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

Contents:

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

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

In 2022, the average export price for gloves, mittens and mitts; knitted or crocheted amounted to $2.6 per pair, increasing by 8.1% against the previous year. In general, the export price, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 15%. The export price peaked at $3.5 per pair in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($7.4 per pair), while the average price for exports to the United States ($2.3 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 Italy (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for gloves, mittens and mitts; knitted or crocheted stood at $1.4 per pair in 2022, surging by 3.6% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 21% against the previous year. Over the period under review, average import prices reached the peak figure at $1.5 per pair in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1.9 per pair), while the price for India amounted to $1.2 per pair.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, exports of gloves, mittens and mitts; knitted or crocheted from Nepal surged to 813K pairs, with an increase of 36% compared with the year before. Overall, exports, however, showed a perceptible curtailment. The growth pace was the most rapid in 2021 when exports increased by 41% against the previous year. Over the period under review, the exports of hit record highs at 891K pairs in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of gloves, mittens and mitts; knitted or crocheted skyrocketed to $2.1M in 2022. Over the period under review, exports, however, recorded a abrupt slump. The exports peaked at $3.1M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

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

1. United States (316.9K pairs)
2. United Kingdom (300.4K pairs)
3. Germany (107.9K pairs)
4. Canada (19.1K pairs)
5. Japan (14.8K pairs)

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

After three years of growth, purchases abroad of gloves, mittens and mitts; knitted or crocheted decreased by -53.3% to 221K pairs in 2022. Over the period under review, imports saw a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 14% against the previous year. Imports peaked at 473K pairs in 2021, and then contracted sharply in the following year.

In value terms, imports of gloves, mittens and mitts; knitted or crocheted reduced markedly to $308K in 2022. Overall, imports recorded a abrupt downturn. The growth pace was the most rapid in 2020 when imports increased by 18%. Over the period under review, imports of attained the maximum at $636K in 2021, and then reduced markedly in the following year.

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

1. India (167.2K pairs)
2. China (46.0K pairs)

Source: IndexBox Market Intelligence Platform