Price for Gloves, Mittens and Mitts; Knitted or Crocheted in South Africa - 2024
Contents:
- Price for Gloves, Mittens and Mitts; Knitted or Crocheted in South Africa (CIF) - 2024
- Price for Gloves, Mittens and Mitts; Knitted or Crocheted in South Africa (FOB) - 2024
- Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in South Africa
- Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in South Africa
Price for Gloves, Mittens and Mitts; Knitted or Crocheted in South Africa (CIF) - 2024
In May 2024, the average import price for gloves, mittens and mitts; knitted or crocheted amounted to $9.8 per pair, growing by 13% against the previous month. Over the period under review, the import price enjoyed a slight increase. The most prominent rate of growth was recorded in July 2023 an increase of 92% month-to-month. As a result, import price attained the peak level of $14.6 per pair. From August 2023 to May 2024, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Sri Lanka ($19.1 per pair), while the price for Pakistan ($6.3 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 China (+3.0%), while the prices for the other major suppliers experienced a decline.
Price for Gloves, Mittens and Mitts; Knitted or Crocheted in South Africa (FOB) - 2024
In May 2024, the average export price for gloves, mittens and mitts; knitted or crocheted amounted to $6.7 per pair, remaining relatively unchanged against the previous month. Overall, the export price saw a pronounced curtailment. The pace of growth appeared the most rapid in July 2023 when the average export price increased by 20% against the previous month. Over the period under review, the average export prices attained the maximum at $8.6 per pair in May 2023; however, from June 2023 to May 2024, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Zambia ($14.2 per pair), while the average price for exports to Lesotho ($2.6 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 Zambia (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in South Africa
In 2022, the amount of gloves, mittens and mitts; knitted or crocheted imported into South Africa declined to 17M pairs, dropping by -7% compared with 2021 figures. Overall, imports recorded a mild contraction. The pace of growth was the most pronounced in 2021 with an increase of 20%. As a result, imports reached the peak of 18M pairs, and then shrank in the following year.
In value terms, imports of gloves, mittens and mitts; knitted or crocheted reached $16M in 2022. The total import value increased at an average annual rate of +4.6% over the period from 2019 to 2022; 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 36% against the previous year. 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 South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.1 | 7.1 | 8.7 | 9.0 | 3.6% |
| Pakistan | 1.9 | 1.4 | 2.4 | 2.8 | 13.8% |
| Sri Lanka | 2.0 | 1.9 | 2.9 | 2.0 | 0.0% |
| Bangladesh | 0.2 | 0.2 | 0.1 | 0.2 | 0.0% |
| Others | 1.7 | 1.2 | 1.8 | 2.0 | 5.6% |
| Total | 14.0 | 11.7 | 15.9 | 16.0 | 4.6% |
Top Suppliers of Gloves, Mittens and Mitts; Knitted or Crocheted to South Africa in 2022:
- China (11.0M pairs)
- Pakistan (3.8M pairs)
- Sri Lanka (0.8M pairs)
- Bangladesh (0.4M pairs)
Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in South Africa
In 2022, the amount of gloves, mittens and mitts; knitted or crocheted exported from South Africa contracted to 5.2M pairs, which is down by -9.7% on the year before. The total export volume increased at an average annual rate of +7.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 42% against the previous year. As a result, the exports attained the peak of 5.8M pairs, and then contracted in the following year.
In value terms, exports of gloves, mittens and mitts; knitted or crocheted reduced to $4.2M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +11.8% 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 +45.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 55%. As a result, the exports attained the peak of $4.5M, and then declined in the following year.
| Export of Gloves, Mittens and Mitts; Knitted or Crocheted in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 628 | 649 | 1,309 | 1,560 | 35.4% |
| Botswana | 518 | 575 | 773 | 771 | 14.2% |
| Zimbabwe | 321 | 351 | 375 | 531 | 18.3% |
| Zambia | 261 | 284 | 493 | 269 | 1.0% |
| Swaziland | 298 | 224 | 424 | 240 | -7.0% |
| Lesotho | 104 | 136 | 269 | 171 | 18.0% |
| Democratic Republic of the Congo | 135 | 113 | 196 | 148 | 3.1% |
| Others | 760 | 566 | 640 | 539 | -10.8% |
| Total | 3,024 | 2,898 | 4,479 | 4,229 | 11.8% |
Top Export Markets for Gloves, Mittens and Mitts; Knitted or Crocheted from South Africa in 2022:
- Namibia (1610.5K pairs)
- Botswana (877.7K pairs)
- Zimbabwe (620.6K pairs)
- Zambia (573.9K pairs)
- Lesotho (558.7K pairs)
- Swaziland (310.4K pairs)
- Democratic Republic of the Congo (237.9K pairs)
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