New Zealand: Gloves Market 2024

Gloves Market Size in New Zealand

The New Zealand gloves market fell to $X in 2022, which is down by -13.8% against the previous year. Overall, consumption, however, continues to indicate a strong increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Gloves Production in New Zealand

In value terms, gloves production fell sharply to $X in 2022 estimated in export price. Overall, production, however, enjoyed a significant expansion. The growth pace was the most rapid in 2017 when the production volume increased by 416% against the previous year. Gloves production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Gloves Exports

Exports from New Zealand

For the third year in a row, New Zealand recorded growth in overseas shipments of gloves, mittens and mitts (excluding knitted or crocheted), which increased by 211% to X pairs in 2022. In general, exports saw buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 240%. As a result, the exports reached the peak of X pairs. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, gloves exports surged to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 51% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X pairs) was the main destination for gloves exports from New Zealand, accounting for a 10% share of total exports. Moreover, gloves exports to Australia exceeded the volume sent to the second major destination, Fiji (X pairs), fourfold. Cook Islands (X pairs) ranked third in terms of total exports with a 1.2% share.

From 2012 to 2021, the average annual growth rate of volume to Australia amounted to -7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+10.0% per year) and Cook Islands (-1.7% per year).

In value terms, Australia ($X) remains the key foreign market for gloves, mittens and mitts (excluding knitted or crocheted) exports from New Zealand, comprising 88% of total exports. The second position in the ranking was held by Fiji ($X), with a 20% share of total exports. It was followed by Cook Islands, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Australia amounted to +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+18.6% per year) and Cook Islands (+8.3% per year).

Export Prices by Country

In 2021, the average gloves export price amounted to $X per pair, reducing by -64.1% against the previous year. In general, the export price, however, recorded pronounced growth. The growth pace was the most rapid in 2019 when the average export price increased by 371% against the previous year. As a result, the export price attained the peak level of $X per pair. From 2020 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Tonga ($X per pair) and Canada ($X per pair), while the average price for exports to French Polynesia ($X per pair) and Australia ($X per pair) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to French Polynesia (+38.7%), while the prices for the other major destinations experienced more modest paces of growth.

Gloves Imports

Imports into New Zealand

In 2022, the amount of gloves, mittens and mitts (excluding knitted or crocheted) imported into New Zealand contracted to X pairs, which is down by -4.5% on the previous year's figure. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 23% against the previous year. Over the period under review, imports hit record highs at X pairs in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, gloves imports dropped to $X in 2022. In general, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +10.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 24%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

In 2021, China (X pairs) constituted the largest supplier of gloves to New Zealand, with a 6.7% share of total imports. Moreover, gloves imports from China exceeded the figures recorded by the second-largest supplier, Australia (X pairs), twofold. The third position in this ranking was taken by Vietnam (X pairs), with a 2.5% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+20.4% per year) and Vietnam (+34.1% per year).

In value terms, China ($X) constituted the largest supplier of gloves, mittens and mitts (excluding knitted or crocheted) to New Zealand, comprising 39% of total imports. The second position in the ranking was taken by Australia ($X), with a 17% share of total imports. It was followed by Vietnam, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+33.0% per year) and Vietnam (+22.2% per year).

Import Prices by Country

In 2021, the average gloves import price amounted to $X per pair, increasing by 9.1% against the previous year. In general, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +7.7% 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 import price increased by +26.8% against 2018 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by 59% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :