Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Canada - 2024
Contents:
- Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Canada (CIF) - 2024
- Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Canada (FOB) - 2024
- Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in Canada
- Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in Canada
Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Canada (CIF) - 2024
The average import price for gloves, mittens and mitts; knitted or crocheted stood at $21.0 per pair in March 2024, growing by 3.3% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2024 an increase of 15% against the previous month. The import price peaked at $23.5 per pair in July 2023; however, from August 2023 to March 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($32.6 per pair), while the price for Malaysia ($12.0 per pair) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Pakistan (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Canada (FOB) - 2024
In March 2024, the average export price for gloves, mittens and mitts; knitted or crocheted amounted to $28.3 per pair, stabilizing at the previous month. Over the period under review, the export price, however, saw a noticeable slump. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 12% month-to-month. As a result, the export price reached the peak level of $41.3 per pair. From July 2023 to March 2024, the the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In March 2024, the country with the highest price was the United States ($28.3 per pair), while the average price for exports to South Africa ($24.5 per pair) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (-2.0%), while the prices for the other major destinations experienced a decline.
Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in Canada
In 2022, imports of gloves, mittens and mitts; knitted or crocheted into Canada amounted to 91M pairs, with an increase of 9.5% compared with 2021 figures. The total import volume increased at an average annual rate of +6.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 11%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of gloves, mittens and mitts; knitted or crocheted surged to $195M in 2022. The total import value increased at an average annual rate of +10.8% 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 21%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Gloves, Mittens and Mitts; Knitted or Crocheted in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 82.9 | 76.4 | 99.1 | 118 | 12.5% |
| Vietnam | 16.8 | 16.7 | 15.8 | 25.5 | 14.9% |
| Sri Lanka | 8.0 | 8.3 | 10.2 | 10.6 | 9.8% |
| Pakistan | 6.1 | 5.9 | 4.8 | 7.0 | 4.7% |
| Malaysia | 4.3 | 5.4 | 5.1 | 5.4 | 7.9% |
| Bangladesh | 4.2 | 3.7 | 5.7 | 4.7 | 3.8% |
| United States | 3.8 | 3.7 | 3.5 | 2.8 | -9.7% |
| South Korea | 3.3 | 2.6 | 1.4 | 1.7 | -19.8% |
| Others | 13.9 | 11.1 | 15.8 | 19.0 | 11.0% |
| Total | 143 | 134 | 162 | 195 | 10.9% |
Top Suppliers of Gloves, Mittens and Mitts; Knitted or Crocheted to Canada in 2022:
- China (56.6M pairs)
- Vietnam (10.0M pairs)
- Pakistan (5.1M pairs)
- Sri Lanka (5.0M pairs)
- Malaysia (2.7M pairs)
- Bangladesh (2.6M pairs)
- United States (0.9M pairs)
- South Korea (0.8M pairs)
Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in Canada
In 2022, the amount of gloves, mittens and mitts; knitted or crocheted exported from Canada skyrocketed to 13M pairs, growing by 63% compared with the previous year. In general, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +11.0% 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 +81.2% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of gloves, mittens and mitts; knitted or crocheted rose markedly to $30M in 2022. The total export value increased at an average annual rate of +3.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Gloves, Mittens and Mitts; Knitted or Crocheted in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 25.7 | 20.2 | 24.6 | 28.5 | 3.5% |
| Argentina | 0.3 | N/A | 0.4 | 0.4 | 10.1% |
| Others | 1.1 | 1.1 | 2.0 | 1.0 | -3.1% |
| Total | 27.1 | 21.3 | 27.0 | 29.9 | 3.3% |
Top Export Markets for Gloves, Mittens and Mitts; Knitted or Crocheted from Canada in 2022:
- United States (12.1M pairs)
- Argentina (0.2M pairs)
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