Australia: Leather Sports Gloves Market 2024

Leather Sports Gloves Market Size in Australia

In 2022, the Australian leather sports gloves market increased by 29% to $X, rising for the third consecutive year after two years of decline. Overall, consumption, however, continues to indicate a abrupt slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Leather Sports Gloves Exports

Exports from Australia

In 2022, the amount of leather sports gloves, mittens and mitts exported from Australia shrank significantly to X units, declining by -70.8% compared with the previous year. Overall, exports recorded a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 288% against the previous year. 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 reduced dramatically to $X in 2022. In general, exports recorded a mild downturn. The pace of growth was the most pronounced in 2014 when exports increased by 191% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for leather sports gloves exports from Australia, with a 43% share of total exports. Moreover, leather sports gloves exports to China exceeded the volume sent to the second major destination, New Zealand (X units), twofold. The third position in this ranking was held by Papua New Guinea (X units), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to +35.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (-24.9% per year) and Papua New Guinea (+13.0% per year).

In value terms, China ($X) emerged as the key foreign market for leather sports gloves, mittens and mitts exports from Australia, comprising 43% of total exports. The second position in the ranking was held by New Zealand ($X), with an 18% share of total exports. It was followed by Papua New Guinea, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to +40.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (-9.7% per year) and Papua New Guinea (+9.5% per year).

Export Prices by Country

In 2022, the average leather sports gloves export price amounted to $X per unit, growing by 8.2% against the previous year. In general, the export price saw a resilient expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 183%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Vanuatu ($X per unit) and the United States ($X per unit), while the average price for exports to Hong Kong SAR ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+28.8%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Sports Gloves Imports

Imports into Australia

In 2022, overseas purchases of leather sports gloves, mittens and mitts increased by 27% to X units, rising for the third year in a row after two years of decline. In general, imports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 30%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, leather sports gloves imports soared to $X in 2022. Overall, total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of leather sports gloves to Australia, with a 40% share of total imports. Moreover, leather sports gloves imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X units), threefold. India (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+1.2% per year) and India (-20.3% per year).

In value terms, China ($X) constituted the largest supplier of leather sports gloves, mittens and mitts to Australia, comprising 40% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 14% share of total imports. It was followed by India, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+2.8% per year) and India (+1.5% per year).

Import Prices by Country

The average leather sports gloves import price stood at $X per unit in 2022, falling by -5% against the previous year. In general, the import price, however, posted a prominent increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by 253%. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then contracted in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($X per unit) and the Philippines ($X per unit), while the price for Hong Kong SAR ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+27.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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