Indonesia: Leather Sports Gloves Market 2024

Leather Sports Gloves Market Size in Indonesia

In 2022, the Indonesian leather sports gloves market decreased by -54.9% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, enjoyed modest growth. Leather sports gloves consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Leather Sports Gloves Production in Indonesia

In value terms, leather sports gloves production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 11% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Leather Sports Gloves Exports

Exports from Indonesia

In 2022, shipments abroad of leather sports gloves, mittens and mitts increased by 23% to X units, rising for the second consecutive year after two years of decline. Overall, total exports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.0% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 47% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, leather sports gloves exports surged to $X in 2022. In general, total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +97.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 49%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

Myanmar (X units) was the main destination for leather sports gloves exports from Indonesia, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Myanmar amounted to +165.2%.

In value terms, Myanmar ($X) emerged as the key foreign market for leather sports gloves, mittens and mitts exports from Indonesia.

From 2012 to 2022, the average annual rate of growth in terms of value to Myanmar stood at +184.9%.

Export Prices by Country

In 2022, the average leather sports gloves export price amounted to $X per unit, with an increase of 7.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2020 an increase of 11%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Myanmar.

From 2012 to 2022, the rate of growth in terms of prices for Myanmar amounted to +7.4% per year.

Leather Sports Gloves Imports

Imports into Indonesia

In 2022, overseas purchases of leather sports gloves, mittens and mitts were 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, imports recorded a significant expansion. The growth pace was the most rapid in 2018 with an increase of 145% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, leather sports gloves imports surged to $X in 2022. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 97% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Myanmar (X units) was the main supplier of leather sports gloves to Indonesia, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Myanmar stood at +342.2%.

In value terms, Myanmar ($X) constituted the largest supplier of leather sports gloves, mittens and mitts to Indonesia.

From 2012 to 2022, the average annual growth rate of value from Myanmar amounted to +406.0%.

Import Prices by Country

The average leather sports gloves import price stood at $X per unit in 2022, with an increase of 33% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.2% 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 +115.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 113% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Myanmar.

From 2012 to 2022, the rate of growth in terms of prices for Myanmar amounted to +14.4% per year.

Source: IndexBox Platform

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