Malaysia - Leather Sports Gloves, Mittens and Mitts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMalaysia: Leather Sports Gloves Market 2024
Leather Sports Gloves Market Size in Malaysia
The Malaysian leather sports gloves market declined to $X in 2022, waning by -11.4% against the previous year. Overall, consumption recorded a deep downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.
Leather Sports Gloves Production in Malaysia
In value terms, leather sports gloves production rose notably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the production volume increased by 42%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.
Leather Sports Gloves Exports
Exports from Malaysia
In 2022, leather sports gloves exports from Malaysia skyrocketed to X units, growing by 32% on 2021. Over the period under review, exports, however, showed a mild decline. The pace of growth was the most pronounced in 2018 when exports increased by 546% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, leather sports gloves exports soared to $X in 2022. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 253% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.
Exports by Country
Myanmar (X units) was the main destination for leather sports gloves exports from Malaysia, accounting for a 54% share of total exports. Moreover, leather sports gloves exports to Myanmar exceeded the volume sent to the second major destination, Singapore (X units), threefold. Australia (X units) ranked third in terms of total exports with a 7.9% share.
From 2012 to 2022, the average annual growth rate of volume to Myanmar totaled +85.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+14.6% per year) and Australia (+17.3% per year).
In value terms, Singapore ($X) remains the key foreign market for leather sports gloves, mittens and mitts exports from Malaysia, comprising 43% of total exports. The second position in the ranking was held by Myanmar ($X), with a 21% share of total exports. It was followed by Australia, with a 16% share.
From 2012 to 2022, the average annual rate of growth in terms of value to Singapore stood at +13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+78.8% per year) and Australia (+20.3% per year).
Export Prices by Country
The average leather sports gloves export price stood at $X per unit in 2022, waning by -5.5% against the previous year. In general, export price indicated perceptible growth from 2012 to 2022: its price 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, leather sports gloves export price increased by +69.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 61%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while the average price for exports to Myanmar ($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 the Philippines (+14.6%), while the prices for the other major destinations experienced mixed trend patterns.
Leather Sports Gloves Imports
Imports into Malaysia
Leather sports gloves imports into Malaysia amounted to X units in 2022, surging by 9.2% on 2021 figures. In general, imports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 53% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.
In value terms, leather sports gloves imports soared to $X in 2022. Over the period under review, imports, however, saw a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by 20%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.
Imports by Country
China (X units), Singapore (X units) and the Philippines (X units) were the main suppliers of leather sports gloves imports to Malaysia, with a combined 79% share of total imports. Italy, India, France, the United States and Myanmar lagged somewhat behind, together accounting for a further 12%.
From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +10.8%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Singapore ($X) constituted the largest supplier of leather sports gloves, mittens and mitts to Malaysia, comprising 37% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by the Philippines, with a 13% share.
From 2012 to 2022, the average annual rate of growth in terms of value from Singapore totaled +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-21.3% per year) and the Philippines (+4.4% per year).
Import Prices by Country
In 2022, the average leather sports gloves import price amounted to $X per unit, growing by 6.4% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.1% 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 decreased by -17.3% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 57% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for India ($X per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+29.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the leather sports gloves market in Malaysia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32301510 - Leather sports gloves, mittens and mitts
Country coverage:
- Malaysia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Malaysia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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