Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Uruguay - 2023

Contents:

1. Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Uruguay (CIF) - 2022
2. Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Uruguay (FOB) - 2022
3. Imports of Gloves, Mittens and Mitts; Knitted or Crocheted in Uruguay
4. Exports of Gloves, Mittens and Mitts; Knitted or Crocheted in Uruguay

Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Uruguay (CIF) - 2022

The average import price for gloves, mittens and mitts; knitted or crocheted stood at $788 per thousand pairs in 2022, remaining stable against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 18%. Over the period under review, average import prices attained the peak figure at $799 per thousand pairs in 2012; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sri Lanka ($3 per pair), while the price for Hong Kong SAR ($358 per thousand pairs) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Gloves, Mittens and Mitts; Knitted or Crocheted in Uruguay (FOB) - 2022

In 2022, the average export price for gloves, mittens and mitts; knitted or crocheted amounted to $6.3 per pair, increasing by 64% against the previous year. Overall, the export price, however, showed a abrupt setback. The growth pace was the most rapid in 2021 when the average export price increased by 770%. The export price peaked at $16 per pair in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($28 per pair), while the average price for exports to Peru ($3.1 per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+241.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of gloves, mittens and mitts; knitted or crocheted into Uruguay amounted to 2.9M pairs, surging by 11% compared with the previous year's figure. The total import volume increased at an average annual rate of +10.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 22%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, imports of gloves, mittens and mitts; knitted or crocheted rose remarkably to $2.3M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +16.6% 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 +60.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 44%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.

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

1. China (2558.5K pairs)
2. Hong Kong SAR (105.6K pairs)
3. United States (70.4K pairs)

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

In 2022, overseas shipments of gloves, mittens and mitts; knitted or crocheted decreased by -16.7% to 890 pairs, falling for the second consecutive year after two years of growth. In general, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 3,443% against the previous year. As a result, the exports reached the peak of 20K 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 skyrocketed to $5.6K in 2022. Overall, exports, however, posted buoyant growth. The growth pace was the most rapid in 2020 with an increase of 83% against the previous year. As a result, the exports attained the peak of $8.7K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. Peru (562.0 pairs)
2. Free Zones (206.0 pairs)
3. Italy (59.0 pairs)
4. United States (50.0 pairs)

Source: IndexBox Market Intelligence Platform