MENA: Gloves Market 2024

Gloves Market Size in MENA

The MENA's gloves market expanded sharply to $X in 2023, with an increase of X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Gloves Production in MENA

In value terms, gloves production rose sharply to $X in 2023 estimated in export price. Over the period under review, production recorded a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Gloves Exports

Exports in MENA

In 2023, overseas shipments of gloves, mittens and mitts (excluding knitted or crocheted) increased by X% to X pairs, rising for the third year in a row after three years of decline. Over the period under review, exports continue to indicate a strong increase. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the immediate term.

In value terms, gloves exports skyrocketed to $X in 2023. Overall, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2023 and are likely to see steady growth in the immediate term.

Exports by Country

In 2023, Turkey (X pairs) represented the major exporter of gloves, mittens and mitts (excluding knitted or crocheted), mixing up X% of total exports. Egypt (X pairs) held the second position in the ranking, followed by the United Arab Emirates (X pairs) and Tunisia (X pairs). All these countries together took near X% share of total exports. Morocco (X pairs) held a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to gloves exports from Turkey stood at X%. At the same time, Egypt (X%), Tunisia (X%), Morocco (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. While the share of Egypt (X p.p.) and Turkey (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Morocco (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), Egypt ($X) and Tunisia ($X) were the countries with the highest levels of exports in 2023, together comprising X% of total exports.

Egypt, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in MENA amounted to $X per pair, which is down by X% against the previous year. Overall, the export price, however, saw a notable expansion. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the export prices hit record highs at $X per pair in 2022, and then declined in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Egypt ($X per pair), while the United Arab Emirates ($X per pair) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced more modest paces of growth.

Gloves Imports

Imports in MENA

In 2023, the amount of gloves, mittens and mitts (excluding knitted or crocheted) imported in MENA soared to X pairs, jumping by X% against the year before. Overall, imports, however, faced a abrupt descent. The volume of import peaked at X pairs in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, gloves imports rose sharply to $X in 2023. In general, imports, however, saw a noticeable shrinkage. The level of import peaked at $X in 2015; however, from 2016 to 2023, imports failed to regain momentum.

Imports by Country

The purchases of the four major importers of gloves, mittens and mitts (excluding knitted or crocheted), namely Qatar, Turkey, the United Arab Emirates and Saudi Arabia, represented more than half of total import. It was distantly followed by Israel (X pairs) and Oman (X pairs), together making up a X% share of total imports. The following importers - Kuwait (X pairs), Lebanon (X pairs), Bahrain (X pairs), Jordan (X pairs), Iraq (X pairs), Egypt (X pairs) and Morocco (X pairs) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Israel (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest gloves importing markets in MENA were Turkey ($X), Israel ($X) and the United Arab Emirates ($X), with a combined X% share of total imports.

In terms of the main importing countries, Israel, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per pair in 2023, falling by X% against the previous year. Overall, the import price, however, showed prominent growth. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per pair in 2022, and then fell in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Israel ($X per pair), while Qatar ($X per pair) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform