Kuwait: Gloves Market 2024

Gloves Exports

Exports from Kuwait

In 2022, after three years of decline, there was significant growth in shipments abroad of gloves, mittens and mitts (excluding knitted or crocheted), when their volume increased by 8.7% to X pairs. Over the period under review, exports posted a strong expansion. The pace of growth was the most pronounced in 2016 when exports increased by 645%. As a result, the exports reached the peak of X pairs. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, gloves exports expanded rapidly to $X in 2022. Overall, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 335% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X pairs) was the main destination for gloves exports from Kuwait, with a 6.2% share of total exports. Moreover, gloves exports to the United Arab Emirates exceeded the volume sent to the second major destination, Oman (X pairs), fivefold. Bahrain (X pairs) ranked third in terms of total exports with a 0.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-6.9% per year) and Bahrain (-9.5% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for gloves, mittens and mitts (excluding knitted or crocheted) exports from Kuwait, comprising 35% of total exports. The second position in the ranking was taken by Italy ($X), with a 10% share of total exports. It was followed by Qatar, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates totaled +16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (0.0% per year) and Qatar (+2.6% per year).

Export Prices by Country

In 2021, the average gloves export price amounted to $X per pair, rising by 6.2% against the previous year. In general, export price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, gloves export price increased by +149.2% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 60% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per pair), while the average price for exports to Oman ($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 Iraq (+92.6%), while the prices for the other major destinations experienced more modest paces of growth.

Gloves Imports

Imports into Kuwait

In 2022, purchases abroad of gloves, mittens and mitts (excluding knitted or crocheted) decreased by -7.3% to X pairs for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate perceptible growth. The pace of growth was the most pronounced in 2013 with an increase of 145% against the previous year. Over the period under review, imports attained the peak figure at X pairs in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, gloves imports reduced modestly to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +9.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +24.8% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 116%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X pairs) constituted the largest gloves supplier to Kuwait, accounting for a 7.4% share of total imports. Moreover, gloves imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X pairs), threefold. The third position in this ranking was held by Iran (X pairs), with a 0.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +25.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.1% per year) and Iran (+85.9% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of gloves, mittens and mitts (excluding knitted or crocheted) to Kuwait, comprising 37% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports. It was followed by the United States, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates totaled +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.9% per year) and the United States (+9.6% per year).

Import Prices by Country

The average gloves import price stood at $X per pair in 2021, dropping by -10.5% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the average import price increased by 40%. Over the period under review, average import prices reached the maximum at $X per pair in 2020, and then declined in the following year.

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 the United States ($X per pair), while the price for Iran ($X per pair) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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