Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Indonesia - 2022
Contents:
- Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Indonesia (FOB) - 2022
- Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Indonesia (CIF) - 2022
- Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in Indonesia
- Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in Indonesia
Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Indonesia (FOB) - 2022
In 2022, the average export price for gloves, mittens and mitts; knitted or crocheted amounted to $1.3 per pair, which is down by -4.3% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 13%. Over the period under review, the average export prices reached the peak figure at $1.7 per pair in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($3.8 per pair), while the average price for exports to Taiwan (Chinese) ($158 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 Korea (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Indonesia (CIF) - 2022
In 2022, the average import price for gloves, mittens and mitts; knitted or crocheted amounted to $704 per thousand pairs, with an increase of 6.4% against the previous year. Overall, the import price, however, showed a mild contraction. The pace of growth appeared the most rapid in 2014 when the average import price increased by 37%. Over the period under review, average import prices attained the peak figure at $1.4 per pair in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($2.1 per pair), while the price for China ($573 per thousand pairs) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in Indonesia
In 2022, shipments abroad of gloves, mittens and mitts; knitted or crocheted increased by 26% to 89M pairs for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +6.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed 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 skyrocketed to $116M in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Gloves, Mittens and Mitts; Knitted or Crocheted in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 33.9 | 29.8 | 32.9 | 47.8 | 12.1% |
| Japan | 21.7 | 18.9 | 17.3 | 19.6 | -3.3% |
| South Korea | 4.6 | 6.1 | 6.1 | 7.9 | 19.8% |
| Germany | 6.4 | 5.1 | 5.9 | 7.6 | 5.9% |
| Taiwan (Chinese) | 6.9 | 7.2 | 6.8 | 4.2 | -15.3% |
| Canada | 2.8 | 2.3 | 2.9 | 3.6 | 8.7% |
| Brazil | 0.9 | 0.7 | 1.8 | 0.6 | -12.6% |
| Bahrain | 0.4 | 0.3 | 0.3 | 0.3 | -9.1% |
| Others | 28.2 | 22.7 | 22.2 | 24.5 | -4.6% |
| Total | 106 | 93.0 | 96.1 | 116 | 3.1% |
Top Export Markets for Gloves, Mittens and Mitts; Knitted or Crocheted from Indonesia in 2022:
- Japan (29.3M pairs)
- Taiwan (Chinese) (26.4M pairs)
- United States (15.7M pairs)
- Germany (2.5M pairs)
- South Korea (2.1M pairs)
- Brazil (1.6M pairs)
- Canada (1.3M pairs)
- Bahrain (1.0M pairs)
Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in Indonesia
In 2022, approx. 11M pairs of gloves, mittens and mitts; knitted or crocheted were imported into Indonesia; dropping by -10.8% on the year before. The total import volume increased at an average annual rate of +1.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 20%. As a result, imports attained the peak of 12M pairs, and then dropped in the following year.
In value terms, imports of gloves, mittens and mitts; knitted or crocheted reduced to $7.6M in 2022. Over the period under review, imports recorded a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. Over the period under review, imports of hit record highs at $8.6M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Gloves, Mittens and Mitts; Knitted or Crocheted in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.9 | 4.6 | 6.0 | 5.7 | -1.1% |
| Vietnam | 0.4 | 0.3 | 0.5 | 0.4 | 0.0% |
| Malaysia | 0.5 | 0.3 | 0.3 | 0.2 | -26.3% |
| Sri Lanka | 0.5 | 0.4 | 0.3 | 0.2 | -26.3% |
| Others | 1.2 | 0.9 | 1.0 | 1.1 | -2.9% |
| Total | 8.6 | 6.6 | 8.0 | 7.6 | -4.0% |
Top Suppliers of Gloves, Mittens and Mitts; Knitted or Crocheted to Indonesia in 2022:
- China (10.0M pairs)
- Vietnam (0.2M pairs)
- Sri Lanka (0.1M pairs)
- Malaysia (0.1M pairs)
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