Kuwait: Leather Sports Gloves Market 2024

Leather Sports Gloves Market Size in Kuwait

The Kuwaiti leather sports gloves market reduced sharply to $X in 2022, with a decrease of -16.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a relatively flat trend pattern. Leather sports gloves consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Leather Sports Gloves Exports

Exports from Kuwait

In 2022, overseas shipments of leather sports gloves, mittens and mitts decreased by -13.2% to X units for the first time since 2013, thus ending a eight-year rising trend. Over the period under review, exports, however, showed significant growth. The growth pace was the most rapid in 2016 when exports increased by 131%. Over the period under review, the exports attained the maximum at X units in 2021, and then reduced in the following year.

In value terms, leather sports gloves exports fell rapidly to $X in 2022. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 234% against the previous year. As a result, the exports attained the peak of $X, and then declined sharply in the following year.

Exports by Country

Bahrain (X units), the United Arab Emirates (X units) and Italy (X units) were the main destinations of leather sports gloves exports from Kuwait, together comprising 94% of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +371.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bahrain ($X), the United Arab Emirates ($X) and Italy ($X) appeared to be the largest markets for leather sports gloves exported from Kuwait worldwide, together accounting for 94% of total exports.

Among the main countries of destination, Italy, with a CAGR of +239.7%, 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

In 2022, the average leather sports gloves export price amounted to $X per unit, reducing by -25.1% against the previous year. In general, the export price, however, posted a strong increase. The pace of growth was the most pronounced in 2021 when the average export price increased by 68% against the previous year. As a result, the export price reached the peak level of $X per unit, and then fell rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to the Philippines ($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 Bahrain (+15.1%), while the prices for the other major destinations experienced a decline.

Leather Sports Gloves Imports

Imports into Kuwait

In 2022, the amount of leather sports gloves, mittens and mitts imported into Kuwait shrank to X units, which is down by -10.9% against the previous year's figure. Over the period under review, imports, however, recorded modest growth. The most prominent rate of growth was recorded in 2018 when imports increased by 112%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, leather sports gloves imports contracted significantly to $X in 2022. Overall, imports recorded a mild decrease. The most prominent rate of growth was recorded in 2018 with an increase of 114%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Pakistan (X units) constituted the largest leather sports gloves supplier to Kuwait, accounting for a 68% share of total imports. Moreover, leather sports gloves imports from Pakistan exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), sixfold. The third position in this ranking was taken by China (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Pakistan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+65.6% per year) and China (+23.3% per year).

In value terms, Pakistan ($X) constituted the largest supplier of leather sports gloves, mittens and mitts to Kuwait, comprising 49% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by the United Arab Emirates, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value from Pakistan totaled -4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+19.4% per year) and the United Arab Emirates (+23.7% per year).

Import Prices by Country

In 2022, the average leather sports gloves import price amounted to $X per unit, shrinking by -10.4% against the previous year. In general, the import price showed a noticeable contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 67%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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 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 the United States (+10.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :