Price for Gloves, Mittens and Mitts; Knitted or Crocheted in China - 2024
Contents:
- Price for Gloves, Mittens and Mitts; Knitted or Crocheted in China (FOB) - 2024
- Price for Gloves, Mittens and Mitts; Knitted or Crocheted in China (CIF) - 2024
- Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in China
- Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in China
Price for Gloves, Mittens and Mitts; Knitted or Crocheted in China (FOB) - 2024
The average export price for gloves, mittens and mitts; knitted or crocheted stood at $406 per thousand pairs in May 2024, with an increase of 6.8% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The export price peaked at $506 per thousand pairs in August 2023; however, from September 2023 to May 2024, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In May 2024, the country with the highest price was the United States ($843 per thousand pairs), while the average price for exports to Vietnam ($130 per thousand pairs) 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 Malaysia (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Gloves, Mittens and Mitts; Knitted or Crocheted in China (CIF) - 2024
In May 2024, the average import price for gloves, mittens and mitts; knitted or crocheted amounted to $940 per thousand pairs, shrinking by -21.5% against the previous month. Over the period under review, the import price continues to indicate a abrupt setback. The growth pace was the most rapid in August 2023 an increase of 258% against the previous month. As a result, import price attained the peak level of $3.2 per pair. From September 2023 to May 2024, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In May 2024, the country with the highest price was Cambodia ($8.7 per pair), while the price for Malaysia ($215 per thousand pairs) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by Japan (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in China
In 2022, exports of gloves, mittens and mitts; knitted or crocheted from China rose modestly to 6.6B pairs, picking up by 3.2% against 2021. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 59% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of gloves, mittens and mitts; knitted or crocheted rose significantly to $3.3B in 2022. The total export value increased at an average annual rate of +5.1% over the period 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 20%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.
Export of Gloves, Mittens and Mitts; Knitted or Crocheted in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 608 | 546 | 606 | 685 | 4.1% |
Japan | 267 | 258 | 269 | 284 | 2.1% |
Germany | 142 | 127 | 171 | 177 | 7.6% |
South Korea | 143 | 122 | 148 | 170 | 5.9% |
Russia | 95.9 | 72.2 | 99.1 | 157 | 17.9% |
United Kingdom | 108 | 94.4 | 121 | 119 | 3.3% |
Poland | 83.7 | 75.2 | 94.8 | 108 | 8.9% |
France | 77.7 | 78.1 | 90.3 | 94.8 | 6.9% |
Canada | 65.5 | 64.2 | 73.2 | 83.5 | 8.4% |
Brazil | 51.6 | 39.1 | 63.9 | 68.4 | 9.9% |
India | 79.3 | 74.3 | 56.2 | 65.4 | -6.2% |
Vietnam | 38.5 | 37.0 | 45.1 | 54.2 | 12.1% |
Saudi Arabia | 31.3 | 36.9 | 31.5 | 41.3 | 9.7% |
Others | 1,067 | 833 | 1,072 | 1,212 | 4.3% |
Total | 2,858 | 2,457 | 2,941 | 3,319 | 5.1% |
Top Export Markets for Gloves, Mittens and Mitts; Knitted or Crocheted from China in 2022:
- United States (868.1M pairs)
- Japan (844.1M pairs)
- South Korea (593.0M pairs)
- Poland (355.0M pairs)
- Germany (272.2M pairs)
- Vietnam (201.5M pairs)
- United Kingdom (186.7M pairs)
- India (183.9M pairs)
- Brazil (174.7M pairs)
- Russia (169.7M pairs)
- France (152.9M pairs)
- Saudi Arabia (137.3M pairs)
- Canada (125.1M pairs)
Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in China
For the fourth year in a row, China recorded growth in supplies from abroad of gloves, mittens and mitts; knitted or crocheted, which increased by 33% to 14M pairs in 2022. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +23.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of gloves, mittens and mitts; knitted or crocheted totaled $24M in 2022. The total import value increased at an average annual rate of +8.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 30% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
Import of Gloves, Mittens and Mitts; Knitted or Crocheted in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 4.6 | 5.1 | 7.5 | 7.8 | 19.2% |
Sri Lanka | 2.0 | 1.3 | 1.9 | 2.3 | 4.8% |
South Korea | 1.7 | 1.9 | 2.4 | 2.2 | 9.0% |
Cambodia | 0.5 | 0.8 | 2.6 | 2.0 | 58.7% |
Indonesia | 2.5 | 1.4 | 0.8 | 1.7 | -12.1% |
Pakistan | 0.7 | 0.6 | 0.7 | 1.1 | 16.3% |
United States | 0.5 | 0.4 | 0.5 | 0.8 | 17.0% |
Malaysia | 1.0 | 0.7 | 0.7 | 0.8 | -7.2% |
Japan | 2.4 | 1.0 | 0.6 | 0.7 | -33.7% |
Bangladesh | 0.4 | 0.1 | 0.2 | 0.4 | 0.0% |
Others | 2.4 | 4.1 | 4.7 | 3.8 | 16.6% |
Total | 18.6 | 17.4 | 22.6 | 23.6 | 8.3% |
Top Suppliers of Gloves, Mittens and Mitts; Knitted or Crocheted to China in 2022:
- Vietnam (4.1M pairs)
- South Korea (2.6M pairs)
- Sri Lanka (2.4M pairs)
- Malaysia (0.8M pairs)
- Bangladesh (0.7M pairs)
- Pakistan (0.6M pairs)
- Indonesia (0.4M pairs)
- Cambodia (0.4M pairs)
- Japan (0.4M pairs)
- United States (0.2M pairs)
This report provides an in-depth analysis of the knitted gloves market in China.
Global Knitted Gloves Market Report 2018. This report provides an in-depth analysis of the global knitted gloves market.
This report provides an in-depth analysis of the knitted gloves market in China.
Global Knitted Gloves Market Report 2018. This report provides an in-depth analysis of the global knitted gloves market.
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