U.S.: Gloves Market 2024

Gloves Market Size in the U.S.

For the eleventh consecutive year, the U.S. gloves market recorded growth in sales value, which increased by 21% to $X in 2022. Over the period under review, consumption, however, showed buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Gloves Production in the U.S.

In value terms, gloves production reduced slightly to $X in 2022. Over the period under review, production saw a noticeable descent. The pace of growth appeared the most rapid in 2016 when the production volume increased by 2% against the previous year. Gloves production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Gloves Exports

Exports from the U.S.

In 2022, approx. X pairs of gloves, mittens and mitts were exported from the United States; picking up by 7.4% compared with 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, gloves exports soared to $X in 2022. The total export value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X pairs) was the main destination for gloves exports from the United States, with a 40% share of total exports. Moreover, gloves exports to Canada exceeded the volume sent to the second major destination, Mexico (X pairs), threefold. The third position in this ranking was taken by Peru (X pairs), with a 13% share.

From 2020 to 2022, the average annual growth rate of volume to Canada amounted to +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-0.2% per year) and Peru (+16.2% per year).

In value terms, Canada ($X) remains the key foreign market for gloves, mittens and mitts exports from the United States, comprising 61% of total exports. The second position in the ranking was taken by Mexico ($X), with an 11% share of total exports. It was followed by Japan, with a 3.8% share.

From 2020 to 2022, the average annual growth rate of value to Canada stood at +22.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+23.6% per year) and Japan (+60.1% per year).

Export Prices by Country

In 2022, the average gloves export price amounted to $X per pair, increasing by 13% against the previous year. Over the period from 2020 to 2022, it increased at an average annual rate of +15.7%. The growth pace was the most rapid in 2021 when the average export price increased by 18%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per pair), while the average price for exports to Peru ($X per pair) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+33.9%), while the prices for the other major destinations experienced more modest paces of growth.

Gloves Imports

Imports into the U.S.

In 2022, overseas purchases of gloves, mittens and mitts decreased by -1.5% to X pairs for the first time since 2011, thus ending a ten-year rising trend. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 2.6%. As a result, imports attained the peak of X pairs, and then declined modestly in the following year.

In value terms, gloves imports surged to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

China (X pairs), India (X pairs) and Pakistan (X pairs) were the main suppliers of gloves imports to the United States, together accounting for 87% of total imports. Bangladesh, Cambodia, Madagascar and Indonesia lagged somewhat behind, together comprising a further 11%.

From 2020 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +46.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Pakistan ($X) and India ($X) constituted the largest gloves suppliers to the United States, with a combined 76% share of total imports. Cambodia, Indonesia, Bangladesh and Madagascar lagged somewhat behind, together accounting for a further 15%.

Cambodia, with a CAGR of +55.0%, 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

In 2022, the average gloves import price amounted to $X per pair, surging by 24% against the previous year. Over the last two-year period, it increased at an average annual rate of +11.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+30.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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