Latin America and the Caribbean: Leather Sports Gloves Market 2024

Leather Sports Gloves Market Size in Latin America and the Caribbean

In 2022, the Latin American leather sports gloves market increased by 32% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Leather Sports Gloves Production in Latin America and the Caribbean

In value terms, leather sports gloves production surged to $X in 2022 estimated in export price. In general, production enjoyed a notable increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Leather Sports Gloves Exports

Exports in Latin America and the Caribbean

In 2022, the amount of leather sports gloves, mittens and mitts exported in Latin America and the Caribbean skyrocketed to X units, picking up by 73% against 2021 figures. Overall, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of 277% against the previous year. The volume of export 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 recorded a noticeable expansion. The pace of growth appeared the most rapid in 2015 with an increase of 99%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Mexico was the major exporting country with an export of around X units, which recorded 70% of total exports. It was distantly followed by Panama (X units), creating a 20% share of total exports. The Dominican Republic (X units) and Venezuela (X units) followed a long way behind the leaders.

Exports from Mexico increased at an average annual rate of +8.6% from 2012 to 2022. At the same time, the Dominican Republic (+52.9%) and Venezuela (+16.7%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +52.9% from 2012-2022. By contrast, Panama (-21.6%) illustrated a downward trend over the same period. Mexico (+58 p.p.), the Dominican Republic (+4.3 p.p.) and Venezuela (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while Panama saw its share reduced by -66.7% from 2012 to 2022, respectively.

In value terms, Mexico ($X) remains the largest leather sports gloves supplier in Latin America and the Caribbean, comprising 88% of total exports. The second position in the ranking was taken by Panama ($X), with a 5.7% share of total exports. It was followed by the Dominican Republic, with a 2.1% share.

In Mexico, leather sports gloves exports expanded at an average annual rate of +13.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Panama (-20.2% per year) and the Dominican Republic (+66.7% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, with an increase of 5.3% against the previous year. In general, the export price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 when the export price increased by 67% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while Panama ($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 Dominican Republic (+9.0%), while the other leaders experienced more modest paces of growth.

Leather Sports Gloves Imports

Imports in Latin America and the Caribbean

In 2022, imports of leather sports gloves, mittens and mitts in Latin America and the Caribbean reduced to X units, approximately mirroring 2021 figures. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 43%. As a result, imports attained the peak of X units, and then reduced modestly in the following year.

In value terms, leather sports gloves imports surged to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Chile (X units), distantly followed by Mexico (X units), Nicaragua (X units), Bolivia (X units), Brazil (X units), Peru (X units), Costa Rica (X units), the Dominican Republic (X units) and Guatemala (X units) were the key importers of leather sports gloves, mittens and mitts, together committing 80% of total imports. Colombia (X units), Panama (X units), Ecuador (X units) and El Salvador (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Nicaragua (with a CAGR of +16.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest leather sports gloves importing markets in Latin America and the Caribbean were Mexico ($X), Chile ($X) and Brazil ($X), with a combined 65% share of total imports. The Dominican Republic, Colombia, Peru, Panama, Nicaragua, Costa Rica, Guatemala, Ecuador, El Salvador and Bolivia lagged somewhat behind, together accounting for a further 25%.

In terms of the main importing countries, Nicaragua, with a CAGR of +13.2%, saw 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

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, surging by 22% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per unit), while Bolivia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :