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)
This report provides an in-depth analysis of the knitted gloves market in South Africa.
Global Knitted Gloves Market Report 2018. This report provides an in-depth analysis of the global knitted gloves market.
This report provides an in-depth analysis of the knitted gloves market in South Africa.
Global Knitted Gloves Market Report 2018. This report provides an in-depth analysis of the global knitted gloves market.
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