Colombia: Gloves Market 2024

Gloves Market Size in Colombia

The Colombian gloves market stood at $X in 2022, flattening at the previous year. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Gloves Production in Colombia

In value terms, gloves production stood at $X in 2022 estimated in export price. Overall, production saw a mild reduction. The pace of growth was the most pronounced in 2013 with an increase of 28% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Gloves Exports

Exports from Colombia

In 2022, gloves exports from Colombia contracted to X pairs, falling by -6.8% against 2021. Overall, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 136% against the previous year. The exports peaked at X pairs in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, gloves exports declined significantly to $X in 2022. In general, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 121% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X pairs), Chile (X pairs) and Peru (X pairs) were the main destinations of gloves exports from Colombia, with a combined 15% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +35.5%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Chile ($X) and Peru ($X) were the largest markets for gloves exported from Colombia worldwide, with a combined 95% share of total exports.

The United States, with a CAGR of +129.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average gloves export price stood at $X per pair in 2021, picking up by 29% against the previous year. In general, the export price, however, continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2013 an increase of 34% against the previous year. As a result, the export price reached the peak level of $X per pair. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per pair), while the average price for exports to the Dominican Republic ($X per pair) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+25.6%), while the prices for the other major destinations experienced more modest paces of growth.

Gloves Imports

Imports into Colombia

In 2022, the amount of gloves, mittens and mitts (excluding knitted or crocheted) imported into Colombia rose modestly to X pairs, surging by 3% on 2021 figures. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 50% against the previous year. Imports peaked at X pairs in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, gloves imports reduced slightly to $X in 2022. Overall, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -17.8% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 49% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X pairs) constituted the largest gloves supplier to Colombia, accounting for a 13% share of total imports. Moreover, gloves imports from China exceeded the figures recorded by the second-largest supplier, Pakistan (X pairs), more than tenfold. Sri Lanka (X pairs) ranked third in terms of total imports with a 0.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+3.6% per year) and Sri Lanka (+67.1% per year).

In value terms, China ($X) constituted the largest supplier of gloves, mittens and mitts (excluding knitted or crocheted) to Colombia, comprising 55% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 9.7% share of total imports. It was followed by Pakistan, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+14.3% per year) and Pakistan (+14.1% per year).

Import Prices by Country

The average gloves import price stood at $X per pair in 2021, growing by 11% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, gloves import price decreased by -19.2% against 2019 indices. The growth pace was the most rapid in 2014 when the average import price increased by 81%. As a result, import price reached the peak level of $X per pair. From 2015 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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