Peru: Gloves Market 2025

Gloves Market Size in Peru

The Peruvian gloves market shrank slightly to $X in 2022, waning by -1.9% against the previous year. The market value increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Gloves Production in Peru

In value terms, gloves production contracted slightly to $X in 2022 estimated in export price. In general, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.3% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 32%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Gloves Exports

Exports from Peru

In 2022, approx. X pairs of gloves, mittens and mitts (excluding knitted or crocheted) were exported from Peru; which is down by -33.5% on the previous year. In general, exports showed a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 203% against the previous year. The exports peaked at X pairs in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, gloves exports fell markedly to $X in 2022. Over the period under review, exports showed a pronounced reduction. The growth pace was the most rapid in 2021 with an increase of 207% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X pairs) was the main destination for gloves exports from Peru, accounting for a 4% share of total exports. Moreover, gloves exports to Ecuador exceeded the volume sent to the second major destination, Colombia (X pairs), fourfold. The United States (X pairs) ranked third in terms of total exports with a 0.9% share.

From 2012 to 2021, the average annual growth rate of volume to Ecuador totaled -4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+100.1% per year) and the United States (-20.7% per year).

In value terms, the United States ($X) emerged as the key foreign market for gloves, mittens and mitts (excluding knitted or crocheted) exports from Peru, comprising 35% of total exports. The second position in the ranking was held by Ecuador ($X), with a 12% share of total exports. It was followed by Colombia, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-0.3% per year) and Colombia (+123.9% per year).

Export Prices by Country

The average gloves export price stood at $X per pair in 2021, stabilizing at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 15%. Over the period under review, the average export prices attained the peak figure at $X per pair in 2018; afterwards, it flattened through to 2021.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per pair), while the average price for exports to Panama ($X per pair) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.

Gloves Imports

Imports into Peru

In 2022, gloves imports into Peru reduced to X pairs, shrinking by -5.1% against the previous year. The total import volume increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 31% against the previous year. Imports peaked at X pairs in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, gloves imports declined slightly to $X in 2022. In general, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 59%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2021, China (X pairs) constituted the largest supplier of gloves to Peru, with a 15% share of total imports. Moreover, gloves imports from China exceeded the figures recorded by the second-largest supplier, Sri Lanka (X pairs), more than tenfold. The third position in this ranking was held by India (X pairs), with a 0.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (-12.4% per year) and India (+0.3% per year).

In value terms, China ($X) constituted the largest supplier of gloves, mittens and mitts (excluding knitted or crocheted) to Peru, comprising 69% of total imports. The second position in the ranking was held by Vietnam ($X), with an 11% share of total imports. It was followed by Sri Lanka, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+8.1% per year) and Sri Lanka (-9.0% per year).

Import Prices by Country

In 2021, the average gloves import price amounted to $X per pair, with a decrease of -6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.6%. The growth pace was the most rapid in 2017 when the average import price increased by 22%. Over the period under review, average import prices hit record highs at $X per pair in 2020, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($X per pair), while the price for India ($X per pair) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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