Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Malaysia - 2024
Contents:
- Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Malaysia (FOB) - 2024
- Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Malaysia (CIF) - 2024
- Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in Malaysia
- Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in Malaysia
Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Malaysia (FOB) - 2024
In May 2024, the average export price for gloves, mittens and mitts; knitted or crocheted amounted to $12.4 per pair, reducing by -4.8% against the previous month. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2024 an increase of 10% m-o-m. The export price peaked at $14.8 per pair in July 2023; however, from August 2023 to May 2024, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($23.2 per pair), while the average price for exports to Singapore ($6.5 per pair) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to China (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Malaysia (CIF) - 2024
The average import price for gloves, mittens and mitts; knitted or crocheted stood at $4.7 per pair in May 2024, growing by 3.6% against the previous month. Over the period under review, the import price, however, continues to indicate a slight setback. The growth pace was the most rapid in November 2023 when the average import price increased by 32% month-to-month. The import price peaked at $7.1 per pair in February 2024; however, from March 2024 to May 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In May 2024, the country with the highest price was Vietnam ($7.9 per pair), while the price for India ($3.1 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 (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in Malaysia
In 2022, exports of gloves, mittens and mitts; knitted or crocheted from Malaysia rose sharply to 100M pairs, surging by 6.1% compared with the previous year. Over the period under review, exports, however, showed a deep setback. Over the period under review, the exports of hit record highs at 123M pairs in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of gloves, mittens and mitts; knitted or crocheted expanded remarkably to $130M in 2022. Overall, exports, however, continue to indicate a slight downturn. The exports peaked at $135M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Gloves, Mittens and Mitts; Knitted or Crocheted in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 44.9 | 44.2 | 40.5 | 48.6 | 2.7% |
| United States | 27.1 | 27.1 | 23.7 | 27.1 | 0.0% |
| France | 10.7 | 10.6 | 10.3 | 9.7 | -3.2% |
| Netherlands | 8.8 | 8.2 | 9.5 | 9.3 | 1.9% |
| Turkey | 4.1 | 3.8 | 7.8 | 4.8 | 5.4% |
| United Kingdom | 5.0 | 3.9 | 5.2 | 4.4 | -4.2% |
| Canada | 3.5 | 3.9 | 2.5 | 3.6 | 0.9% |
| Thailand | 3.1 | 2.1 | 2.8 | 3.3 | 2.1% |
| Singapore | 3.9 | 4.5 | 3.7 | 2.7 | -11.5% |
| Belgium | 4.4 | 2.4 | 1.8 | 2.5 | -17.2% |
| Germany | 3.3 | 2.2 | 2.3 | 1.5 | -23.1% |
| India | 0.7 | 0.8 | 0.4 | 0.5 | -10.6% |
| Others | 14.8 | 12.2 | 11.3 | 11.7 | -7.5% |
| Total | 135 | 126 | 122 | 130 | -1.3% |
Top Export Markets for Gloves, Mittens and Mitts; Knitted or Crocheted from Malaysia in 2022:
- Japan (29.8M pairs)
- United States (23.3M pairs)
- France (8.0M pairs)
- Netherlands (6.9M pairs)
- United Kingdom (5.1M pairs)
- Turkey (5.0M pairs)
- Belgium (2.4M pairs)
- Singapore (2.3M pairs)
- Canada (2.1M pairs)
- Thailand (1.9M pairs)
- India (1.7M pairs)
- Germany (1.4M pairs)
Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in Malaysia
In 2022, purchases abroad of gloves, mittens and mitts; knitted or crocheted was finally on the rise to reach 69M pairs for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a noticeable downturn. Over the period under review, imports of attained the maximum at 75M 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 soared to $42M in 2022. Over the period under review, imports, however, saw a slight curtailment. Over the period under review, imports of reached the peak figure at $45M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Gloves, Mittens and Mitts; Knitted or Crocheted in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 19.6 | 16.4 | 7.2 | 18.3 | -2.3% |
| China | 18.4 | 15.5 | 18.2 | 17.3 | -2.0% |
| Vietnam | 0.9 | 1.6 | 1.8 | 2.4 | 38.7% |
| Others | 5.7 | 4.2 | 5.1 | 4.3 | -9.0% |
| Total | 44.5 | 37.7 | 32.3 | 42.3 | -1.7% |
Top Suppliers of Gloves, Mittens and Mitts; Knitted or Crocheted to Malaysia in 2022:
- China (39.7M pairs)
- Myanmar (21.5M pairs)
- Vietnam (2.9M pairs)
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