Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Thailand - 2024
Contents:
- Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Thailand (CIF) - 2024
- Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Thailand (FOB) - 2022
- Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in Thailand
- Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in Thailand
Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Thailand (CIF) - 2024
In May 2024, the average import price for gloves, mittens and mitts; knitted or crocheted amounted to $718 per thousand pairs, shrinking by -9.9% against the previous month. Over the period under review, the import price saw a perceptible downturn. The most prominent rate of growth was recorded in September 2023 an increase of 33% m-o-m. As a result, import price attained the peak level of $1.1 per pair. From October 2023 to May 2024, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In May 2024, the country with the highest price was Malaysia ($2.7 per pair), while the price for China ($595 per thousand pairs) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by Vietnam (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Thailand (FOB) - 2022
The average export price for gloves, mittens and mitts; knitted or crocheted stood at $1.9 per pair in 2022, rising by 63% against the previous year. Overall, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for gloves, mittens and mitts; knitted or crocheted increased by +123.7% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($2.9 per pair), while the average price for exports to Saudi Arabia ($243 per thousand pairs) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+7.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in Thailand
In 2022, imports of gloves, mittens and mitts; knitted or crocheted into Thailand was estimated at 24M pairs, increasing by 2.8% on 2021. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +23.9% 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 +90.1% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 38% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, imports of gloves, mittens and mitts; knitted or crocheted surged to $26M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +12.8% 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 +51.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 25%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Gloves, Mittens and Mitts; Knitted or Crocheted in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.9 | 10.7 | 15.1 | 18.4 | 19.1% |
| Vietnam | 1.4 | 1.7 | 1.9 | 2.0 | 12.6% |
| Malaysia | 2.0 | 1.7 | 1.4 | 1.8 | -3.5% |
| South Korea | 0.9 | 1.0 | 1.2 | 1.5 | 18.6% |
| Sri Lanka | 1.1 | 0.6 | 0.5 | 0.5 | -23.1% |
| India | 0.2 | 0.2 | 0.1 | 0.2 | 0.0% |
| Others | 1.4 | 1.1 | 1.0 | 1.3 | -2.4% |
| Total | 17.9 | 16.9 | 21.1 | 25.6 | 12.7% |
Top Suppliers of Gloves, Mittens and Mitts; Knitted or Crocheted to Thailand in 2022:
- China (20.7M pairs)
- Vietnam (1.1M pairs)
- Malaysia (0.9M pairs)
- South Korea (0.5M pairs)
- India (0.4M pairs)
- Sri Lanka (0.2M pairs)
Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in Thailand
In 2022, shipments abroad of gloves, mittens and mitts; knitted or crocheted decreased by -32.5% to 9.8M pairs, falling for the second consecutive year after two years of growth. In general, exports showed a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of 40%. As a result, the exports reached the peak of 16M pairs. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of gloves, mittens and mitts; knitted or crocheted stood at $18M in 2022. The total export value increased at an average annual rate of +9.5% over the period from 2019 to 2022; however, 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 22%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Gloves, Mittens and Mitts; Knitted or Crocheted in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.5 | 4.2 | 6.1 | 8.0 | 21.1% |
| Japan | 6.1 | 5.9 | 5.4 | 5.0 | -6.4% |
| Norway | 0.5 | 0.5 | 0.7 | 0.7 | 11.9% |
| United Kingdom | 0.2 | 0.2 | 0.3 | 0.4 | 26.0% |
| Germany | N/A | 0.1 | 0.1 | 0.4 | 100.0% |
| Saudi Arabia | 0.3 | 0.8 | 0.2 | 0.1 | -30.7% |
| Lao People's Democratic Republic | N/A | N/A | 0.4 | N/A | 0% |
| Others | 2.2 | 2.0 | 3.3 | 3.6 | 17.8% |
| Total | 13.8 | 13.6 | 16.6 | 18.2 | 9.7% |
Top Export Markets for Gloves, Mittens and Mitts; Knitted or Crocheted from Thailand in 2022:
- United States (5.7M pairs)
- Japan (1.9M pairs)
- Norway (0.6M pairs)
- Saudi Arabia (0.3M pairs)
- Germany (0.2M pairs)
- Lao People's Democratic Republic (0.1M pairs)
- United Kingdom (0.1M pairs)
322
This report provides an in-depth analysis of the knitted gloves market in Thailand.
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Global Knitted Gloves Market Report 2018. This report provides an in-depth analysis of the global knitted gloves market.
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This report provides an in-depth analysis of the knitted gloves market in Thailand.
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Global Knitted Gloves Market Report 2018. This report provides an in-depth analysis of the global knitted gloves market.
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