Chile: Leather Sports Gloves Market 2024

Leather Sports Gloves Market Size in Chile

The Chilean leather sports gloves market contracted to $X in 2022, reducing by -6.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a strong increase. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Leather Sports Gloves Exports

Exports from Chile

In 2022, the amount of leather sports gloves, mittens and mitts exported from Chile surged to X units, increasing by 30% compared with the previous year. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 4,542% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, leather sports gloves exports soared to $X in 2022. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 8,759%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bolivia (X units) was the main destination for leather sports gloves exports from Chile, accounting for a 78% share of total exports. Moreover, leather sports gloves exports to Bolivia exceeded the volume sent to the second major destination, Uruguay (X units), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Bolivia stood at +29.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+232.7% per year) and Peru (+22.3% per year).

In value terms, Bolivia ($X) remains the key foreign market for leather sports gloves, mittens and mitts exports from Chile, comprising 87% of total exports. The second position in the ranking was taken by Peru ($X), with a 6.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Bolivia stood at +35.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+25.9% per year) and Uruguay (+125.6% per year).

Export Prices by Country

In 2022, the average leather sports gloves export price amounted to $X per unit, with an increase of 2.5% against the previous year. Over the period under review, the export price continues to indicate a temperate expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 91%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to Uruguay ($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 Bolivia (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.

Leather Sports Gloves Imports

Imports into Chile

After two years of growth, purchases abroad of leather sports gloves, mittens and mitts decreased by -24.6% to X units in 2022. Overall, imports, however, showed a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 92%. As a result, imports reached the peak of X units, and then shrank notably in the following year.

In value terms, leather sports gloves imports amounted to $X in 2022. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.2% 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 +117.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 115%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Pakistan (X units), China (X units) and the United States (X units) were the main suppliers of leather sports gloves imports to Chile, with a combined 86% share of total imports. Vietnam and South Korea lagged somewhat behind, together accounting for a further 4.5%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +164.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X) constituted the largest supplier of leather sports gloves, mittens and mitts to Chile, comprising 47% of total imports. The second position in the ranking was taken by China ($X), with a 22% share of total imports. It was followed by the United States, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Pakistan amounted to +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.4% per year) and the United States (+4.1% per year).

Import Prices by Country

In 2022, the average leather sports gloves import price amounted to $X per unit, rising by 34% against the previous year. Overall, the import price, however, showed a perceptible decline. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Vietnam ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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