Estonia: Leather Sports Gloves Market 2024

Leather Sports Gloves Market Size in Estonia

The Estonian leather sports gloves market reached $X in 2022, rising by 12% against the previous year. Over the period under review, consumption saw slight growth. Leather sports gloves consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Leather Sports Gloves Production in Estonia

In value terms, leather sports gloves production stood at $X in 2022 estimated in export price. In general, production saw a sharp slump. The most prominent rate of growth was recorded in 2013 with a decrease of 99.9%. Leather sports gloves production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Leather Sports Gloves Exports

Exports from Estonia

In 2022, shipments abroad of leather sports gloves, mittens and mitts was finally on the rise to reach X units after six years of decline. Over the period under review, exports, however, saw a deep reduction. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, leather sports gloves exports soared to $X in 2022. Overall, exports, however, faced a drastic downturn. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Belarus (X units), Kazakhstan (X units) and Finland (X units) were the main destinations of leather sports gloves exports from Estonia, together accounting for 75% of total exports. Uzbekistan, Russia, Armenia, Norway, Lithuania and Latvia lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uzbekistan (with a CAGR of +49.0%), while the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), Kazakhstan ($X) and Russia ($X) appeared to be the largest markets for leather sports gloves exported from Estonia worldwide, with a combined 68% share of total exports. Finland, Latvia, Uzbekistan, Lithuania, Norway and Armenia lagged somewhat behind, together comprising a further 22%.

Among the main countries of destination, Uzbekistan, with a CAGR of +104.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average leather sports gloves export price stood at $X per unit in 2022, which is down by -8.7% against the previous year. Overall, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% 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 decreased by -12.5% against 2018 indices. The growth pace was the most rapid in 2018 an increase of 71%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 Latvia ($X per unit), while the average price for exports to Armenia ($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 Uzbekistan (+37.1%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Sports Gloves Imports

Imports into Estonia

In 2022, leather sports gloves imports into Estonia soared to X units, growing by 48% on 2021 figures. Over the period under review, imports posted a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of 138% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, leather sports gloves imports reached $X in 2022. Overall, imports showed buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 87% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Pakistan (X units), China (X units) and Poland (X units) were the main suppliers of leather sports gloves imports to Estonia, with a combined 68% share of total imports. Thailand, Lithuania, Vietnam, Austria, Germany and Cambodia lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +143.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of leather sports gloves, mittens and mitts to Estonia, comprising 31% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Pakistan, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Poland amounted to +77.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.7% per year) and Pakistan (-2.5% per year).

Import Prices by Country

In 2022, the average leather sports gloves import price amounted to $X per unit, reducing by -27.9% against the previous year. Over the period under review, the import price, however, recorded modest growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 73%. The import price peaked at $X per unit in 2021, and then shrank dramatically 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 Cambodia ($X per unit), while the price for Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+23.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform