Mexico: Gloves Market 2025

Gloves Market Size in Mexico

In 2022, the Mexican gloves market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +3.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Gloves Production in Mexico

In value terms, gloves production shrank modestly to $X in 2022 estimated in export price. Overall, the total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.2% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 18% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Gloves Exports

Exports from Mexico

After two years of growth, shipments abroad of gloves, mittens and mitts (excluding knitted or crocheted) decreased by -31% to X pairs in 2022. Over the period under review, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 217% against the previous year. The exports peaked at X pairs in 2021, and then reduced dramatically in the following year.

In value terms, gloves exports dropped rapidly to $X in 2022. In general, exports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2014 when exports increased by 215% against the previous year. The exports peaked at $X in 2021, and then declined remarkably in the following year.

Exports by Country

The United States (X pairs) was the main destination for gloves exports from Mexico, with a approx. 16% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +20.1%.

In value terms, the United States ($X) also remains the key foreign market for gloves, mittens and mitts (excluding knitted or crocheted) exports from Mexico.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +26.6%.

Export Prices by Country

The average gloves export price stood at $X per pair in 2021, rising by 6.9% against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, gloves export price increased by +46.6% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of 28% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +5.4% per year.

Gloves Imports

Imports into Mexico

In 2022, approx. X pairs of gloves, mittens and mitts (excluding knitted or crocheted) were imported into Mexico; growing by 14% compared with the previous year. The total import volume increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 40%. As a result, imports attained the peak of X pairs. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, gloves imports rose significantly to $X in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 26% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X pairs) constituted the largest gloves supplier to Mexico, with a 7.9% share of total imports. Moreover, gloves imports from China exceeded the figures recorded by the second-largest supplier, the United States (X pairs), fourfold. The Philippines (X pairs) ranked third in terms of total imports with a 1.4% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.3% per year) and the Philippines (+2.1% per year).

In value terms, China ($X) constituted the largest supplier of gloves, mittens and mitts (excluding knitted or crocheted) to Mexico, comprising 48% of total imports. The second position in the ranking was held by the United States ($X), with a 13% share of total imports. It was followed by the Philippines, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.7% per year) and the Philippines (+2.8% per year).

Import Prices by Country

The average gloves import price stood at $X per pair in 2021, with an increase of 4.1% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were India ($X per pair) and Indonesia ($X per pair), while the price for China ($X per pair) and the United States ($X per pair) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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