Bangladesh: Leather Sports Gloves Market 2024

Leather Sports Gloves Market Size in Bangladesh

The Bangladeshi leather sports gloves market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption, however, continues to indicate a deep setback. Leather sports gloves consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Leather Sports Gloves Production in Bangladesh

In value terms, leather sports gloves production amounted to $X in 2022 estimated in export price. In general, the total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.0% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 36%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Leather Sports Gloves Exports

Exports from Bangladesh

In 2022, after two years of growth, there was significant decline in shipments abroad of leather sports gloves, mittens and mitts, when their volume decreased by -26.2% to X units. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 388% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, leather sports gloves exports contracted markedly to $X in 2022. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 502%. Over the period under review, the exports hit record highs at $X in 2021, and then fell markedly in the following year.

Exports by Country

Italy (X units), the United States (X units) and Japan (X units) were the main destinations of leather sports gloves exports from Bangladesh, together comprising 55% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +81.5%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the United States ($X) and Japan ($X) constituted the largest markets for leather sports gloves exported from Bangladesh worldwide, with a combined 63% share of total exports.

The United States, with a CAGR of +126.3%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average leather sports gloves export price amounted to $X per unit, picking up by 4.9% against the previous year. In general, the export price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 an increase of 65% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Sports Gloves Imports

Imports into Bangladesh

In 2022, approx. X units of leather sports gloves, mittens and mitts were imported into Bangladesh; growing by 147% on the previous year. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 477% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, leather sports gloves imports declined sharply to $X in 2022. In general, imports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2013 with an increase of 427%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, India (X units) was the main supplier of leather sports gloves to Bangladesh, with a 98% share of total imports. It was followed by China (X units), with a 1.3% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from India stood at +2.6%.

In value terms, India ($X) constituted the largest supplier of leather sports gloves, mittens and mitts to Bangladesh, comprising 64% of total imports. The second position in the ranking was held by China ($X), with a 7.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from India was relatively modest.

Import Prices by Country

In 2022, the average leather sports gloves import price amounted to $X per unit, dropping by -69.9% against the previous year. Overall, the import price saw a deep reduction. The growth pace was the most rapid in 2021 when the average import price increased by 84% against the previous year. As a result, import price reached the peak level of $X per unit, and then declined dramatically in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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