Singapore: Leather Sports Gloves Market 2024

Leather Sports Gloves Market Size in Singapore

After two years of growth, the Singaporean leather sports gloves market decreased by -62.3% to $X in 2022. In general, consumption showed a deep reduction. As a result, consumption reached the peak level of $X, and then declined markedly in the following year.

Leather Sports Gloves Exports

Exports from Singapore

In 2022, the amount of leather sports gloves, mittens and mitts exported from Singapore fell to X units, which is down by -12.6% on the previous year. Over the period under review, exports continue to indicate a pronounced setback. The pace of growth appeared the most rapid in 2019 when exports increased by 58% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, leather sports gloves exports dropped to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 42%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X units), Malaysia (X units) and Vietnam (X units) were the main destinations of leather sports gloves exports from Singapore, together comprising 58% of total exports. Thailand, the Philippines, Australia, India and the United States lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +63.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for leather sports gloves exported from Singapore were Indonesia ($X), Malaysia ($X) and Vietnam ($X), with a combined 58% share of total exports. Thailand, the Philippines, Australia, India and the United States lagged somewhat behind, together accounting for a further 38%.

Australia, with a CAGR of +69.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average leather sports gloves export price amounted to $X per unit, growing by 8.2% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of 80% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Vietnam ($X per unit) and the Philippines ($X per unit), while the average price for exports to India ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Sports Gloves Imports

Imports into Singapore

In 2022, supplies from abroad of leather sports gloves, mittens and mitts decreased by -47% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 87% against the previous year. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, leather sports gloves imports contracted notably to $X in 2022. In general, imports recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 when imports increased by 93%. As a result, imports reached the peak of $X, and then reduced remarkably in the following year.

Imports by Country

Thailand (X units), Indonesia (X units) and China (X units) were the main suppliers of leather sports gloves imports to Singapore, together comprising 65% of total imports. Pakistan, Cambodia, Vietnam, Malaysia, India, Italy, the United States and France lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Cambodia (with a CAGR of +28.8%), while imports for the other leaders experienced a decline.

In value terms, the largest leather sports gloves suppliers to Singapore were Thailand ($X), Indonesia ($X) and China ($X), with a combined 65% share of total imports. Pakistan, Cambodia, Vietnam, Malaysia, India, Italy, the United States and France lagged somewhat behind, together comprising a further 29%.

Cambodia, with a CAGR of +34.9%, recorded the highest rates of growth with regard to the value of imports, among 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, shrinking by -5% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price 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. The pace of growth was the most pronounced in 2014 an increase of 28%. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then fell in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were France ($X per unit) and Italy ($X per unit), while the price for the United States ($X per unit) and Malaysia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :