Ethiopia: Leather Sports Gloves Market 2024

Leather Sports Gloves Market Size in Ethiopia

The Ethiopian leather sports gloves market reduced notably to $X in 2022, which is down by -21% against the previous year. In general, consumption, however, continues to indicate a significant increase. Over the period under review, the market attained the peak level at $X in 2021, and then declined markedly in the following year.

Leather Sports Gloves Production in Ethiopia

In value terms, leather sports gloves production fell rapidly to $X in 2022 estimated in export price. Overall, production continues to indicate a dramatic shrinkage. The growth pace was the most rapid in 2021 when the production volume increased by 3,613,400%. Leather sports gloves production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Leather Sports Gloves Exports

Exports from Ethiopia

In 2022, after six years of decline, there was significant growth in shipments abroad of leather sports gloves, mittens and mitts, when their volume increased by 21% to X units. In general, exports, however, saw a precipitous curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 94%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, leather sports gloves exports soared to $X in 2022. Over the period under review, exports, however, recorded a precipitous decline. The pace of growth was the most pronounced in 2015 with an increase of 40% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Germany (X units) and Hungary (X units) were the main destinations of leather sports gloves exports from Ethiopia.

From 2012 to 2022, 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 -15.4%), while the other leaders experienced a decline.

In value terms, Germany ($X) remains the key foreign market for leather sports gloves, mittens and mitts exports from Ethiopia, comprising 89% of total exports. The second position in the ranking was taken by the United States ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled -32.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-29.4% per year) and Hungary (-63.7% per year).

Export Prices by Country

In 2022, the average leather sports gloves export price amounted to $X per unit, with a decrease of -4.6% against the previous year. Over the period under review, the export price showed a drastic downturn. The pace of growth was the most pronounced in 2014 when the average export price increased by 45% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Hungary ($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 the UK (+38.4%), while the prices for the other major destinations experienced a decline.

Leather Sports Gloves Imports

Imports into Ethiopia

In 2022, the amount of leather sports gloves, mittens and mitts imported into Ethiopia soared to X units, surging by 17% compared with the previous year. Over the period under review, imports, however, saw a deep setback. The pace of growth appeared the most rapid in 2016 with an increase of 1,451%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, leather sports gloves imports contracted to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 1,148% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Pakistan (X units) constituted the largest leather sports gloves supplier to Ethiopia, accounting for a 51% share of total imports. Moreover, leather sports gloves imports from Pakistan exceeded the figures recorded by the second-largest supplier, the UK (X units), fourfold. India (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Pakistan stood at -3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+59.1% per year) and India (+18.8% per year).

In value terms, the United States ($X), the UK ($X) and Pakistan ($X) constituted the largest leather sports gloves suppliers to Ethiopia, with a combined 70% share of total imports.

In terms of the main suppliers, the UK, with a CAGR of +58.0%, 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 average leather sports gloves import price stood at $X per unit in 2022, falling by -18.9% against the previous year. Overall, the import price, however, recorded prominent growth. The growth pace was the most rapid in 2017 when the average import price increased by 98%. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for the United Arab Emirates ($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 (+23.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform