Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Switzerland - 2024

Contents:

  1. Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Switzerland (CIF) - 2024
  2. Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Switzerland (FOB) - 2024
  3. Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in Switzerland
  4. Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in Switzerland

Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Switzerland (CIF) - 2024

The average import price for gloves, mittens and mitts; knitted or crocheted stood at $28.0 per pair in May 2024, with an increase of 14% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 27% m-o-m. The import price peaked at $38.6 per pair in November 2023; however, from December 2023 to May 2024, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($88.1 per pair), while the price for Bangladesh ($16.0 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 Sri Lanka (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Switzerland (FOB) - 2024

The average export price for gloves, mittens and mitts; knitted or crocheted stood at $27.3 per pair in May 2024, reducing by -9.3% against the previous month. Overall, the export price showed a mild decrease. The pace of growth appeared the most rapid in December 2023 an increase of 31% month-to-month. As a result, the export price attained the peak level of $36.3 per pair. From January 2024 to May 2024, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In May 2024, the country with the highest price was the UK ($48.2 per pair), while the average price for exports to Italy ($20.2 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 Austria (+3.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in Switzerland

In 2022, approx. 18M pairs of gloves, mittens and mitts; knitted or crocheted were imported into Switzerland; with an increase of 38% on 2021. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +18.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of gloves, mittens and mitts; knitted or crocheted skyrocketed to $59M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +15.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.2% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Gloves, Mittens and Mitts; Knitted or Crocheted in Switzerland (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China16.118.721.727.820.0%
Vietnam4.45.35.36.312.7%
Germany5.05.05.64.9-0.7%
Sri Lanka1.71.81.94.437.3%
Pakistan2.12.32.83.720.8%
Malaysia2.32.42.42.2-1.5%
Others6.97.79.29.410.9%
Total38.643.448.958.715.0%

Top Suppliers of Gloves, Mittens and Mitts; Knitted or Crocheted to Switzerland in 2022:

  1. China (9.5M pairs)
  2. Sri Lanka (1.8M pairs)
  3. Pakistan (1.5M pairs)
  4. Germany (1.3M pairs)
  5. Malaysia (1.1M pairs)
  6. Vietnam (1.1M pairs)

Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in Switzerland

For the fourth consecutive year, Switzerland recorded growth in overseas shipments of gloves, mittens and mitts; knitted or crocheted, which increased by 140% to 1.4M pairs in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of gloves, mittens and mitts; knitted or crocheted skyrocketed to $7.9M in 2022. Overall, exports saw a significant expansion. 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 Switzerland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France5633823061,46137.4%
Italy1662874531,20493.6%
Germany1,6161,8951,7961,061-13.1%
United States16316016142237.3%
Austria48.547.141.2393100.9%
United Kingdom94.513321637157.8%
Spain13.367.8102272173.5%
Poland7.038.084.0221216.1%
Sweden10.76.816.2193162.3%
Finland11.61.73.7154136.8%
Netherlands30.049.095.014468.7%
Denmark24.331.376.111869.3%
Canada32.823.263.264.225.1%
Others1,0561,2201,1961,86620.9%
Total3,8374,3414,6107,94527.5%

Top Export Markets for Gloves, Mittens and Mitts; Knitted or Crocheted from Switzerland in 2022:

  1. Italy (376.8K pairs)
  2. France (199.4K pairs)
  3. Germany (122.1K pairs)
  4. Austria (87.1K pairs)
  5. Finland (62.5K pairs)
  6. Poland (42.2K pairs)
  7. Denmark (39.5K pairs)
  8. United Kingdom (34.7K pairs)
  9. Sweden (33.4K pairs)
  10. United States (32.5K pairs)
  11. Spain (29.3K pairs)
  12. Canada (26.5K pairs)
  13. Netherlands (24.7K pairs)

Source: IndexBox Market Intelligence Platform

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