Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Mexico - 2024
Contents:
- Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Mexico (CIF) - 2022
- Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Mexico (FOB) - 2022
- Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in Mexico
- Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in Mexico
Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Mexico (CIF) - 2022
The average import price for gloves, mittens and mitts; knitted or crocheted stood at $4.2 per pair in 2022, picking up by 9.6% against the previous year. Overall, the import price continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2018 an increase of 32% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.
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 Sri Lanka ($6 per pair), while the price for the Philippines ($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 Sri Lanka (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Mexico (FOB) - 2022
In 2022, the average export price for gloves, mittens and mitts; knitted or crocheted amounted to $3.4 per pair, with an increase of 2.1% against the previous year. Over the period under review, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for gloves, mittens and mitts; knitted or crocheted increased by +90.7% against 2013 indices. The growth pace was the most rapid in 2014 an increase of 55%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($3.5 per pair), while the average price for exports to the United States amounted to $3.4 per pair.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in Mexico
In 2022, the amount of gloves, mittens and mitts; knitted or crocheted imported into Mexico declined slightly to 26M pairs, remaining stable against 2021 figures. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 31%. As a result, imports reached the peak of 26M pairs, leveling off in the following year.
In value terms, imports of gloves, mittens and mitts; knitted or crocheted expanded remarkably to $109M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +11.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 50%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Gloves, Mittens and Mitts; Knitted or Crocheted in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 50.5 | 45.0 | 71.3 | 77.9 | 15.5% |
| Sri Lanka | 6.5 | 5.7 | 9.0 | 10.3 | 16.6% |
| Vietnam | 6.7 | 4.9 | 6.2 | 7.3 | 2.9% |
| South Korea | 4.5 | 3.5 | 4.6 | 3.9 | -4.7% |
| Pakistan | 2.1 | 2.5 | 3.1 | 3.0 | 12.6% |
| United States | 2.9 | 1.6 | 2.1 | 1.7 | -16.3% |
| Philippines | 0.6 | 0.4 | 0.6 | 0.9 | 14.5% |
| Others | 5.1 | 3.4 | 3.3 | 3.9 | -8.6% |
| Total | 79.0 | 66.9 | 100 | 109 | 11.3% |
Top Suppliers of Gloves, Mittens and Mitts; Knitted or Crocheted to Mexico in 2022:
- China (17.6M pairs)
- Vietnam (2.3M pairs)
- Sri Lanka (1.7M pairs)
- Pakistan (1.2M pairs)
- South Korea (1.2M pairs)
- Philippines (0.6M pairs)
- United States (0.4M pairs)
Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in Mexico
In 2022, approx. 5M pairs of gloves, mittens and mitts; knitted or crocheted were exported from Mexico; surging by 8% on 2021. In general, exports, however, continue to indicate a noticeable decline. Over the period under review, the exports of hit record highs at 5.5M pairs in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of gloves, mittens and mitts; knitted or crocheted stood at $17M in 2022. Over the period under review, exports, however, showed a mild reduction. Over the period under review, the exports of attained the peak figure at $18M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Gloves, Mittens and Mitts; Knitted or Crocheted in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 16.3 | 13.1 | 14.8 | 16.2 | -0.2% |
| Guatemala | 0.2 | 0.2 | 0.3 | 0.5 | 35.7% |
| Others | 1.0 | 0.7 | 0.3 | 0.3 | -33.1% |
| Total | 17.5 | 14.0 | 15.4 | 17.0 | -1.0% |
Top Export Markets for Gloves, Mittens and Mitts; Knitted or Crocheted from Mexico in 2022:
- United States (4.7M pairs)
- Guatemala (0.2M pairs)
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