Price for Gloves, Mittens and Mitts; Knitted or Crocheted in India - 2024

Price for Gloves, Mittens and Mitts; Knitted or Crocheted in India (FOB) - 2024

In April 2024, the average export price for gloves, mittens and mitts; knitted or crocheted amounted to $22.4 per pair, picking up by 2.8% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2023 an increase of 11% month-to-month. As a result, the export price reached the peak level of $23.5 per pair. From October 2023 to April 2024, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In April 2024, the country with the highest price was Turkey ($36.6 per pair), while the average price for exports to Canada ($8.4 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 New Zealand (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Gloves, Mittens and Mitts; Knitted or Crocheted in India (CIF) - 2024

The average import price for gloves, mittens and mitts; knitted or crocheted stood at $22.0 per pair in April 2024, standing approximately at the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 when the average import price increased by 4.8% month-to-month. As a result, import price reached the peak level of $22.4 per pair. From August 2023 to April 2024, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($38.2 per pair), while the price for China ($22.0 per pair) was amongst the lowest.

From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Indonesia (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in India

Exports of gloves, mittens and mitts; knitted or crocheted from India soared to 15M pairs in 2022, with an increase of 22% against 2021. The total export volume increased at an average annual rate of +4.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of gloves, mittens and mitts; knitted or crocheted contracted slightly to $40M in 2022. The total export value increased at an average annual rate of +6.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 40%. As a result, the exports attained the peak of $42M, and then shrank slightly in the following year.

Export of Gloves, Mittens and Mitts; Knitted or Crocheted in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belgium	9.2	8.2	19.3	17.5	23.9%
United States	3.6	2.7	4.5	5.3	13.8%
United Kingdom	1.9	1.8	2.0	2.8	13.8%
Spain	3.3	2.9	5.3	2.6	-7.6%
Netherlands	0.5	0.3	0.6	1.5	44.2%
Italy	1.0	1.5	1.4	1.5	14.5%
Germany	0.9	2.0	2.1	1.2	10.1%
France	7.0	5.3	0.5	0.9	-49.5%
Argentina	0.4	0.3	0.5	0.7	20.5%
Japan	0.4	0.4	0.4	0.5	7.7%
Others	5.3	4.6	5.3	5.9	3.6%
Total	33.6	30.0	42.1	40.4	6.3%

Top Export Markets for Gloves, Mittens and Mitts; Knitted or Crocheted from India in 2022:

Belgium (6.3M pairs)
United States (1.9M pairs)
United Kingdom (1.0M pairs)
Italy (0.8M pairs)
Spain (0.8M pairs)
Germany (0.5M pairs)
Japan (0.4M pairs)
Netherlands (0.3M pairs)
France (0.3M pairs)
Argentina (0.3M pairs)

Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in India

In 2022, imports of gloves, mittens and mitts; knitted or crocheted into India expanded modestly to 13M pairs, picking up by 2.1% compared with the year before. The total import volume increased at an average annual rate of +4.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of gloves, mittens and mitts; knitted or crocheted expanded notably to $28M in 2022. The total import value increased at an average annual rate of +9.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 31%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Import of Gloves, Mittens and Mitts; Knitted or Crocheted in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	16.7	16.1	19.4	21.9	9.5%
Indonesia	0.3	0.5	0.8	1.4	67.1%
Bangladesh	0.2	0.3	1.5	1.3	86.6%
Sri Lanka	1.0	0.7	1.8	1.3	9.1%
Vietnam	0.3	0.5	0.6	0.9	44.2%
Malaysia	0.6	0.6	0.3	0.6	0.0%
Others	2.5	0.9	1.3	0.8	-31.6%
Total	21.6	19.6	25.6	28.2	9.3%