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

Contents:

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

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

In 2022, the average import price for gloves, mittens and mitts; knitted or crocheted amounted to $2.1 per pair, with a decrease of -12.5% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 19%. The import price peaked at $2.6 per pair in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 India ($12 per pair), while the price for the Netherlands ($1.6 per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for gloves, mittens and mitts; knitted or crocheted amounted to $2.9 per pair, growing by 67% against the previous year. Overall, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Sweden ($18 per pair), while the average price for exports to France ($1.5 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 Sweden (+26.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, approx. 1.6M pairs of gloves, mittens and mitts; knitted or crocheted were imported into Luxembourg; increasing by 2.4% against the previous year's figure. In general, imports, however, recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 2.7%. Over the period under review, imports of hit record highs at 1.9M 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 dropped to $3.4M in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 15% against the previous year. As a result, imports reached the peak of $3.8M, and then contracted in the following year.

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

1. Belgium (599.6K pairs)
2. Germany (478.5K pairs)
3. Netherlands (236.9K pairs)
4. France (190.3K pairs)
5. Austria (52.8K pairs)
6. China (34.2K pairs)
7. Switzerland (0.1K pairs)

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

In 2022, approx. 67K pairs of gloves, mittens and mitts; knitted or crocheted were exported from Luxembourg; with a decrease of -50.7% on 2021. Over the period under review, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 43% against the previous year. As a result, the exports attained the peak of 137K pairs, and then fell significantly in the following year.

In value terms, exports of gloves, mittens and mitts; knitted or crocheted declined remarkably to $197K in 2022. Overall, exports showed a perceptible slump. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year. As a result, the exports attained the peak of $239K, and then contracted rapidly in the following year.

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

1. Belgium (44.2K pairs)
2. France (15.9K pairs)
3. United Kingdom (3.0K pairs)
4. Germany (2.0K pairs)
5. Netherlands (1.5K pairs)

Source: IndexBox Market Intelligence Platform