Middle East: Gloves Market 2024

Gloves Market Size in the Middle East

In 2022, the Middle Eastern gloves market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Gloves Production in the Middle East

In value terms, gloves production totaled $X in 2022 estimated in export price. The total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 -3.7% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 38%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Gloves Exports

Exports in the Middle East

In 2022, shipments abroad of gloves, mittens and mitts (excluding knitted or crocheted) increased by 4.9% to X pairs, rising for the second consecutive year after three years of decline. Overall, exports, however, saw a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of 55% against the previous year. Over the period under review, the exports reached the maximum at X pairs in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, gloves exports reduced to $X in 2022. Total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 80% against the previous year. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

Turkey was the key exporting country with an export of around X pairs, which recorded 56% of total exports. It was distantly followed by the United Arab Emirates (X pairs), committing a 34% share of total exports. The following exporters - Iran (X pairs), Kuwait (X pairs) and Lebanon (X pairs) - each recorded a 6.2% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of +19.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest gloves supplier in the Middle East, comprising 70% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 19% share of total exports. It was followed by Kuwait, with a 1.6% share.

In Turkey, gloves exports increased at an average annual rate of +9.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (-3.6% per year) and Kuwait (+11.2% per year).

Export Prices by Country

The export price in the Middle East stood at $X per pair in 2022, declining by -15.9% against the previous year. Over the period under review, the export price, however, recorded a strong expansion. The pace of growth was the most pronounced in 2021 when the export price increased by 71% against the previous year. As a result, the export price reached the peak level of $X per pair, and then declined dramatically in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+13.2%), while the other leaders experienced more modest paces of growth.

Gloves Imports

Imports in the Middle East

In 2022, supplies from abroad of gloves, mittens and mitts (excluding knitted or crocheted) was finally on the rise to reach X pairs after two years of decline. Over the period under review, imports, however, showed a deep slump. The most prominent rate of growth was recorded in 2015 when imports increased by 6.2% against the previous year. Over the period under review, imports reached the peak figure at X pairs in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, gloves imports skyrocketed to $X in 2022. In general, imports, however, recorded a perceptible decline. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Saudi Arabia (X pairs), distantly followed by Qatar (X pairs), Turkey (X pairs), the United Arab Emirates (X pairs), Oman (X pairs), Kuwait (X pairs) and Israel (X pairs) represented the key importers of gloves, mittens and mitts (excluding knitted or crocheted), together comprising 86% of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +5.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest gloves importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together comprising 64% of total imports. These countries were followed by Israel, Qatar, Kuwait and Oman, which together accounted for a further 28%.

In terms of the main importing countries, Kuwait, with a CAGR of +9.1%, recorded the highest growth rate of 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

The import price in the Middle East stood at $X per pair in 2022, surging by 13% against the previous year. Overall, the import price posted a strong increase. The pace of growth appeared the most rapid in 2020 when the import price increased by 53% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in years to come.

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 Israel ($X per pair), while Oman ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+10.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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