Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Kenya - 2023

Contents:

1. Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Kenya (CIF) - 2022
2. Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Kenya (FOB) - 2022
3. Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in Kenya
4. Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in Kenya

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

In 2022, the average import price for gloves, mittens and mitts; knitted or crocheted amounted to $692 per thousand pairs, increasing by 6.4% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The pace of growth was the most pronounced in 2019 when the average import price increased by 32%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($1.1 per pair), while the price for China ($630 per thousand pairs) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for gloves, mittens and mitts; knitted or crocheted stood at $2.2 per pair in 2022, growing by 98% against the previous year. Over the period under review, the export price saw a prominent increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 197%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

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 Ethiopia ($5.7 per pair), while the average price for exports to Democratic Republic of the Congo ($139 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 Democratic Republic of the Congo (+27.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, purchases abroad of gloves, mittens and mitts; knitted or crocheted was finally on the rise to reach 3.3M pairs for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a perceptible reduction. Imports peaked at 3.5M pairs in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of gloves, mittens and mitts; knitted or crocheted surged to $2.3M in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. China (3.1M pairs)

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

After three years of growth, overseas shipments of gloves, mittens and mitts; knitted or crocheted decreased by -69.4% to 7.1K pairs in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 692% against the previous year. Over the period under review, the exports of reached the peak figure at 23K pairs in 2021, and then contracted markedly in the following year.

In value terms, exports of gloves, mittens and mitts; knitted or crocheted shrank notably to $16K in 2022. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 575%. Over the period under review, the exports of reached the peak figure at $25K in 2021, and then contracted dramatically in the following year.

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

1. Democratic Republic of the Congo (3.1K pairs)
2. United States (1.9K pairs)
3. Ethiopia (1.2K pairs)
4. Rwanda (0.9K pairs)

Source: IndexBox Market Intelligence Platform