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

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

In April 2024, the average import price for gloves, mittens and mitts; knitted or crocheted amounted to $615 per thousand pairs, which is down by -32.9% against the previous month. Overall, the import price saw a perceptible decrease. The growth pace was the most rapid in March 2024 an increase of 26% against the previous month. Over the period under review, average import prices attained the maximum at $1.2 per pair in September 2023; however, from October 2023 to April 2024, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Sri Lanka ($1.8 per pair), while the price for Indonesia ($247 per thousand pairs) was amongst the lowest.

From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Pakistan (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Italy (FOB) - 2022

The average export price for gloves, mittens and mitts; knitted or crocheted stood at $3.4 per pair in 2022, dropping by -6.9% against the previous year. Overall, the export price showed a slight setback. The most prominent rate of growth was recorded in 2021 an increase of 30%. Over the period under review, the average export prices reached the peak figure at $5.2 per pair in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($12 per pair), while the average price for exports to Hungary ($535 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 Poland (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

For the fourth consecutive year, Italy recorded growth in overseas purchases of gloves, mittens and mitts; knitted or crocheted, which increased by 13% to 135M pairs in 2022. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 51% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of gloves, mittens and mitts; knitted or crocheted expanded modestly to $138M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.2% 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 +61.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 57% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Import of Gloves, Mittens and Mitts; Knitted or Crocheted in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	41.3	36.3	46.7	61.9	14.4%
France	11.7	11.1	18.7	13.4	4.6%
Belgium	9.2	8.0	10.4	11.5	7.7%
Germany	5.1	4.9	12.1	6.9	10.6%
Pakistan	4.3	4.3	5.7	6.4	14.2%
Vietnam	3.4	4.1	4.2	6.2	22.2%
Netherlands	2.6	2.5	5.7	6.1	32.9%
Sri Lanka	4.2	3.9	5.2	6.1	13.2%
Spain	1.5	1.5	9.3	4.1	39.8%
India	1.2	1.5	1.8	2.0	18.6%
Others	8.2	7.5	15.0	13.6	18.4%
Total	92.8	85.7	135	138	14.1%

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

China (87.4M pairs)
Pakistan (7.9M pairs)
France (7.6M pairs)
Belgium (5.3M pairs)
India (4.3M pairs)
Germany (4.0M pairs)
Sri Lanka (3.5M pairs)
Netherlands (2.9M pairs)
Spain (2.5M pairs)
Vietnam (2.1M pairs)

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

For the fourth consecutive year, Italy recorded growth in shipments abroad of gloves, mittens and mitts; knitted or crocheted, which increased by 16% to 15M pairs in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +24.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +90.5% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 47%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of gloves, mittens and mitts; knitted or crocheted rose markedly to $50M in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +18.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

Export of Gloves, Mittens and Mitts; Knitted or Crocheted in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	5.4	6.4	10.8	10.6	25.2%
Germany	3.2	3.1	4.9	6.0	23.3%
Spain	2.2	2.6	4.3	4.0	22.1%
Hungary	2.1	3.3	1.0	2.1	0.0%
Switzerland	1.4	1.3	2.2	2.1	14.5%
Poland	1.5	1.0	1.4	1.5	0.0%
Austria	1.0	0.9	1.0	1.5	14.5%
Belgium	0.9	1.0	1.7	1.5	18.6%
Netherlands	0.5	0.5	0.9	1.4	40.9%
Slovenia	1.0	1.0	1.3	1.3	9.1%
Greece	0.6	0.5	0.7	0.9	14.5%
Croatia	0.7	0.7	0.8	0.9	8.7%
Portugal	0.3	0.2	1.0	0.3	0.0%
Others	9.9	9.9	14.5	16.1	17.6%
Total	30.5	32.2	46.5	50.4	18.2%