Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Libya - 2022

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

In 2022, the average import price for gloves, mittens and mitts; knitted or crocheted amounted to $727 per thousand pairs, with an increase of 4% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for gloves, mittens and mitts; knitted or crocheted increased by +12.3% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of 38% against the previous year. Over the period under review, average import prices hit record highs at $941 per thousand pairs in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 the UK ($1.3 per pair), while the price for the United Arab Emirates ($606 per thousand pairs) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the amount of gloves, mittens and mitts; knitted or crocheted imported into Libya shrank sharply to 2M pairs, which is down by -20.6% against 2021. Over the period under review, imports saw a mild shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 64% against the previous year. As a result, imports reached the peak of 2.5M pairs, and then contracted sharply in the following year.

In value terms, imports of gloves, mittens and mitts; knitted or crocheted declined sharply to $1.5M in 2022. Overall, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 when imports increased by 77% against the previous year. Imports peaked at $1.8M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Gloves, Mittens and Mitts; Knitted or Crocheted in Libya (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,488	668	1,331	1,153	-8.2%
Turkey	90.6	143	81.8	63.1	-11.4%
United Kingdom	49.6	45.7	46.5	59.8	6.4%
Pakistan	13.8	20.9	19.6	33.2	34.0%
United Arab Emirates	20.9	11.5	160	0.3	-75.7%
Others	131	115	134	154	5.5%
Total	1,794	1,003	1,772	1,463	-6.6%