Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Hong Kong SAR - 2024
Contents:
- Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Hong Kong SAR (CIF) - 2024
- Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Hong Kong SAR (FOB) - 2022
- Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in Hong Kong SAR
- Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in Hong Kong SAR
Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Hong Kong SAR (CIF) - 2024
The average import price for gloves, mittens and mitts; knitted or crocheted stood at $9.9 per pair in March 2024, with an increase of 29% against the previous month. Over the period under review, import price indicated buoyant growth from March 2023 to March 2024: its price increased at an average monthly rate of +6.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2024 figures, import price for gloves, mittens and mitts; knitted or crocheted increased by +45.0% against January 2024 indices. The growth pace was the most rapid in April 2023 when the average import price increased by 119% m-o-m. As a result, import price attained the peak level of $10.6 per pair. From May 2023 to March 2024, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($36.8 per pair), while the price for Cambodia ($3.8 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 China (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for gloves, mittens and mitts; knitted or crocheted amounted to $2.5 per pair, declining by -15.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2019 an increase of 18%. The export price peaked at $3 per pair in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($6.3 per pair), while the average price for exports to Macao SAR ($382 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 South Africa (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in purchases abroad of gloves, mittens and mitts; knitted or crocheted, which decreased by -24.9% to 14M pairs in 2022. Overall, imports saw a deep downturn. The smallest decline of -5.6% was in 2021. Imports peaked at 27M pairs in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of gloves, mittens and mitts; knitted or crocheted dropped sharply to $11M in 2022. Over the period under review, imports continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 1.7% against the previous year. Over the period under review, imports of hit record highs at $23M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Gloves, Mittens and Mitts; Knitted or Crocheted in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.2 | 6.1 | 6.3 | 4.0 | -37.3% |
| South Korea | 1.9 | 2.6 | 2.6 | 2.3 | 6.6% |
| Cambodia | 0.6 | 0.7 | 1.1 | 0.9 | 14.5% |
| Sri Lanka | 1.0 | 0.4 | 0.4 | 0.8 | -7.2% |
| Malaysia | 0.3 | 1.1 | 0.5 | 0.3 | 0.0% |
| Indonesia | 0.6 | 0.3 | 0.3 | 0.2 | -30.7% |
| Others | 2.0 | 2.0 | 2.3 | 2.1 | 1.6% |
| Total | 22.6 | 13.3 | 13.5 | 10.6 | -22.3% |
Top Suppliers of Gloves, Mittens and Mitts; Knitted or Crocheted to Hong Kong SAR in 2022:
- China (10.5M pairs)
- Cambodia (1.5M pairs)
- South Korea (0.9M pairs)
- Indonesia (0.3M pairs)
- Malaysia (0.3M pairs)
- Sri Lanka (0.2M pairs)
Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in Hong Kong SAR
In 2022, the amount of gloves, mittens and mitts; knitted or crocheted exported from Hong Kong SAR contracted significantly to 2.6M pairs, dropping by -26.2% on 2021 figures. Overall, exports continue to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 24%. Over the period under review, the exports of reached the maximum at 8.1M 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 contracted significantly to $6.5M in 2022. In general, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 22% against the previous year. The exports peaked at $23M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Gloves, Mittens and Mitts; Knitted or Crocheted in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10,729 | 2,638 | 2,888 | 1,843 | -44.4% |
| China | 2,274 | 847 | 425 | 871 | -27.4% |
| Canada | 960 | 1,020 | 1,599 | 606 | -14.2% |
| Philippines | 578 | 100 | 733 | 323 | -17.6% |
| United Kingdom | 2,071 | 598 | 575 | 233 | -51.7% |
| France | 807 | 580 | 508 | 205 | -36.7% |
| Mexico | 113 | 94.1 | 90.8 | 196 | 20.2% |
| Germany | 702 | 402 | 566 | 143 | -41.2% |
| Japan | 884 | 215 | 107 | 141 | -45.8% |
| Macao SAR | 242 | 170 | 158 | 129 | -18.9% |
| Netherlands | 505 | 381 | 476 | 123 | -37.5% |
| United Arab Emirates | 102 | 49.0 | 239 | 60.0 | -16.2% |
| Others | 3,475 | 1,430 | 2,058 | 1,592 | -22.9% |
| Total | 23,444 | 8,524 | 10,423 | 6,464 | -34.9% |
Top Export Markets for Gloves, Mittens and Mitts; Knitted or Crocheted from Hong Kong SAR in 2022:
- United States (1003.7K pairs)
- Macao SAR (337.9K pairs)
- China (276.7K pairs)
- United Kingdom (176.1K pairs)
- Canada (120.4K pairs)
- Philippines (82.4K pairs)
- Mexico (55.8K pairs)
- France (54.1K pairs)
- United Arab Emirates (38.0K pairs)
- Netherlands (25.3K pairs)
- Germany (24.5K pairs)
- Japan (22.5K pairs)
581
Global Knitted Gloves Market Report 2018. This report provides an in-depth analysis of the global knitted gloves market.
581
Global Knitted Gloves Market Report 2018. This report provides an in-depth analysis of the global knitted gloves market.
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