Peru: Leather Sports Gloves Market 2024

Leather Sports Gloves Market Size in Peru

The Peruvian leather sports gloves market dropped significantly to $X in 2022, waning by -24.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate temperate growth. Leather sports gloves consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Leather Sports Gloves Exports

Exports from Peru

In 2022, shipments abroad of leather sports gloves, mittens and mitts increased by 22% to X units, rising for the fourth year in a row after two years of decline. In general, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 618% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, leather sports gloves exports fell significantly to $X in 2022. Over the period under review, exports showed a prominent increase. The pace of growth appeared the most rapid in 2016 when exports increased by 498%. The exports peaked at $X in 2021, and then reduced markedly in the following year.

Exports by Country

Chile (X units) was the main destination for leather sports gloves exports from Peru, accounting for a 73% share of total exports. Moreover, leather sports gloves exports to Chile exceeded the volume sent to the second major destination, Germany (X units), more than tenfold. The Philippines (X units) ranked third in terms of total exports with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile totaled +80.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+20.2% per year) and the Philippines (+3.5% per year).

In value terms, Chile ($X) emerged as the key foreign market for leather sports gloves, mittens and mitts exports from Peru, comprising 51% of total exports. The second position in the ranking was held by the Philippines ($X), with a 21% share of total exports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Chile totaled +102.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+30.5% per year) and Germany (+20.3% per year).

Export Prices by Country

The average leather sports gloves export price stood at $X per unit in 2022, with a decrease of -45.4% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 143% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021, and then reduced sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while the average price for exports to Colombia ($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 Philippines (+26.2%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Sports Gloves Imports

Imports into Peru

Leather sports gloves imports into Peru reduced markedly to X units in 2022, waning by -26.6% against the year before. In general, imports, however, recorded a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 145%. As a result, imports attained the peak of X units, and then dropped notably in the following year.

In value terms, leather sports gloves imports declined rapidly to $X in 2022. Over the period under review, imports, however, enjoyed a mild expansion. The most prominent rate of growth was recorded in 2017 with an increase of 89%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Pakistan (X units), China (X units) and Myanmar (X units) were the main suppliers of leather sports gloves imports to Peru, with a combined 92% share of total imports. These countries were followed by Vietnam, which accounted for a further 2%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +24.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X) constituted the largest supplier of leather sports gloves, mittens and mitts to Peru, comprising 52% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by Vietnam, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value from Pakistan amounted to +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-9.8% per year) and Vietnam (+23.6% per year).

Import Prices by Country

In 2022, the average leather sports gloves import price amounted to $X per unit, surging by 5.7% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 63% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the average import prices failed to regain momentum.

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 Vietnam ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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