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

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

The average import price for gloves, mittens and mitts; knitted or crocheted stood at $7.5 per pair in May 2024, shrinking by -5.4% against the previous month. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in August 2023 an increase of 26% month-to-month. The import price peaked at $10.7 per pair in September 2023; however, from October 2023 to May 2024, 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 Malaysia ($17.9 per pair), while the price for Cambodia ($2.0 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 Indonesia (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for gloves, mittens and mitts; knitted or crocheted amounted to $4.1 per pair, rising by 2.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2016 an increase of 28%. The export price peaked at $4.4 per pair in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($9.4 per pair), while the average price for exports to Norway ($1.6 per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, after two years of decline, there was significant growth in purchases abroad of gloves, mittens and mitts; knitted or crocheted, when their volume increased by 6.6% to 500M pairs. In general, imports, however, showed a mild decline. Over the period under review, imports of reached the peak figure at 515M pairs in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of gloves, mittens and mitts; knitted or crocheted rose significantly to $452M in 2022. The total import value increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Gloves, Mittens and Mitts; Knitted or Crocheted in Japan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	253	235	244	269	2.1%
Vietnam	50.5	48.6	44.3	59.8	5.8%
Malaysia	43.9	41.6	41.8	47.0	2.3%
Indonesia	21.7	18.9	20.6	23.5	2.7%
Philippines	12.2	10.2	10.1	8.9	-10.0%
Others	41.4	34.3	37.9	43.6	1.7%
Total	423	388	398	452	2.2%

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

China (377.7M pairs)
Vietnam (34.5M pairs)
Indonesia (30.6M pairs)
Malaysia (28.7M pairs)
Philippines (7.6M pairs)

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

In 2022, after two years of decline, there was significant growth in shipments abroad of gloves, mittens and mitts; knitted or crocheted, when their volume increased by 6.7% to 615K pairs. Over the period under review, exports, however, recorded a significant decrease. The exports peaked at 1.3M pairs in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of gloves, mittens and mitts; knitted or crocheted totaled $2.5M in 2022. Overall, exports, however, saw a sharp downturn. Over the period under review, the exports of hit record highs at $5.5M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Gloves, Mittens and Mitts; Knitted or Crocheted in Japan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,898	518	355	342	-43.5%
United States	526	350	313	328	-14.6%
Vietnam	519	306	298	319	-15.0%
Indonesia	347	122	221	241	-11.4%
Brazil	194	125	87.1	162	-5.8%
South Korea	170	63.0	169	159	-2.2%
Malaysia	152	72.5	151	129	-5.3%
Canada	129	60.3	69.7	109	-5.5%
Taiwan (Chinese)	118	76.5	65.7	107	-3.2%
Iceland	117	N/A	15.7	52.4	-23.5%
Chile	62.8	4.8	13.8	46.9	-9.3%
Norway	29.4	94.7	42.7	44.4	14.7%
Netherlands	367	9.6	4.8	N/A	-88.6%
Others	862	496	477	460	-18.9%
Total	5,490	2,298	2,284	2,501	-23.1%