Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Saudi Arabia - 2022
Contents:
- Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Saudi Arabia (FOB) - 2022
- Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Saudi Arabia (CIF) - 2022
- Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in Saudi Arabia
- Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in Saudi Arabia
Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Saudi Arabia (FOB) - 2022
The average export price for gloves, mittens and mitts; knitted or crocheted stood at $1.1 per pair in 2021, with an increase of 96% against the previous year. In general, the export price enjoyed prominent growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 194% against the previous year. Over the period under review, the average export prices hit record highs at $4.3 per pair in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Bahrain ($860 per thousand pairs), while the average price for exports to China ($123 per thousand pairs) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-2.1%), while the prices for the other major destinations experienced a decline.
Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Saudi Arabia (CIF) - 2022
The average import price for gloves, mittens and mitts; knitted or crocheted stood at $324 per thousand pairs in 2021, picking up by 4.2% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 14% against the previous year. Over the period under review, average import prices attained the peak figure at $330 per thousand pairs in 2019; afterwards, it flattened through to 2021.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Pakistan ($537 per thousand pairs), while the price for Thailand ($199 per thousand pairs) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in Saudi Arabia
In 2022, exports of gloves, mittens and mitts; knitted or crocheted from Saudi Arabia soared to 70K pairs, surging by 18% on 2021 figures. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 391% against the previous year. As a result, the exports reached the peak of 73K pairs. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of gloves, mittens and mitts; knitted or crocheted plummeted to $41K in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 147%. The exports peaked at $67K in 2021, and then fell significantly in the following year.
| Export of Gloves, Mittens and Mitts; Knitted or Crocheted in Saudi Arabia (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| United Arab Emirates | N/A | 146 | 33.2 | -77.3% |
| China | N/A | 28.1 | 16.0 | -43.1% |
| Bahrain | 6.3 | N/A | 11.9 | 37.4% |
| Oman | N/A | N/A | 3.2 | 0% |
| Qatar | N/A | N/A | 1.8 | 0% |
| Others | 10.7 | -132.5 | 0.8 | -72.7% |
| Total | 17.0 | 42.0 | 66.9 | 98.4% |
Top Export Markets for Gloves, Mittens and Mitts; Knitted or Crocheted from Saudi Arabia in 2022:
- China (130.3K pairs)
- United Arab Emirates (76.6K pairs)
- Oman (22.7K pairs)
- Bahrain (13.9K pairs)
- Qatar (4.4K pairs)
Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in Saudi Arabia
After two years of growth, purchases abroad of gloves, mittens and mitts; knitted or crocheted decreased by -13.4% to 46M pairs in 2021. Over the period under review, imports showed a pronounced decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 8.9% against the previous year. As a result, imports attained the peak of 53M pairs, and then declined in the following year.
In value terms, imports of gloves, mittens and mitts; knitted or crocheted declined to $15M in 2021. In general, imports saw a pronounced descent. The growth pace was the most rapid in 2020 when imports increased by 2.5% against the previous year. As a result, imports reached the peak of $17M, and then declined in the following year.
| Import of Gloves, Mittens and Mitts; Knitted or Crocheted in Saudi Arabia (Million USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| China | 12.2 | 13.4 | 11.2 | -4.2% |
| Pakistan | 0.4 | 0.8 | 0.6 | 22.5% |
| Thailand | 0.9 | 0.7 | 0.5 | -25.5% |
| Others | 2.7 | 1.7 | 2.5 | -3.8% |
| Total | 16.1 | 16.5 | 14.9 | -3.8% |
Top Suppliers of Gloves, Mittens and Mitts; Knitted or Crocheted to Saudi Arabia in 2022:
- China (40.1M pairs)
- Thailand (2.5M pairs)
- Pakistan (1.2M pairs)
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