Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Portugal - 2024
Contents:
- Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Portugal (FOB) - 2024
- Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Portugal (CIF) - 2024
- Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in Portugal
- Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in Portugal
Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Portugal (FOB) - 2024
The average export price for gloves, mittens and mitts; knitted or crocheted stood at $1.4 per pair in April 2024, jumping by 33% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The export price peaked at $1.6 per pair in December 2023; however, from January 2024 to April 2024, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($2.4 per pair), while the average price for exports to Spain ($870 per thousand pairs) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Portugal (CIF) - 2024
In April 2024, the average import price for gloves, mittens and mitts; knitted or crocheted amounted to $696 per thousand pairs, growing by 12% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 17% month-to-month. The import price peaked at $930 per thousand pairs in December 2023; however, from January 2024 to April 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In April 2024, the country with the highest price was Germany ($2.1 per pair), while the price for China ($410 per thousand pairs) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Sri Lanka (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in Portugal
In 2022, the amount of gloves, mittens and mitts; knitted or crocheted exported from Portugal skyrocketed to 27M pairs, rising by 27% on the year before. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +18.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 37%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of gloves, mittens and mitts; knitted or crocheted rose rapidly to $29M in 2022. In general, exports showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Gloves, Mittens and Mitts; Knitted or Crocheted in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 14.7 | 15.7 | 13.4 | 15.8 | 2.4% |
| United States | 5.7 | 6.0 | 4.7 | 4.5 | -7.6% |
| Spain | 4.2 | 2.7 | 4.1 | 3.6 | -5.0% |
| Mexico | 1.1 | 0.7 | 1.6 | 2.1 | 24.1% |
| Colombia | 0.2 | 0.2 | 0.1 | 0.8 | 58.7% |
| Russia | 1.2 | 1.1 | 0.6 | 0.2 | -45.0% |
| Others | 2.0 | 2.9 | 2.6 | 2.4 | 6.3% |
| Total | 29.1 | 29.3 | 27.2 | 29.3 | 0.2% |
Top Export Markets for Gloves, Mittens and Mitts; Knitted or Crocheted from Portugal in 2022:
- Belgium (14.2M pairs)
- Spain (6.3M pairs)
- United States (2.1M pairs)
- Mexico (1.7M pairs)
- Colombia (0.6M pairs)
- Russia (0.2M pairs)
Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in Portugal
In 2022, the amount of gloves, mittens and mitts; knitted or crocheted imported into Portugal soared to 48M pairs, picking up by 34% on the year before. In general, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 52%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of gloves, mittens and mitts; knitted or crocheted expanded rapidly to $29M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.2% 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 +42.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Gloves, Mittens and Mitts; Knitted or Crocheted in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 3.5 | 4.3 | 4.9 | 7.9 | 31.2% |
| China | 5.0 | 4.1 | 5.8 | 6.4 | 8.6% |
| Spain | 3.6 | 3.7 | 4.9 | 5.5 | 15.2% |
| Belgium | 3.1 | 2.8 | 4.1 | 2.4 | -8.2% |
| Netherlands | 1.6 | 1.3 | 2.1 | 1.8 | 4.0% |
| France | 1.5 | 2.0 | 2.3 | 1.5 | 0.0% |
| Others | 2.4 | 1.8 | 2.3 | 3.1 | 8.9% |
| Total | 20.8 | 20.1 | 26.4 | 28.6 | 11.2% |
Top Suppliers of Gloves, Mittens and Mitts; Knitted or Crocheted to Portugal in 2022:
- Sri Lanka (25.0M pairs)
- China (12.5M pairs)
- Spain (3.8M pairs)
- Netherlands (2.0M pairs)
- Belgium (1.4M pairs)
- France (0.9M pairs)
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