Portugal: Leather Sports Gloves Market 2024

Leather Sports Gloves Market Size in Portugal

The Portuguese leather sports gloves market dropped rapidly to $X in 2022, which is down by -15.4% against the previous year. Overall, consumption, however, saw a tangible expansion. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Leather Sports Gloves Production in Portugal

In value terms, leather sports gloves production stood at $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed strong growth. The growth pace was the most rapid in 2015 with an increase of 20% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Leather Sports Gloves Exports

Exports from Portugal

Leather sports gloves exports from Portugal shrank slightly to X units in 2022, stabilizing at the year before. In general, exports, however, continue to indicate tangible growth. The most prominent rate of growth was recorded in 2021 when exports increased by 222%. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, leather sports gloves exports contracted to $X in 2022. Overall, total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +120.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 139%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X units) was the main destination for leather sports gloves exports from Portugal, accounting for a 92% share of total exports. It was followed by Angola (X units), with a 1.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Spain stood at +3.5%.

In value terms, Spain ($X) remains the key foreign market for leather sports gloves, mittens and mitts exports from Portugal, comprising 88% of total exports. The second position in the ranking was held by Angola ($X), with a 2.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain amounted to +3.5%.

Export Prices by Country

In 2022, the average leather sports gloves export price amounted to $X per unit, shrinking by -6.6% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 54% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($X per unit), while the average price for exports to Spain amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+1.2%).

Leather Sports Gloves Imports

Imports into Portugal

In 2022, leather sports gloves imports into Portugal stood at X units, rising by 1.9% on the year before. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 37%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, leather sports gloves imports soared to $X in 2022. Overall, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +60.5% against 2019 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 34%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Spain (X units), Pakistan (X units) and China (X units) were the main suppliers of leather sports gloves imports to Portugal, with a combined 71% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +25.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Italy ($X) and France ($X) were the largest leather sports gloves suppliers to Portugal, together comprising 67% of total imports. Pakistan, the Netherlands, China, Belgium and the UK lagged somewhat behind, together accounting for a further 29%.

China, with a CAGR of +16.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average leather sports gloves import price stood at $X per unit in 2022, growing by 15% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the average import price increased by 29%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+21.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :