Argentina: Leather Sports Gloves Market 2024

Leather Sports Gloves Market Size in Argentina

The Argentinian leather sports gloves market shrank dramatically to $X in 2022, falling by -47.8% 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 saw a abrupt curtailment. Leather sports gloves consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Leather Sports Gloves Exports

Exports from Argentina

After four years of growth, shipments abroad of leather sports gloves, mittens and mitts decreased by -13.6% to X units in 2022. In general, exports recorded a perceptible contraction. The pace of growth was the most pronounced in 2014 with an increase of 483%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, leather sports gloves exports expanded sharply to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 357% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Peru (X units), the UK (X units) and Costa Rica (X units) were the main destinations of leather sports gloves exports from Argentina, with a combined 47% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Costa Rica (with a CAGR of +32.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for leather sports gloves exported from Argentina were the UK ($X), the United States ($X) and New Zealand ($X), together comprising 51% of total exports.

In terms of the main countries of destination, New Zealand, with a CAGR of +37.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average leather sports gloves export price stood at $X per unit in 2022, surging by 30% against the previous year. Overall, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, leather sports gloves export price decreased by -14.5% against 2020 indices. The growth pace was the most rapid in 2018 an increase of 41%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Costa Rica ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Sports Gloves Imports

Imports into Argentina

In 2022, supplies from abroad of leather sports gloves, mittens and mitts decreased by -56.1% to X units, falling for the sixth consecutive year after two years of growth. In general, imports continue to indicate a sharp reduction. The pace of growth was the most pronounced in 2015 with an increase of 76% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, leather sports gloves imports fell notably to $X in 2022. Overall, imports faced a deep setback. The most prominent rate of growth was recorded in 2015 when imports increased by 28%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Pakistan (X units), China (X units) and South Korea (X units) were the main suppliers of leather sports gloves imports to Argentina, together accounting for 66% of total imports. Indonesia, Vietnam, Thailand and Cambodia lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Cambodia (with a CAGR of +38.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Pakistan ($X), Indonesia ($X) and Thailand ($X) constituted the largest leather sports gloves suppliers to Argentina, together comprising 68% of total imports. China, Vietnam, South Korea and Cambodia lagged somewhat behind, together accounting for a further 26%.

In terms of the main suppliers, South Korea, with a CAGR of +33.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average leather sports gloves import price stood at $X per unit in 2022, picking up by 32% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, leather sports gloves import price increased by +69.8% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 62% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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