Canada: Leather Sports Gloves Market 2024

Leather Sports Gloves Market Size in Canada

In 2022, the Canadian leather sports gloves market increased by 56% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +101.5% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Leather Sports Gloves Exports

Exports from Canada

In 2022, leather sports gloves exports from Canada fell modestly to X units, approximately mirroring the previous year. In general, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 30%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, leather sports gloves exports fell notably to $X in 2022. Overall, exports showed a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of 98% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for leather sports gloves exports from Canada, with a 89% share of total exports. It was followed by Finland (X units), with a 2.7% share of total exports. Australia (X units) ranked third in terms of total exports with a 1.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (-14.1% per year) and Australia (-2.0% per year).

In value terms, the United States ($X) remains the key foreign market for leather sports gloves, mittens and mitts exports from Canada, comprising 89% of total exports. The second position in the ranking was taken by Finland ($X), with a 2.7% share of total exports. It was followed by Australia, with a 1.6% share.

From 2012 to 2022, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (-10.2% per year) and Australia (+2.6% per year).

Export Prices by Country

The average leather sports gloves export price stood at $X per unit in 2022, dropping by -32% against the previous year. Overall, the export price, however, continues to indicate noticeable growth. The pace of growth was the most pronounced in 2018 an increase of 79%. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then declined rapidly in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per unit) and Finland ($X per unit), while the average price for exports to Germany ($X per unit) and Australia ($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 Australia (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Sports Gloves Imports

Imports into Canada

In 2022, purchases abroad of leather sports gloves, mittens and mitts increased by 51% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded a relatively flat trend pattern. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, leather sports gloves imports skyrocketed to $X in 2022. In general, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +98.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia (X units), China (X units) and Vietnam (X units) were the main suppliers of leather sports gloves imports to Canada, with a combined 68% share of total imports. Thailand, the Philippines, Pakistan and Cambodia lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +16.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), China ($X) and Vietnam ($X) constituted the largest leather sports gloves suppliers to Canada, together accounting for 68% of total imports. Thailand, the Philippines, Pakistan and Cambodia lagged somewhat behind, together accounting for a further 26%.

Cambodia, with a CAGR of +23.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average leather sports gloves import price stood at $X per unit in 2022, with an increase of 1.6% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 an increase of 28% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 Thailand ($X per unit) and Cambodia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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