Asia-Pacific: Leather Sports Gloves Market 2024

Leather Sports Gloves Market Size in Asia-Pacific

The Asia-Pacific leather sports gloves market fell to $X in 2022, dropping by -8.5% against the previous year. The market value increased at an average annual rate of +2.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Leather Sports Gloves Production in Asia-Pacific

In value terms, leather sports gloves production amounted 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; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 4.2% against the previous year. Over the period under review, production attained the peak level at $X in 2018; afterwards, it flattened through to 2022.

Leather Sports Gloves Exports

Exports in Asia-Pacific

In 2022, overseas shipments of leather sports gloves, mittens and mitts increased by 20% to X units, rising for the second consecutive year after eight years of decline. In general, exports, however, saw a perceptible contraction. The growth pace was the most rapid in 2021 with an increase of 29%. Over the period under review, the exports attained 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. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 28% 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.

Exports by Country

Thailand (X units), Indonesia (X units) and China (X units) represented roughly 66% of total exports in 2022. Vietnam (X units) took a 12% share (based on physical terms) of total exports, which put it in second place, followed by Pakistan (7.5%) and the Philippines (7.1%). India (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Thailand (with a CAGR of +11.0%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Thailand ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 56% share of total exports. Vietnam, Pakistan, the Philippines and India lagged somewhat behind, together comprising a further 40%.

Vietnam, with a CAGR of +5.9%, recorded the highest rates of growth with regard to the value of exports, among 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 2022, the export price in Asia-Pacific amounted to $X per unit, approximately equating the previous year. Over the last decade, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2013 when the export price increased by 16%. The level of export peaked at $X per unit in 2019; however, from 2020 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 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-Pacific

In 2022, purchases abroad of leather sports gloves, mittens and mitts increased by 13% to X units, rising for the second consecutive year after eight years of decline. Overall, imports, however, recorded a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 19% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, leather sports gloves imports expanded rapidly to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 24%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

The purchases of the three major importers of leather sports gloves, mittens and mitts, namely South Korea, Japan and Australia, represented more than two-thirds of total import. India (X units) ranks next in terms of the total imports with a 5.9% share, followed by China (4.9%). Thailand (X units), Indonesia (X units), Hong Kong SAR (X units), Taiwan (Chinese) (X units), New Zealand (X units), Singapore (X units) and Malaysia (X units) held a relatively small 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-Pacific were South Korea ($X), Japan ($X) and Australia ($X), with a combined 80% share of total imports. China, Hong Kong SAR, New Zealand, Singapore, Taiwan (Chinese), Indonesia, India, Thailand and Malaysia lagged somewhat behind, together comprising a further 19%.

Among the main importing countries, Indonesia, with a CAGR of +22.7%, recorded 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 Asia-Pacific stood at $X per unit in 2022, with an increase of 1.7% against the previous year. In general, the import price continues to indicate a prominent expansion. The growth pace was the most rapid in 2018 an increase of 39% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain 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 Australia (+18.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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