Global Gloves, Mittens and Mitts Market to Grow at a CAGR of +0.9% from 2024 to 2030

IndexBox has just published a new report: World - Gloves, Mittens And Mitts - Market Analysis, Forecast, Size, Trends and Insights.

The article discusses the expected growth of the global market for gloves, mittens, and mitts over the period from 2024 to 2030. The market is anticipated to expand with a compound annual growth rate of +0.9% in volume and +2.9% in value, reaching 2.6 billion pairs and $44.3 billion, respectively, by the end of 2030.

Market Forecast

Driven by increasing demand for gloves, mittens and mitts worldwide, the market is expected to continue an upward consumption trend over the next six-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.9% for the period from 2024 to 2030, which is projected to bring the market volume to 2.6B pairs by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.9% for the period from 2024 to 2030, which is projected to bring the market value to $44.3B (in nominal wholesale prices) by the end of 2030.

Consumption

World Consumption of Gloves, Mittens And Mitts

In 2024, approx. 2.5B pairs of gloves, mittens and mitts were consumed worldwide; growing by 7.1% compared with 2023 figures. In general, consumption recorded a prominent increase. Over the period under review, global consumption hit record highs at 2.5B pairs in 2022; afterwards, it flattened through to 2024.

The global leather gloves market size reached $37.3B in 2024, surging by 4.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate strong growth. Global consumption peaked at $39.2B in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2024 were China (314M pairs), Turkey (211M pairs) and Russia (186M pairs), with a combined 29% share of global consumption.

From 2013 to 2024, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Turkey (with a CAGR of +59.0%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest leather gloves markets worldwide were Turkey ($3B), Russia ($2.9B) and Pakistan ($2.8B), with a combined 23% share of the global market.

Among the main consuming countries, Turkey, with a CAGR of +59.8%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of leather gloves per capita consumption in 2024 were Turkey (2,445 pairs per 1000 persons), Russia (1,296 pairs per 1000 persons) and the United States (401 pairs per 1000 persons).

From 2013 to 2024, the biggest increases were recorded for Turkey (with a CAGR of +57.1%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Gloves, Mittens And Mitts

In 2024, global leather gloves production totaled 2.4B pairs, increasing by 5% compared with the previous year. Overall, production saw a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 103%. Global production peaked at 2.5B pairs in 2022; however, from 2023 to 2024, production failed to regain momentum.

In value terms, leather gloves production rose slightly to $38.6B in 2024 estimated in export price. Over the period under review, production recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 82%. Over the period under review, global production hit record highs at $40.6B in 2022; however, from 2023 to 2024, production stood at a somewhat lower figure.

Production By Country

The country with the largest volume of leather gloves production was China (453M pairs), accounting for 19% of total volume. Moreover, leather gloves production in China exceeded the figures recorded by the second-largest producer, Turkey (211M pairs), twofold. Russia (181M pairs) ranked third in terms of total production with a 7.7% share.

From 2013 to 2024, the average annual rate of growth in terms of volume in China stood at +10.4%. The remaining producing countries recorded the following average annual rates of production growth: Turkey (+92.0% per year) and Russia (-5.3% per year).

Imports

World Imports of Gloves, Mittens And Mitts

In 2024, purchases abroad of gloves, mittens and mitts increased by 11% to 346M pairs, rising for the fifth consecutive year after six years of decline. Overall, imports enjoyed a remarkable increase. The growth pace was the most rapid in 2021 when imports increased by 50% against the previous year. Over the period under review, global imports hit record highs in 2024 and are expected to retain growth in years to come.

In value terms, leather gloves imports contracted to $1.3B in 2024. In general, imports, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. Over the period under review, global imports hit record highs at $2.1B in 2014; however, from 2015 to 2024, imports remained at a lower figure.

Imports By Country

The United States represented the main importing country with an import of about 129M pairs, which reached 37% of total imports. Germany (34M pairs) took a 9.7% share (based on physical terms) of total imports, which put it in second place, followed by Poland (6.5%). The following importers - Spain (14M pairs), the Czech Republic (14M pairs), Sweden (13M pairs), France (13M pairs), the Netherlands (12M pairs), Belgium (9.5M pairs) and Italy (6.8M pairs) - together made up 24% of total imports.

Imports into the United States increased at an average annual rate of +18.7% from 2013 to 2024. At the same time, Belgium (+21.5%), Poland (+19.7%), Sweden (+18.0%), Spain (+17.9%), the Netherlands (+13.4%), the Czech Republic (+11.9%), Germany (+10.7%), France (+9.2%) and Italy (+5.1%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in the world, with a CAGR of +21.5% from 2013-2024. The United States (+25 p.p.), Poland (+4.6 p.p.), Germany (+2.9 p.p.), Spain (+2.6 p.p.), Sweden (+2.4 p.p.), Belgium (+2 p.p.) and the Netherlands (+1.6 p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($330M) constitutes the largest market for imported gloves, mittens and mitts worldwide, comprising 26% of global imports. The second position in the ranking was taken by Germany ($85M), with a 6.8% share of global imports. It was followed by France, with a 3.9% share.

From 2013 to 2024, the average annual rate of growth in terms of value in the United States stood at -1.9%. In the other countries, the average annual rates were as follows: Germany (-5.9% per year) and France (-6.4% per year).

Import Prices By Country

In 2024, the average leather gloves import price amounted to $3.6 per pair, waning by -21.2% against the previous year. In general, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 an increase of 8.1%. Over the period under review, average import prices hit record highs at $15 per pair in 2019; however, from 2020 to 2024, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($4.6 per pair), while Poland ($1.4 per pair) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Italy (-10.6%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Gloves, Mittens And Mitts

In 2024, after four years of growth, there was significant decline in overseas shipments of gloves, mittens and mitts, when their volume decreased by -6.7% to 227M pairs. Overall, exports, however, saw measured growth. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. The global exports peaked at 244M pairs in 2023, and then shrank in the following year.

In value terms, leather gloves exports fell to $1.2B in 2024. Over the period under review, exports saw a perceptible curtailment. The pace of growth was the most pronounced in 2021 with an increase of 11% against the previous year. Over the period under review, the global exports hit record highs at $2.1B in 2014; however, from 2015 to 2024, the exports remained at a lower figure.

Exports By Country

China prevails in exports structure, accounting for 141M pairs, which was near 62% of total exports in 2024. It was distantly followed by India (22M pairs), constituting a 9.9% share of total exports. Pakistan (9M pairs), the United States (7.2M pairs), Germany (6.5M pairs), the Netherlands (4.6M pairs) and the Czech Republic (4.6M pairs) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +4.5% from 2013 to 2024. At the same time, the United States (+32.7%), Germany (+11.8%), the Czech Republic (+9.2%), the Netherlands (+8.5%) and Pakistan (+7.8%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing exporter exported in the world, with a CAGR of +32.7% from 2013-2024. By contrast, India (-1.0%) illustrated a downward trend over the same period. The United States (+2.9 p.p.) and Germany (+1.5 p.p.) significantly strengthened its position in terms of the global exports, while India saw its share reduced by -7.8% from 2013 to 2024, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($339M), Pakistan ($271M) and India ($180M) appeared to be the countries with the highest levels of exports in 2024, together comprising 67% of global exports.

Pakistan, with a CAGR of +3.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.

Export Prices By Country

In 2024, the average leather gloves export price amounted to $5.2 per pair, declining by -7.1% against the previous year. Over the period under review, the export price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2018 an increase of 9.9%. The global export price peaked at $16 per pair in 2019; however, from 2020 to 2024, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2024, amid the top suppliers, the country with the highest price was Pakistan ($30 per pair), while the Czech Republic ($2.3 per pair) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by India (-3.7%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform