China: Leather Sports Gloves Market 2024

Leather Sports Gloves Market Size in China

In 2022, the Chinese leather sports gloves market decreased by -16.6% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, showed a buoyant expansion. Leather sports gloves consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Leather Sports Gloves Production in China

In value terms, leather sports gloves production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 28% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Leather Sports Gloves Exports

Exports from China

In 2022, overseas shipments of leather sports gloves, mittens and mitts increased by 42% to X units, rising for the second consecutive year after two years of decline. In general, exports, however, recorded a abrupt downturn. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, leather sports gloves exports skyrocketed to $X in 2022. Overall, exports, however, showed a slight slump. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for leather sports gloves exports from China, accounting for a 41% share of total exports. Moreover, leather sports gloves exports to the United States exceeded the volume sent to the second major destination, Canada (X units), threefold. The third position in this ranking was taken by the Philippines (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to -8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+2.4% per year) and the Philippines (+46.5% per year).

In value terms, the United States ($X) remains the key foreign market for leather sports gloves, mittens and mitts exports from China, comprising 32% of total exports. The second position in the ranking was taken by Canada ($X), with a 15% share of total exports. It was followed by Japan, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+10.0% per year) and Japan (-5.2% per year).

Export Prices by Country

In 2022, the average leather sports gloves export price amounted to $X per unit, flattening at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.5%. The pace of growth was the most pronounced in 2013 when the average export price increased by 26% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Brazil ($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 the United Arab Emirates (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Sports Gloves Imports

Imports into China

Leather sports gloves imports into China rose remarkably to X units in 2022, increasing by 8.4% compared with the previous year's figure. Over the period under review, imports posted a prominent increase. The pace of growth appeared the most rapid in 2018 when imports increased by 70% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, leather sports gloves imports skyrocketed to $X in 2022. In general, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 68% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Thailand (X units), Vietnam (X units) and Indonesia (X units) were the main suppliers of leather sports gloves imports to China, with a combined 82% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +33.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest leather sports gloves suppliers to China were Vietnam ($X), Thailand ($X) and Indonesia ($X), together accounting for 81% of total imports.

Among the main suppliers, Thailand, with a CAGR of +26.0%, saw the highest growth rate of the value of imports, 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, surging by 37% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, leather sports gloves import price increased by +89.6% against 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 ($X per unit), while the price for Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+57.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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