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

Contents:

1. Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Israel (CIF) - 2024
2. Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Israel (FOB) - 2024
3. Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in Israel
4. Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in Israel

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

In May 2024, the average import price for gloves, mittens and mitts; knitted or crocheted amounted to $16.6 per pair, surging by 5.3% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 when the average import price increased by 39% month-to-month. As a result, import price attained the peak level of $24.1 per pair. From July 2023 to May 2024, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In May 2024, the country with the highest price was China ($23.2 per pair), while the price for Pakistan ($8.8 per pair) was amongst the lowest.

From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by China (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for gloves, mittens and mitts; knitted or crocheted stood at $18.8 per pair in February 2024, almost unchanged from the previous month. Over the period under review, the export price showed a precipitous descent. As a result, the export price attained the peak level of $1,070 per pair. From April 2023 to February 2024, the the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From March 2023 to February 2024, the rate of growth in terms of prices for the United States amounted to -8.9% per month.

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

For the fourth year in a row, Israel recorded growth in overseas purchases of gloves, mittens and mitts; knitted or crocheted, which increased by 6.1% to 5.5M pairs in 2022. The total import volume increased at an average annual rate of +12.4% 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 23% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of gloves, mittens and mitts; knitted or crocheted soared to $11M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 31%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Gloves, Mittens and Mitts; Knitted or Crocheted to Israel in 2022:

1. China (3383.1K pairs)
2. Pakistan (381.4K pairs)
3. Netherlands (319.5K pairs)
4. France (253.4K pairs)
5. Hong Kong SAR (185.5K pairs)
6. Ireland (163.3K pairs)
7. United States (134.0K pairs)
8. Belgium (103.9K pairs)
9. Switzerland (87.5K pairs)
10. United Kingdom (66.3K pairs)
11. Vietnam (30.8K pairs)

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

In 2022, exports of gloves, mittens and mitts; knitted or crocheted from Israel soared to 77K pairs, with an increase of 98% on 2021. In general, exports posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 3,299%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of gloves, mittens and mitts; knitted or crocheted surged to $163K in 2022. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 3,617% against the previous year. As a result, the exports attained the peak of $223K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. United States (73.3K pairs)
2. New Zealand (1.4K pairs)
3. Germany (0.5K pairs)

Source: IndexBox Market Intelligence Platform