Asia-Pacific: Gloves Market 2025

Gloves Market Size in Asia-Pacific

The Asia-Pacific gloves market reduced slightly to $X in 2022, shrinking by -3.4% against the previous year. The market value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Gloves Production in Asia-Pacific

In value terms, gloves production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 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 2018 with an increase of 14% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Gloves Exports

Exports in Asia-Pacific

Gloves exports soared to X pairs in 2022, growing by 70% against the year before. Over the period under review, exports continue to indicate temperate growth. The pace of growth was the most pronounced in 2016 when exports increased by 84% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, gloves exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, accounting for X pairs, which was near 84% of total exports in 2022. It was distantly followed by Vietnam (X pairs), generating a 5.9% share of total exports. Indonesia (X pairs) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to gloves exports from China stood at +4.8%. At the same time, Indonesia (+8.0%) and Vietnam (+3.2%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +8.0% from 2012-2022. While the share of China (+4.2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest gloves supplier in Asia-Pacific, comprising 56% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 17% share of total exports.

In China, gloves exports expanded at an average annual rate of +1.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+5.8% per year) and Indonesia (+7.8% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per pair in 2022, waning by -30.8% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 108%. The level of export peaked at $X per pair in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per pair), while China ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+2.5%), while the other leaders experienced a decline in the export price figures.

Gloves Imports

Imports in Asia-Pacific

In 2022, supplies from abroad of gloves, mittens and mitts (excluding knitted or crocheted) increased by 47% to X pairs, rising for the second year in a row after three years of decline. In general, imports, however, showed a relatively flat trend pattern. The volume of import peaked at X pairs in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, gloves imports rose remarkably to $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 17%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

The countries with the highest levels of gloves imports in 2022 were Indonesia (X pairs), Japan (X pairs) and South Korea (X pairs), together resulting at 63% of total import. Malaysia (X pairs) held a 6.7% share (based on physical terms) of total imports, which put it in second place, followed by Australia (6.3%). The following importers - Taiwan (Chinese) (X pairs), China (X pairs), Hong Kong SAR (X pairs), Singapore (X pairs), Myanmar (X pairs), Thailand (X pairs) and New Zealand (X pairs) - together made up 19% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Myanmar (with a CAGR of +75.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported gloves, mittens and mitts (excluding knitted or crocheted) in Asia-Pacific, comprising 37% of total imports. The second position in the ranking was held by South Korea ($X), with a 14% share of total imports. It was followed by Australia, with a 12% share.

In Japan, gloves imports plunged by an average annual rate of -1.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (-0.8% per year) and Australia (+2.3% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per pair, reducing by -22.1% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 88% against the previous year. Over the period under review, import prices reached the peak figure at $X per pair in 2021, and then shrank rapidly in the following year.

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 Thailand ($X per pair), while Myanmar ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+9.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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