Australia and Oceania: Gloves Market 2024

Gloves Market Size in Australia and Oceania

The gloves market in Australia and Oceania expanded rapidly to $X in 2022, growing by 14% against the previous year. Overall, consumption recorded buoyant growth. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Gloves Production in Australia and Oceania

In value terms, gloves production dropped modestly to $X in 2022 estimated in export price. In general, production, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by 511%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Gloves Exports

Exports in Australia and Oceania

In 2022, the amount of gloves, mittens and mitts (excluding knitted or crocheted) exported in Australia and Oceania dropped markedly to X pairs, reducing by -32.3% against the year before. In general, exports showed a noticeable decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 32%. As a result, the exports reached the peak of X pairs, and then dropped sharply in the following year.

In value terms, gloves exports contracted rapidly to $X in 2022. Over the period under review, exports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2018 when exports increased by 62%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Australia represented the main exporter of gloves, mittens and mitts (excluding knitted or crocheted) in Australia and Oceania, with the volume of exports reaching X pairs, which was approx. 74% of total exports in 2022. It was distantly followed by New Zealand (X pairs), generating a 21% share of total exports. Fiji (X pairs) held a minor share of total exports.

Exports from Australia decreased at an average annual rate of -4.4% from 2012 to 2022. At the same time, Fiji (+6.6%) and New Zealand (+5.4%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +6.6% from 2012-2022. From 2012 to 2022, the share of New Zealand and Fiji increased by +12 and +2.2 percentage points, respectively.

In value terms, Australia ($X) remains the largest gloves supplier in Australia and Oceania, comprising 89% of total exports. The second position in the ranking was held by New Zealand ($X), with a 7.8% share of total exports.

In Australia, gloves exports expanded at an average annual rate of +7.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (-0.2% per year) and Fiji (+25.8% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per pair in 2022, increasing by 22% against the previous year. Overall, the export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2018 an increase of 78% against the previous year. Over the period under review, the export prices reached the maximum at $X per pair 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 Australia ($X per pair), while New Zealand ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Fiji (+18.0%), while the other leaders experienced mixed trends in the export price figures.

Gloves Imports

Imports in Australia and Oceania

In 2022, approx. X pairs of gloves, mittens and mitts (excluding knitted or crocheted) were imported in Australia and Oceania; reducing by -1.5% compared with the previous year's figure. Over the period under review, imports showed a abrupt decline. The growth pace was the most rapid in 2013 with an increase of 38% against the previous year. The volume of import peaked at X pairs in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, gloves imports reduced to $X in 2022. The total import value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

Australia represented the key importer of gloves, mittens and mitts (excluding knitted or crocheted) in Australia and Oceania, with the volume of imports finishing at X pairs, which was near 73% of total imports in 2022. It was distantly followed by New Zealand (X pairs), generating an 18% share of total imports. The following importers - Fiji (X pairs) and Papua New Guinea (X pairs) - each resulted at a 6.4% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to gloves imports into Australia stood at -6.7%. Fiji and New Zealand experienced a relatively flat trend pattern. Papua New Guinea (-2.7%) illustrated a downward trend over the same period. While the share of New Zealand (+7.3 p.p.) and Fiji (+1.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (-10.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported gloves, mittens and mitts (excluding knitted or crocheted) in Australia and Oceania, comprising 78% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 19% share of total imports. It was followed by Papua New Guinea, with a 1.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at +2.3%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+5.6% per year) and Papua New Guinea (-4.6% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per pair, reducing by -4.9% against the previous year. In general, the import price, however, showed resilient growth. The pace of growth was the most pronounced in 2018 an increase of 116%. The level of import peaked at $X per pair in 2021, and then declined modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per pair), while Fiji ($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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