Asia: Leather Sports Gloves Market 2024

Leather Sports Gloves Market Size in Asia

The Asian leather sports gloves market shrank to $X in 2022, reducing by -8.8% against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Leather Sports Gloves Production in Asia

In value terms, leather sports gloves production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 4.2% against the previous year. Over the period under review, production reached the peak level at $X in 2018; afterwards, it flattened through to 2022.

Leather Sports Gloves Exports

Exports in Asia

In 2022, overseas shipments of leather sports gloves, mittens and mitts increased by 19% to X units, rising for the second consecutive year after eight years of decline. Overall, exports, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, leather sports gloves exports skyrocketed to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 28% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

The shipments of the three major exporters of leather sports gloves, mittens and mitts, namely Thailand, Indonesia and China, represented more than half of total export. Vietnam (X units) held a 12% share (based on physical terms) of total exports, which put it in second place, followed by Pakistan (7.4%) and the Philippines (7.1%). India (X units) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +11.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest leather sports gloves supplying countries in Asia were Indonesia ($X), Thailand ($X) and China ($X), with a combined 56% share of total exports. Vietnam, Pakistan, the Philippines and India lagged somewhat behind, together accounting for a further 40%.

Vietnam, with a CAGR of +5.9%, 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 leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, remaining stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2013 an increase of 16%. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Pakistan ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+13.6%), while the other leaders experienced more modest paces of growth.

Leather Sports Gloves Imports

Imports in Asia

In 2022, overseas purchases of leather sports gloves, mittens and mitts increased by 11% to X units, rising for the second consecutive year after two years of decline. Overall, imports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 21%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, leather sports gloves imports expanded rapidly to $X in 2022. In general, imports, however, showed a slight slump. The most prominent rate of growth was recorded in 2021 with an increase of 23%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

South Korea (X units) and Japan (X units) represented the major importers of leather sports gloves, mittens and mitts in 2022, amounting to near 35% and 24% of total imports, respectively. India (X units) took the next position in the ranking, followed by China (X units) and Thailand (X units). All these countries together held approx. 16% share of total imports. Indonesia (X units), Hong Kong SAR (X units), Taiwan (Chinese) (X units), Singapore (X units), Turkey (X units) and Malaysia (X units) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +20.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest leather sports gloves importing markets in Asia were South Korea ($X), Japan ($X) and China ($X), with a combined 83% share of total imports. Hong Kong SAR, Singapore, Taiwan (Chinese), Indonesia, India, Turkey, Thailand and Malaysia lagged somewhat behind, together comprising a further 13%.

Indonesia, with a CAGR of +22.7%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, growing by 2.7% against the previous year. Import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.2% 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 +82.5% against 2012 indices. The pace of growth was the most pronounced in 2017 an increase of 16%. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+8.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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