CIS: Leather Sports Gloves Market 2024

Leather Sports Gloves Market Size in CIS

The CIS leather sports gloves market contracted to $X in 2022, shrinking by -7.3% against the previous year. Over the period under review, consumption, however, saw a pronounced decline. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Leather Sports Gloves Production in CIS

In value terms, leather sports gloves production amounted to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 19,929%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Leather Sports Gloves Exports

Exports in CIS

Leather sports gloves exports dropped dramatically to X units in 2022, waning by -74.6% on 2021. Over the period under review, exports, however, posted a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 188%. As a result, the exports attained the peak of X units, and then reduced remarkably in the following year.

In value terms, leather sports gloves exports dropped sharply to $X in 2022. In general, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 152% against the previous year. As a result, the exports reached the peak of $X, and then dropped remarkably in the following year.

Exports by Country

Russia was the largest exporting country with an export of about X units, which finished at 60% of total exports. Belarus (X units) took the second position in the ranking, followed by Armenia (X units). All these countries together took approx. 35% share of total exports. Kazakhstan (X units) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to leather sports gloves exports from Russia stood at +21.0%. At the same time, Armenia (+100.6%), Belarus (+11.6%) and Kazakhstan (+6.9%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +100.6% from 2012-2022. From 2012 to 2022, the share of Russia, Armenia and Belarus increased by +38, +15 and +3.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest leather sports gloves supplier in the CIS, comprising 75% of total exports. The second position in the ranking was held by Armenia ($X), with an 18% share of total exports. It was followed by Belarus, with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia totaled +24.2%. In the other countries, the average annual rates were as follows: Armenia (+65.7% per year) and Belarus (-17.2% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per unit, jumping by 131% against the previous year. Over the period under review, the export price continues to indicate a tangible increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Russia ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+2.6%), while the other leaders experienced a decline in the export price figures.

Leather Sports Gloves Imports

Imports in CIS

In 2022, overseas purchases of leather sports gloves, mittens and mitts increased by 3.9% to X units, rising for the second year in a row after two years of decline. Overall, imports, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2018 with an increase of 37% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, leather sports gloves imports contracted to $X in 2022. In general, imports, however, recorded a perceptible downturn. The pace of growth was the most pronounced in 2021 with an increase of 45%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Russia was the major importer of leather sports gloves, mittens and mitts in the CIS, with the volume of imports reaching X units, which was near 55% of total imports in 2022. It was distantly followed by Azerbaijan (X units), Kyrgyzstan (X units), Armenia (X units) and Kazakhstan (X units), together making up a 36% share of total imports. The following importers - Belarus (X units) and Moldova (X units) - each recorded a 7.6% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to leather sports gloves imports into Russia stood at -5.4%. At the same time, Azerbaijan (+88.8%), Kyrgyzstan (+13.6%), Moldova (+5.2%) and Armenia (+1.7%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +88.8% from 2012-2022. By contrast, Kazakhstan (-4.7%) and Belarus (-8.2%) illustrated a downward trend over the same period. While the share of Azerbaijan (+19 p.p.), Kyrgyzstan (+4.8 p.p.), Armenia (+1.9 p.p.) and Moldova (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belarus (-3.7 p.p.) and Russia (-23.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported leather sports gloves, mittens and mitts in the CIS, comprising 72% of total imports. The second position in the ranking was held by Moldova ($X), with a 6.3% share of total imports. It was followed by Kazakhstan, with a 4.4% share.

In Russia, leather sports gloves imports shrank by an average annual rate of -5.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Moldova (+13.0% per year) and Kazakhstan (-9.1% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2022, reducing by -17.8% against the previous year. Over the period under review, the import price recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 16% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Moldova ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (+7.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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