Cote d'Ivoire: Leather Sports Gloves Market 2024

Leather Sports Gloves Market Size in Cote d'Ivoire

In 2022, after two years of growth, there was significant decline in the Cote d'Ivoire's leather sports gloves market, when its value decreased by -14.7% to $X. Overall, consumption, however, enjoyed a buoyant expansion. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Leather Sports Gloves Production in Cote d'Ivoire

In value terms, leather sports gloves production amounted to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume decreased by 99.9% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Leather Sports Gloves Exports

Exports from Cote d'Ivoire

In 2022, shipments abroad of leather sports gloves, mittens and mitts was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports recorded a temperate expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 124% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, leather sports gloves exports contracted to $X in 2022. Overall, exports saw tangible growth. The most prominent rate of growth was recorded in 2015 with an increase of 132% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

France (X units), Senegal (X units) and South Africa (X units) were the main destinations of leather sports gloves exports from Cote d'Ivoire, with a combined 59% share of total exports. Kenya, Democratic Republic of the Congo, Belgium, Cameroon, the United States, Djibouti, Canada, Benin and Ghana lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Djibouti (with a CAGR of +55.6%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for leather sports gloves, mittens and mitts exports from Cote d'Ivoire, comprising 46% of total exports. The second position in the ranking was taken by Senegal ($X), with a 15% share of total exports. It was followed by Belgium, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value to France totaled +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+14.6% per year) and Belgium (+39.8% per year).

Export Prices by Country

The average leather sports gloves export price stood at $X per unit in 2022, with a decrease of -11.1% against the previous year. In general, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.6% 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 export price increased by +26.1% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 37%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Benin ($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 Democratic Republic of the Congo (+30.1%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Sports Gloves Imports

Imports into Cote d'Ivoire

For the fourth year in a row, Cote d'Ivoire recorded decline in purchases abroad of leather sports gloves, mittens and mitts, which decreased by -7.6% to X units in 2022. Overall, imports showed a deep slump. The pace of growth appeared the most rapid in 2015 when imports increased by 339% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, leather sports gloves imports reduced rapidly to $X in 2022. In general, imports recorded a abrupt descent. The growth pace was the most rapid in 2015 when imports increased by 436% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the UK (X units) constituted the largest leather sports gloves supplier to Cote d'Ivoire, accounting for a 51% share of total imports. Moreover, leather sports gloves imports from the UK exceeded the figures recorded by the second-largest supplier, Tunisia (X units), fivefold. The third position in this ranking was taken by the United States (X units), with a 7.6% share.

From 2012 to 2022, the average annual growth rate of volume from the UK totaled +65.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Tunisia (+14.5% per year) and the United States (+19.4% per year).

In value terms, the largest leather sports gloves suppliers to Cote d'Ivoire were the UK ($X), the United States ($X) and Canada ($X), with a combined 63% share of total imports.

The United States, with a CAGR of +33.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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, which is down by -8.4% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price 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, leather sports gloves import price increased by +33.5% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 46%. As a result, import price attained the peak level of $X per unit, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform