Eastern Asia: Leather Sports Gloves Market 2024

Leather Sports Gloves Market Size in Eastern Asia

In 2022, the East Asian leather sports gloves market decreased by -5.2% to $X, falling for the second consecutive year after two years of growth. The total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -7.2% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Leather Sports Gloves Production in Eastern Asia

In value terms, leather sports gloves production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the production volume increased by 28%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Leather Sports Gloves Exports

Exports in Eastern Asia

In 2022, shipments abroad of leather sports gloves, mittens and mitts increased by 38% to X units, rising for the second consecutive year after two years of decline. In general, exports, however, saw a abrupt downturn. Over the period under review, the exports attained 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 surged to $X in 2022. Overall, exports, however, continue to indicate a pronounced descent. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, finishing at X units, which was near 91% of total exports in 2022. The following exporters - Hong Kong SAR (X units), South Korea (X units) and Japan (X units) - together made up 8% of total exports.

Exports from China decreased at an average annual rate of -7.0% from 2012 to 2022. At the same time, Japan (+7.6%) and South Korea (+6.7%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +7.6% from 2012-2022. By contrast, Hong Kong SAR (-17.3%) illustrated a downward trend over the same period. While the share of China (+6 p.p.), South Korea (+1.9 p.p.) and Japan (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hong Kong SAR (-6.9 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest leather sports gloves supplier in Eastern Asia, comprising 85% of total exports. The second position in the ranking was taken by Japan ($X), with a 6.3% share of total exports. It was followed by South Korea, with a 3.9% share.

In China, leather sports gloves exports decreased by an average annual rate of -1.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (+5.7% per year) and South Korea (+11.4% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +5.3%. The growth pace was the most rapid in 2013 an increase of 26%. The level of export peaked at $X per unit in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.5%), while the other leaders experienced more modest paces of growth.

Leather Sports Gloves Imports

Imports in Eastern Asia

Leather sports gloves imports expanded notably to X units in 2022, surging by 15% against the previous year's figure. In general, imports, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, leather sports gloves imports surged to $X in 2022. The total import value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 21%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

South Korea (X units) and Japan (X units) prevails in imports structure, together creating 85% of total imports. It was distantly followed by China (X units), making up a 7.7% share of total imports. The following importers - Hong Kong SAR (X units) and Taiwan (Chinese) (X units) - each finished at a 7.6% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +9.5%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, South Korea ($X), Japan ($X) and China ($X) constituted the countries with the highest levels of imports in 2022, together comprising 94% of total imports.

In terms of the main importing countries, China, with a CAGR of +16.2%, recorded the highest rates of growth with regard to 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 import price in Eastern Asia stood at $X per unit in 2022, growing by 3.3% against the previous year. Over the last decade, it increased at an average annual rate of +4.0%. The most prominent rate of growth was recorded in 2020 an increase of 20% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+8.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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