China: Gloves Market 2024

Gloves Market Size in China

In 2022, the Chinese gloves market decreased by -22.7% to $X, falling for the second year in a row after four years of growth. Overall, consumption, however, showed a mild setback. Gloves consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Gloves Production in China

In value terms, gloves production shrank to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 7.9% against the previous year. Gloves production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Gloves Exports

Exports from China

In 2022, approx. X pairs of gloves, mittens and mitts (excluding knitted or crocheted) were exported from China; picking up by 84% on the previous year's figure. Over the period under review, exports posted a measured expansion. The most prominent rate of growth was recorded in 2016 with an increase of 155%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, gloves exports expanded remarkably to $X in 2022. The total export value increased at an average annual rate of +1.7% 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 when exports increased by 26%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X pairs) was the main destination for gloves exports from China, with a 32% share of total exports. Moreover, gloves exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X pairs), fourfold. Japan (X pairs) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+17.7% per year) and Japan (+4.8% per year).

In value terms, the United States ($X) remains the key foreign market for gloves, mittens and mitts (excluding knitted or crocheted) exports from China, comprising 33% of total exports. The second position in the ranking was held by Japan ($X), with a 7.7% share of total exports. It was followed by Canada, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-2.8% per year) and Canada (+0.9% per year).

Export Prices by Country

In 2022, the average gloves export price amounted to $X per pair, with a decrease of -37.6% against the previous year. Overall, the export price recorded a noticeable contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 175% against the previous year. Over the period under review, the average export prices hit record highs at $X per pair in 2015; however, from 2016 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 the UK ($X per pair), while the average price for exports to Indonesia ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+3.5%), while the prices for the other major destinations experienced mixed trend patterns.

Gloves Imports

Imports into China

Gloves imports into China surged to X pairs in 2022, with an increase of 197% on the previous year. In general, imports enjoyed a prominent expansion. The growth pace was the most rapid in 2014 when imports increased by 262% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, gloves imports soared to $X in 2022. Over the period under review, imports saw prominent growth. The growth pace was the most rapid in 2014 when imports increased by 69% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Vietnam (X pairs), Pakistan (X pairs) and Germany (X pairs) were the main suppliers of gloves imports to China, with a combined 54% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +44.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constituted the largest supplier of gloves, mittens and mitts (excluding knitted or crocheted) to China, comprising 34% of total imports. The second position in the ranking was taken by Cambodia ($X), with a 14% share of total imports. It was followed by Indonesia, with a 9% share.

From 2012 to 2022, the average annual growth rate of value from Vietnam stood at +27.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Cambodia (+34.9% per year) and Indonesia (+27.0% per year).

Import Prices by Country

The average gloves import price stood at $X per pair in 2022, reducing by -51.3% against the previous year. In general, the import price recorded a noticeable descent. The most prominent rate of growth was recorded in 2018 an increase of 49%. The import price peaked at $X per pair in 2021, and then declined significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per pair), while the price for Myanmar ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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