Pakistan: Leather Sports Gloves Market 2024

Leather Sports Gloves Market Size in Pakistan

In 2022, the Pakistani leather sports gloves market decreased by -0.9% to $X, falling for the second consecutive year after four years of growth. Over the period under review, consumption, however, recorded a significant expansion. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Leather Sports Gloves Production in Pakistan

In value terms, leather sports gloves production expanded rapidly to $X in 2022 estimated in export price. Overall, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% 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 -6.0% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 52% against the previous year. Leather sports gloves production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Leather Sports Gloves Exports

Exports from Pakistan

In 2022, after five years of decline, there was significant growth in overseas shipments of leather sports gloves, mittens and mitts, when their volume increased by 19% to X units. Over the period under review, exports, however, showed a deep downturn. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, leather sports gloves exports stood at $X in 2022. Overall, exports, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units), the United States (X units) and Germany (X units) were the main destinations of leather sports gloves exports from Pakistan, together accounting for 61% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +5.4%), while the other leaders experienced a decline.

In value terms, the United States ($X) remains the key foreign market for leather sports gloves, mittens and mitts exports from Pakistan, comprising 32% of total exports. The second position in the ranking was held by Germany ($X), with a 9.6% share of total exports. It was followed by the UK, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to -1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-6.4% per year) and the UK (-4.6% per year).

Export Prices by Country

The average leather sports gloves export price stood at $X per unit in 2022, falling by -15.4% against the previous year. Overall, the export price, however, recorded a resilient expansion. The growth pace was the most rapid in 2017 when the average export price increased by 56% against the previous year. The export price peaked at $X per unit in 2021, and then contracted remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Sports Gloves Imports

Imports into Pakistan

In 2022, imports of leather sports gloves, mittens and mitts into Pakistan skyrocketed to X units, increasing by 205% compared with the year before. In general, imports, however, saw a sharp decline. The pace of growth was the most pronounced in 2014 when imports increased by 217%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, leather sports gloves imports soared to $X in 2022. Overall, imports, however, saw a deep reduction. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest supplier of leather sports gloves to Pakistan, accounting for a 90% share of total imports. Moreover, leather sports gloves imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), ninefold.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates amounted to -7.1%.

In value terms, the United Arab Emirates ($X) and China ($X) constituted the largest leather sports gloves suppliers to Pakistan.

The United Arab Emirates, with a CAGR of +9.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2022, the average leather sports gloves import price amounted to $X per unit, growing by 106% against the previous year. Over the period under review, the import price posted a notable expansion. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for the United Arab Emirates stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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