 | 37.9 | 44.6 | 38.9 | 11.5% |
| Total | 155 | 227 | 261 | 174 | 3.9% |
Top Suppliers of Gloves, Mittens and Mitts; Knitted or Crocheted to Belgium in 2022:
- China (28.3M pairs)
- Sri Lanka (13.6M pairs)
- Vietnam (10.0M pairs)
- Netherlands (9.7M pairs)
- India (9.5M pairs)
- Portugal (7.1M pairs)
- South Korea (4.8M pairs)
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This report provides an in-depth analysis of the knitted gloves market in Belgium.
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