Ukraine: Gloves Market 2024

Gloves Market Size in Ukraine

In 2022, the Ukrainian gloves market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption saw a noticeable expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Gloves Production in Ukraine

In value terms, gloves production reduced to $X in 2022 estimated in export price. Overall, production, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by 67%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Gloves Exports

Exports from Ukraine

In 2022, approx. X pairs of gloves, mittens and mitts (excluding knitted or crocheted) were exported from Ukraine; dropping by -3.8% against the year before. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2015 when exports increased by 7.9% against the previous year. The exports peaked at X pairs in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, gloves exports declined to $X in 2022. In general, exports saw a pronounced descent. The pace of growth was the most pronounced in 2018 when exports increased by 24% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X pairs) was the main destination for gloves exports from Ukraine, with a 16% share of total exports. It was followed by Georgia (X pairs), with a 0.3% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to -5.2%.

In value terms, Germany ($X) remains the key foreign market for gloves, mittens and mitts (excluding knitted or crocheted) exports from Ukraine, comprising 98% of total exports. The second position in the ranking was held by Georgia ($X), with a 0.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Germany stood at -3.7%.

Export Prices by Country

The average gloves export price stood at $X per pair in 2021, falling by -16.7% against the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, gloves export price decreased by -20.8% against 2019 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by 31%. Over the period under review, the average export prices reached the peak figure at $X per pair in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

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 Germany ($X per pair), while the average price for exports to Georgia totaled $X per pair.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.6%).

Gloves Imports

Imports into Ukraine

In 2022, overseas purchases of gloves, mittens and mitts (excluding knitted or crocheted) increased by 1,685% to X pairs, rising for the second consecutive year after two years of decline. Overall, imports posted prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, gloves imports soared to $X in 2022. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X pairs) constituted the largest supplier of gloves to Ukraine, with a 12% share of total imports. Moreover, gloves imports from China exceeded the figures recorded by the second-largest supplier, Pakistan (X pairs), fourfold. Turkey (X pairs) ranked third in terms of total imports with a 0.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -20.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+26.3% per year) and Turkey (+4.9% per year).

In value terms, China ($X) constituted the largest supplier of gloves, mittens and mitts (excluding knitted or crocheted) to Ukraine, comprising 60% of total imports. The second position in the ranking was held by Pakistan ($X), with a 24% share of total imports. It was followed by Vietnam, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+31.9% per year) and Vietnam (+24.1% per year).

Import Prices by Country

In 2021, the average gloves import price amounted to $X per pair, rising by 7.8% against the previous year. Overall, the import price posted a strong increase. The pace of growth was the most pronounced in 2019 an increase of 172% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per pair), while the price for Turkey ($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 (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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