Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Finland - 2024
Contents:
- Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Finland (CIF) - 2022
- Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Finland (FOB) - 2024
- Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in Finland
- Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in Finland
Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Finland (CIF) - 2022
In 2022, the average import price for gloves, mittens and mitts; knitted or crocheted amounted to $1.3 per pair, rising by 4.9% against the previous year. Over the period under review, the import price, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 8.4%. The import price peaked at $2.4 per pair in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($2.3 per pair), while the price for Pakistan ($716 per thousand pairs) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.5%), while the prices for the other major suppliers experienced a decline.
Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Finland (FOB) - 2024
In April 2024, the average export price for gloves, mittens and mitts; knitted or crocheted amounted to $4.8 per pair, growing by 9.6% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 127% against the previous month. Over the period under review, the average export prices attained the maximum at $14.7 per pair in February 2024; however, from March 2024 to April 2024, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In April 2024, the country with the highest price was the United States ($20.6 per pair), while the average price for exports to Thailand ($625 per thousand pairs) 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 France (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in Finland
For the fourth year in a row, Finland recorded growth in supplies from abroad of gloves, mittens and mitts; knitted or crocheted, which increased by 10% to 30M pairs in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +18.1% 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 +64.7% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 46% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of gloves, mittens and mitts; knitted or crocheted soared to $40M in 2022. The total import value increased at an average annual rate of +8.7% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Gloves, Mittens and Mitts; Knitted or Crocheted in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.4 | 9.3 | 10.7 | 13.0 | -5.5% |
| Sweden | 1.3 | 9.4 | 10.0 | 10.2 | 98.7% |
| Sri Lanka | 5.2 | 2.2 | 2.4 | 3.2 | -14.9% |
| South Korea | 3.3 | 2.9 | 2.9 | 3.0 | -3.1% |
| Germany | 0.8 | 2.5 | 2.1 | 2.5 | 46.2% |
| Pakistan | 1.8 | 1.3 | 1.5 | 1.4 | -8.0% |
| Denmark | 0.1 | 1.3 | 0.5 | 0.6 | 81.7% |
| Others | 3.3 | 4.5 | 4.6 | 6.2 | 23.4% |
| Total | 31.3 | 33.3 | 34.6 | 40.1 | 8.6% |
Top Suppliers of Gloves, Mittens and Mitts; Knitted or Crocheted to Finland in 2022:
- China (13.0M pairs)
- Sweden (5.5M pairs)
- Sri Lanka (2.7M pairs)
- South Korea (2.5M pairs)
- Pakistan (1.9M pairs)
- Germany (1.1M pairs)
- Denmark (0.5M pairs)
Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in Finland
In 2022, exports of gloves, mittens and mitts; knitted or crocheted from Finland reached 834K pairs, surging by 5% compared with the previous year's figure. Overall, exports, however, showed a relatively flat trend pattern. The exports peaked at 837K pairs in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of gloves, mittens and mitts; knitted or crocheted dropped to $2.7M in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 16%. As a result, the exports attained the peak of $2.9M, and then shrank in the following year.
| Export of Gloves, Mittens and Mitts; Knitted or Crocheted in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1,098 | 1,070 | 1,123 | 891 | -6.7% |
| Estonia | 718 | 682 | 720 | 733 | 0.7% |
| Latvia | 87.0 | 67.2 | 114 | 167 | 24.3% |
| Sweden | 264 | 137 | 196 | 157 | -15.9% |
| France | 34.5 | 71.8 | 90.3 | 107 | 45.8% |
| Norway | 82.9 | 146 | 105 | 101 | 6.8% |
| Lithuania | 34.6 | 38.1 | 35.7 | 53.3 | 15.5% |
| Others | 300 | 329 | 552 | 458 | 15.1% |
| Total | 2,620 | 2,542 | 2,936 | 2,667 | 0.6% |
Top Export Markets for Gloves, Mittens and Mitts; Knitted or Crocheted from Finland in 2022:
- Estonia (395.5K pairs)
- Russia (137.9K pairs)
- Latvia (72.5K pairs)
- Sweden (51.7K pairs)
- Lithuania (37.8K pairs)
- Norway (35.5K pairs)
- France (21.2K pairs)
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