MERCOSUR: Leather Sports Gloves Market 2024

Leather Sports Gloves Market Size in MERCOSUR

The MERCOSUR leather sports gloves market fell to $X in 2022, shrinking by -8% against the previous year. In general, consumption recorded a deep setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Leather Sports Gloves Production in MERCOSUR

In value terms, leather sports gloves production amounted to $X in 2022 estimated in export price. In general, production showed a slight descent. The growth pace was the most rapid in 2014 when the production volume increased by 30%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Leather Sports Gloves Exports

Exports in MERCOSUR

After two years of decline, overseas shipments of leather sports gloves, mittens and mitts increased by 18% to X units in 2022. In general, exports enjoyed a prominent increase. The pace of growth was the most pronounced in 2019 when exports increased by 302%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, leather sports gloves exports reached $X in 2022. Over the period under review, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 118% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Venezuela represented the key exporting country with an export of about X units, which finished at 50% of total exports. Chile (X units) ranks second in terms of the total exports with a 26% share, followed by Colombia (9.1%) and Peru (9%). Argentina (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +24.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Venezuela ($X) and Peru ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 92% of total exports.

Chile, with a CAGR of +29.0%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, falling by -14.7% against the previous year. Export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 an increase of 135%. Over the period under review, the export prices reached the maximum at $X per unit in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Chile ($X per unit), while Colombia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+3.9%), while the other leaders experienced more modest paces of growth.

Leather Sports Gloves Imports

Imports in MERCOSUR

In 2022, approx. X units of leather sports gloves, mittens and mitts were imported in MERCOSUR; reducing by -18.2% on the previous year. Over the period under review, imports showed a perceptible downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 73%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, leather sports gloves imports shrank to $X in 2022. In general, imports saw a pronounced slump. The pace of growth was the most pronounced in 2021 with an increase of 67%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Chile was the major importing country with an import of around X units, which amounted to 47% of total imports. Brazil (X units) took the second position in the ranking, followed by Peru (X units), Colombia (X units) and Ecuador (X units). All these countries together held near 46% share of total imports. The following importers - Uruguay (X units) and Argentina (X units) - each resulted at a 4% share of total imports.

Chile was also the fastest-growing in terms of the leather sports gloves, mittens and mitts imports, with a CAGR of +9.2% from 2012 to 2022. At the same time, Peru (+5.2%) and Colombia (+3.6%) displayed positive paces of growth. By contrast, Ecuador (-3.4%), Brazil (-5.5%), Uruguay (-8.7%) and Argentina (-20.6%) illustrated a downward trend over the same period. Chile (+32 p.p.), Peru (+7.8 p.p.) and Colombia (+4.8 p.p.) significantly strengthened its position in terms of the total imports, while Uruguay, Brazil and Argentina saw its share reduced by -2.2%, -5.7% and -10.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported leather sports gloves, mittens and mitts in MERCOSUR, comprising 54% of total imports. The second position in the ranking was taken by Brazil ($X), with a 15% share of total imports. It was followed by Colombia, with a 9.1% share.

In Chile, leather sports gloves imports increased at an average annual rate of +6.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (-8.6% per year) and Colombia (-0.2% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per unit, jumping by 15% against the previous year. In general, the import price, however, recorded a mild reduction. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Argentina ($X per unit), while Peru ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+8.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform