Price for Gloves, Mittens and Mitts; Knitted or Crocheted in South Korea - 2022
Contents:
- Price for Gloves, Mittens and Mitts; Knitted or Crocheted in South Korea (CIF) - 2022
- Price for Gloves, Mittens and Mitts; Knitted or Crocheted in South Korea (FOB) - 2022
- Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in South Korea
- Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in South Korea
Price for Gloves, Mittens and Mitts; Knitted or Crocheted in South Korea (CIF) - 2022
In December 2022, the average import price for gloves, mittens and mitts; knitted or crocheted amounted to $4.2 per pair, shrinking by -8.9% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 an increase of 11% month-to-month. Over the period under review, average import prices attained the maximum at $5.2 per pair in October 2022; however, from November 2022 to December 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was China ($4.2 per pair), while the price for Vietnam amounted to $3.5 per pair.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by China (-0.4%).
Price for Gloves, Mittens and Mitts; Knitted or Crocheted in South Korea (FOB) - 2022
In December 2022, the average export price for gloves, mittens and mitts; knitted or crocheted amounted to $16.7 per pair, remaining relatively unchanged against the previous month. Over the period under review, the export price, however, recorded a mild reduction. The pace of growth appeared the most rapid in May 2022 when the average export price increased by 11% against the previous month. The export price peaked at $19.0 per pair in June 2022; however, from July 2022 to December 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Belgium ($39.4 per pair), while the average price for exports to the Philippines ($1.5 per pair) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+5.1%), 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 Korea
Imports of gloves, mittens and mitts; knitted or crocheted into South Korea was estimated at 437M pairs in 2022, picking up by 4.1% against 2021 figures. The total import volume increased at an average annual rate of +7.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 13%. Imports peaked 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 markedly to $185M in 2022. The total import value increased at an average annual rate of +10.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 24%. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Gloves, Mittens and Mitts; Knitted or Crocheted in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 68.9 | 66.0 | 85.7 | 91.3 | 9.8% |
Vietnam | 58.4 | 60.8 | 69.6 | 75.5 | 8.9% |
Others | 8.9 | 10.5 | 14.3 | 18.4 | 27.4% |
Total | 136 | 137 | 170 | 185 | 10.8% |
Top Suppliers of Gloves, Mittens and Mitts; Knitted or Crocheted to South Korea in 2022:
- China (219.4M pairs)
- Vietnam (212.2M pairs)
Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in South Korea
Exports of gloves, mittens and mitts; knitted or crocheted from South Korea fell to 57M pairs in 2022, waning by -4.9% compared with 2021 figures. In general, exports continue to indicate a perceptible reduction. The growth pace was the most rapid in 2021 with an increase of 4.2%. Over the period under review, the exports of hit record highs at 64M pairs in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of gloves, mittens and mitts; knitted or crocheted contracted to $95M in 2022. Overall, exports continue to indicate a deep contraction. The smallest decline of -0.6% was in 2021. The exports peaked at $139M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Gloves, Mittens and Mitts; Knitted or Crocheted in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 35.2 | 28.7 | 25.9 | 26.7 | -8.8% |
France | 13.8 | 11.5 | 9.4 | 9.8 | -10.8% |
Germany | 14.6 | 9.5 | 9.5 | 8.4 | -16.8% |
Belgium | 16.1 | 10.9 | 9.5 | 7.0 | -24.2% |
Japan | 13.0 | 6.2 | 6.4 | 5.7 | -24.0% |
Taiwan (Chinese) | 2.1 | 2.3 | 2.8 | 3.6 | 19.7% |
Netherlands | 2.3 | 1.8 | 2.3 | 2.7 | 5.5% |
Vietnam | 1.7 | 1.6 | 1.9 | 2.7 | 16.7% |
Mexico | 2.8 | 2.3 | 2.9 | 2.5 | -3.7% |
United Kingdom | 4.0 | 2.5 | 2.7 | 1.7 | -24.8% |
Mongolia | 0.1 | 0.2 | 1.1 | 1.4 | 141.0% |
Russia | 1.9 | 1.1 | 1.2 | 0.6 | -31.9% |
Kiribati | N/A | N/A | 0.1 | 0.5 | 400.0% |
Others | 31.3 | 23.7 | 25.8 | 22.0 | -11.1% |
Total | 139 | 102 | 102 | 95.3 | -11.8% |
Top Export Markets for Gloves, Mittens and Mitts; Knitted or Crocheted from South Korea in 2022:
- United States (25.3M pairs)
- Mongolia (3.6M pairs)
- France (3.0M pairs)
- Germany (2.8M pairs)
- Japan (2.2M pairs)
- Vietnam (1.9M pairs)
- Belgium (1.9M pairs)
- Russia (1.6M pairs)
- Netherlands (1.4M pairs)
- Kiribati (1.3M pairs)
- Taiwan (Chinese) (1.0M pairs)
- Mexico (0.9M pairs)
- United Kingdom (0.6M pairs)
This report provides an in-depth analysis of the market for gloves, mittens and mitts of knitted or crocheted textiles in Republic of Korea.
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 market for gloves, mittens and mitts of knitted or crocheted textiles in Republic of Korea.
Global Knitted Gloves Market Report 2018. This report provides an in-depth analysis of the global knitted gloves market.
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