Myanmar: Gloves Market 2024

Gloves Market Size in Myanmar

In 2022, the Myanmar's gloves market was finally on the rise to reach $X after two years of decline. In general, consumption, however, continues to indicate a pronounced downturn. Gloves consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Gloves Production in Myanmar

In value terms, gloves production dropped to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 120%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Gloves Exports

Exports from Myanmar

In 2022, exports of gloves, mittens and mitts (excluding knitted or crocheted) from Myanmar contracted slightly to X pairs, approximately reflecting 2021. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,969% against the previous year. Over the period under review, the exports reached the maximum at X pairs in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, gloves exports surged to $X in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 2,095% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X pairs) was the main destination for gloves exports from Myanmar, with a 55% share of total exports. Moreover, gloves exports to Japan exceeded the volume sent to the second major destination, the United States (X pairs), twofold. China (X pairs) ranked third in terms of total exports with a 7.3% share.

From 2013 to 2022, the average annual growth rate of volume to Japan stood at +50.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+75.7% per year) and China (+2.8% per year).

In value terms, Japan ($X) remains the key foreign market for gloves, mittens and mitts (excluding knitted or crocheted) exports from Myanmar, comprising 72% of total exports. The second position in the ranking was held by the United States ($X), with a 9.6% share of total exports. It was followed by China, with a 4.5% share.

From 2013 to 2022, the average annual growth rate of value to Japan amounted to +87.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+48.7% per year) and China (+8.0% per year).

Export Prices by Country

The average gloves export price stood at $X per pair in 2022, growing by 20% against the previous year. Overall, the export price, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2019 an increase of 162% against the previous year. The export price peaked at $X per pair in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 Vietnam ($X per pair), while the average price for exports to the United States ($X per pair) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+25.1%), while the prices for the other major destinations experienced more modest paces of growth.

Gloves Imports

Imports into Myanmar

In 2022, overseas purchases of gloves, mittens and mitts (excluding knitted or crocheted) were finally on the rise to reach X pairs for the first time since 2019, thus ending a two-year declining trend. In general, imports saw a significant expansion. The pace of growth was the most pronounced in 2015 when imports increased by 1,847%. Imports peaked at X pairs in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, gloves imports skyrocketed to $X in 2022. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 959% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X pairs) was the main gloves supplier to Myanmar, accounting for a 91% share of total imports. Moreover, gloves imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X pairs), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +76.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+51.9% per year) and India (-54.9% per year).

In value terms, China ($X) constituted the largest supplier of gloves, mittens and mitts (excluding knitted or crocheted) to Myanmar, comprising 70% of total imports. The second position in the ranking was held by Thailand ($X), with a 28% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+17.2% per year) and India (-51.1% per year).

Import Prices by Country

In 2022, the average gloves import price amounted to $X per pair, waning by -45.4% against the previous year. In general, the import price recorded a precipitous setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 31%. Over the period under review, average import prices attained the peak figure at $X per pair in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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