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

Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Norway (CIF) - 2024

The average import price for gloves, mittens and mitts; knitted or crocheted stood at $31.3 per pair in May 2024, almost unchanged from the previous month. Over the period from May 2023 to May 2024, it increased at an average monthly rate of +1.1%. The pace of growth appeared the most rapid in April 2024 an increase of 24% against the previous month. As a result, import price attained the peak level of $31.3 per pair, leveling off in the following month.

There were significant differences in the average prices amongst the major supplying countries. In May 2024, the country with the highest price was Poland ($107 per pair), while the price for Thailand ($14.8 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 Pakistan (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Norway (FOB) - 2024

The average export price for gloves, mittens and mitts; knitted or crocheted stood at $27.5 per pair in May 2024, declining by -6.8% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 an increase of 38% month-to-month. As a result, the export price reached the peak level of $43.3 per pair. From October 2023 to May 2024, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($74.1 per pair), while the average price for exports to Sri Lanka ($4.0 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 the Netherlands (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports of gloves, mittens and mitts; knitted or crocheted into Norway rose modestly to 12M pairs in 2022, increasing by 2.2% on the previous year. The total import volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 5.4% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, imports of gloves, mittens and mitts; knitted or crocheted expanded slightly to $38M in 2022. The total import value increased at an average annual rate of +4.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Import of Gloves, Mittens and Mitts; Knitted or Crocheted in Norway (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	16.2	16.2	20.8	21.6	10.1%
Pakistan	4.6	3.9	4.6	4.4	-1.5%
Sri Lanka	3.5	1.9	2.7	2.6	-9.4%
Vietnam	2.1	1.8	2.2	2.5	6.0%
Poland	0.5	0.5	0.7	1.5	44.2%
Malaysia	0.8	0.7	1.0	0.7	-4.4%
Thailand	0.7	0.6	0.9	0.6	-5.0%
Others	4.2	3.0	3.3	3.7	-4.1%
Total	32.6	28.7	36.2	37.7	5.0%

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

China (7.3M pairs)
Pakistan (1.9M pairs)
Sri Lanka (0.8M pairs)
Vietnam (0.5M pairs)
Thailand (0.4M pairs)
Malaysia (0.3M pairs)
Poland (0.2M pairs)

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

Exports of gloves, mittens and mitts; knitted or crocheted from Norway reached 1.2M pairs in 2022, increasing by 5% compared with 2021. The total export volume increased at an average annual rate of +10.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 17%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of gloves, mittens and mitts; knitted or crocheted shrank slightly to $3.3M in 2022. The total export value increased at an average annual rate of +7.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 20%. As a result, the exports reached the peak of $3.4M, and then dropped slightly in the following year.

Export of Gloves, Mittens and Mitts; Knitted or Crocheted in Norway (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Sweden	736	1,071	1,170	965	9.5%
Russia	685	398	504	512	-9.2%
Iceland	151	139	301	281	23.0%
United Kingdom	63.3	64.5	60.1	156	35.1%
Qatar	137	96.6	61.9	140	0.7%
Germany	50.0	44.4	158	126	36.1%
Czech Republic	2.4	30.0	63.7	115	263.2%
Finland	53.0	71.3	137	107	26.4%
Denmark	20.9	39.7	157	104	70.7%
Nigeria	1.5	8.7	3.8	103	309.5%
Netherlands	38.2	86.9	78.0	88.2	32.2%
South Africa	51.3	60.0	43.9	71.6	11.8%
Chile	4.8	34.5	24.9	62.2	134.9%
Others	645	731	685	464	-10.4%
Total	2,639	2,876	3,448	3,295	7.7%