Hong Kong SAR, China: Gloves Market 2025

Gloves Market Size in Hong Kong SAR, China

The Hong Kong gloves market reduced to $X in 2022, with a decrease of -6.1% against the previous year. Over the period under review, consumption, however, posted a buoyant increase. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Gloves Production in Hong Kong SAR, China

In value terms, gloves production declined dramatically to $X in 2022 estimated in export price. Overall, production recorded a abrupt descent. The growth pace was the most rapid in 2018 with an increase of 160%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Gloves Exports

Exports from Hong Kong SAR, China

In 2022, shipments abroad of gloves, mittens and mitts (excluding knitted or crocheted) was finally on the rise to reach X pairs for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, faced a deep reduction. The exports peaked at X pairs in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, gloves exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt slump. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X pairs) was the main destination for gloves exports from Hong Kong SAR, with a 9.4% share of total exports. Moreover, gloves exports to the United States exceeded the volume sent to the second major destination, Macao SAR (X pairs), fivefold. The third position in this ranking was held by Canada (X pairs), with a 1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled -14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (+56.3% per year) and Canada (-18.1% per year).

In value terms, the United States ($X) remains the key foreign market for gloves, mittens and mitts (excluding knitted or crocheted) exports from Hong Kong SAR, comprising 32% of total exports. The second position in the ranking was held by China ($X), with a 14% share of total exports. It was followed by Russia, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled -20.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-11.6% per year) and Russia (-9.2% per year).

Export Prices by Country

The average gloves export price stood at $X per pair in 2021, waning by -11.7% against the previous year. In general, the export price saw a perceptible slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by 49% 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 failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per pair), while the average price for exports to the United States ($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 the Netherlands (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Gloves Imports

Imports into Hong Kong SAR, China

In 2022, approx. X pairs of gloves, mittens and mitts (excluding knitted or crocheted) were imported into Hong Kong SAR; remaining relatively unchanged against the year before. Over the period under review, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2014 when imports increased by 16% against the previous year. Imports peaked at X pairs in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, gloves imports skyrocketed to $X in 2022. Overall, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 55%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X pairs), Malaysia (X pairs) and Thailand (X pairs) were the main suppliers of gloves imports to Hong Kong SAR, together accounting for 9.9% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +95.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest gloves suppliers to Hong Kong SAR were China ($X), Malaysia ($X) and Thailand ($X), with a combined 65% share of total imports.

Malaysia, with a CAGR of +77.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average gloves import price stood at $X per pair in 2021, falling by -4.6% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 58% against the previous year. As a result, import price attained the peak level of $X per pair. From 2019 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per pair), while the price for Thailand ($X per pair) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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