Price for Gloves, Mittens and Mitts; Knitted or Crocheted in the United States - 2024
Contents:
- Price for Gloves, Mittens and Mitts; Knitted or Crocheted in the United States (CIF) - 2024
- Price for Gloves, Mittens and Mitts; Knitted or Crocheted in the United States (FOB) - 2022
- Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in the United States
- Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in the United States
Price for Gloves, Mittens and Mitts; Knitted or Crocheted in the United States (CIF) - 2024
In May 2024, the average import price for gloves, mittens and mitts; knitted or crocheted amounted to $1.0 per pair, dropping by -1.7% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2024 when the average import price increased by 22% month-to-month. The import price peaked at $1.2 per pair in June 2023; however, from July 2023 to May 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In May 2024, the country with the highest price was Sri Lanka ($2.3 per pair), while the price for Bangladesh ($211 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 Sri Lanka (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Gloves, Mittens and Mitts; Knitted or Crocheted in the United States (FOB) - 2022
In 2022, the average export price for gloves, mittens and mitts; knitted or crocheted amounted to $1.2 per pair, growing by 10% against the previous year. Over the period under review, the export price, however, continues to indicate a deep downturn. The export price peaked at $3.1 per pair in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($2.4 per pair), while the average price for exports to Mexico ($535 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 Chile (-1.7%), while the prices for the other major destinations experienced a decline.
Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in the United States
For the fourth consecutive year, the United States recorded growth in overseas purchases of gloves, mittens and mitts; knitted or crocheted, which increased by 4.7% to 1.2B pairs in 2022. The total import volume increased at an average annual rate of +10.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 24% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of gloves, mittens and mitts; knitted or crocheted soared to $1.2B in 2022. The total import value increased at an average annual rate of +4.1% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Gloves, Mittens and Mitts; Knitted or Crocheted in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 607 | 519 | 569 | 619 | 0.7% |
| Sri Lanka | 119 | 120 | 121 | 157 | 9.7% |
| Vietnam | 72.2 | 75.3 | 68.5 | 96.7 | 10.2% |
| Indonesia | 33.9 | 29.1 | 37.4 | 55.3 | 17.7% |
| Pakistan | 46.3 | 41.5 | 56.2 | 45.1 | -0.9% |
| Malaysia | 29.9 | 25.7 | 21.9 | 29.9 | 0.0% |
| South Korea | 34.2 | 26.9 | 24.1 | 28.9 | -5.5% |
| Bangladesh | 10.2 | 9.9 | 14.7 | 13.1 | 8.7% |
| Mexico | 12.5 | 8.4 | 10.8 | 10.1 | -6.9% |
| Others | 86.4 | 74.3 | 94.0 | 129 | 14.3% |
| Total | 1,051 | 930 | 1,018 | 1,185 | 4.1% |
Top Suppliers of Gloves, Mittens and Mitts; Knitted or Crocheted to the United States in 2022:
- China (737.3M pairs)
- Sri Lanka (101.2M pairs)
- Pakistan (89.4M pairs)
- South Korea (60.4M pairs)
- Vietnam (54.8M pairs)
- Bangladesh (38.3M pairs)
- Indonesia (34.6M pairs)
- Mexico (26.9M pairs)
- Malaysia (22.7M pairs)
Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in the United States
For the fourth year in a row, the United States recorded growth in shipments abroad of gloves, mittens and mitts; knitted or crocheted, which increased by 1% to 70M pairs in 2022. In general, exports showed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 96%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of gloves, mittens and mitts; knitted or crocheted expanded remarkably to $85M in 2022. The total export value increased at an average annual rate of +8.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 19% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Gloves, Mittens and Mitts; Knitted or Crocheted in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 30.8 | 31.7 | 38.1 | 43.8 | 12.5% |
| Mexico | 15.1 | 15.0 | 18.9 | 15.7 | 1.3% |
| Chile | 2.3 | 1.8 | 1.9 | 3.4 | 13.9% |
| Peru | 1.0 | 1.3 | 2.0 | 3.3 | 48.9% |
| Guatemala | 0.5 | 0.5 | 0.7 | 2.6 | 73.2% |
| Australia | 1.7 | 1.2 | 1.6 | 1.3 | -8.6% |
| United Kingdom | 2.5 | 2.4 | 1.7 | 1.2 | -21.7% |
| Brazil | 0.8 | 0.6 | 1.3 | 0.7 | -4.4% |
| Costa Rica | 0.7 | 0.8 | 1.0 | 0.4 | -17.0% |
| Others | 11.1 | 9.0 | 9.2 | 13.0 | 5.4% |
| Total | 66.5 | 64.3 | 76.4 | 85.2 | 8.6% |
Top Export Markets for Gloves, Mittens and Mitts; Knitted or Crocheted from the United States in 2022:
- Mexico (29.4M pairs)
- Canada (18.6M pairs)
- Peru (4.7M pairs)
- Chile (2.3M pairs)
- Guatemala (2.2M pairs)
- Australia (1.1M pairs)
- United Kingdom (0.8M pairs)
- Costa Rica (0.7M pairs)
- Brazil (0.5M pairs)
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This report provides an in-depth analysis of the knitted gloves market in the USA.
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This report provides an in-depth analysis of the knitted gloves market in the USA.
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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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