Lithuania: Leather Sports Gloves Market 2024

Leather Sports Gloves Market Size in Lithuania

The Lithuanian leather sports gloves market soared to $X in 2022, growing by 56% 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). Over the period under review, consumption, however, saw a relatively flat trend pattern. Leather sports gloves consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Leather Sports Gloves Exports

Exports from Lithuania

In 2022, after three years of growth, there was significant decline in overseas shipments of leather sports gloves, mittens and mitts, when their volume decreased by -46% to X units. In general, exports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2014 with an increase of 86% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then reduced dramatically in the following year.

In value terms, leather sports gloves exports contracted sharply to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 97%. The exports peaked at $X in 2021, and then fell notably in the following year.

Exports by Country

Russia (X units), Belarus (X units) and Estonia (X units) were the main destinations of leather sports gloves exports from Lithuania, with a combined 60% share of total exports. Poland, Latvia, Kazakhstan and Hungary lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +86.2%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for leather sports gloves, mittens and mitts exports from Lithuania, comprising 54% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 14% share of total exports. It was followed by Estonia, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to -4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+19.1% per year) and Estonia (+22.1% per year).

Export Prices by Country

The average leather sports gloves export price stood at $X per unit in 2022, shrinking by -17.1% against the previous year. Overall, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 43%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Belarus ($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 Hungary (+20.3%), while the prices for the other major destinations experienced mixed trend patterns.

Leather Sports Gloves Imports

Imports into Lithuania

In 2022, leather sports gloves imports into Lithuania contracted sharply to X units, reducing by -25.4% compared with the year before. Overall, total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -19.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 56% against the previous year. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, leather sports gloves imports shrank rapidly to $X in 2022. In general, imports, however, saw prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by 73% against the previous year. As a result, imports attained the peak of $X, and then declined remarkably in the following year.

Imports by Country

Pakistan (X units), Poland (X units) and Latvia (X units) were the main suppliers of leather sports gloves imports to Lithuania, with a combined 65% share of total imports. Thailand, Denmark, Italy, China, Germany, the Netherlands and Belgium lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +65.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X), Italy ($X) and Thailand ($X) were the largest leather sports gloves suppliers to Lithuania, with a combined 59% share of total imports.

Italy, with a CAGR of +69.2%, saw 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 more modest paces of growth.

Import Prices by Country

The average leather sports gloves import price stood at $X per unit in 2022, dropping by -16.4% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% 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 +45.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 74%. As a result, import price attained the peak level of $X per unit, and then declined significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Latvia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+37.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform