United Kingdom: Leather Sports Gloves Market 2024

Leather Sports Gloves Market Size in the UK

In 2022, the UK leather sports gloves market increased by 42% to $X, rising for the third consecutive year after four years of decline. Over the period under review, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +93.4% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Leather Sports Gloves Exports

Exports from the UK

After two years of decline, shipments abroad of leather sports gloves, mittens and mitts increased by 34% to X units in 2022. In general, exports, however, recorded a perceptible shrinkage. Over the period under review, the exports reached the peak figure at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, leather sports gloves exports soared to $X in 2022. Over the period under review, exports, however, recorded a noticeable decrease. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X units) was the main destination for leather sports gloves exports from the UK, with a 31% share of total exports. Moreover, leather sports gloves exports to Ireland exceeded the volume sent to the second major destination, the United States (X units), threefold. The Netherlands (X units) ranked third in terms of total exports with an 8% share.

From 2012 to 2022, the average annual growth rate of volume to Ireland totaled +6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-0.1% per year) and the Netherlands (+5.8% per year).

In value terms, the largest markets for leather sports gloves exported from the UK were Ireland ($X), the United States ($X) and France ($X), with a combined 41% share of total exports. Canada, Germany, Switzerland, Italy, Macao SAR, the Netherlands, South Africa, the United Arab Emirates, China and Spain lagged somewhat behind, together comprising a further 34%.

Macao SAR, with a CAGR of +108.3%, recorded the highest growth rate of the value of exports, among 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

The average leather sports gloves export price stood at $X per unit in 2022, increasing by 12% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 38% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to the Netherlands ($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 Macao SAR (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Sports Gloves Imports

Imports into the UK

In 2022, overseas purchases of leather sports gloves, mittens and mitts increased by 40% to X units, rising for the third consecutive year after four years of decline. The total import volume increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, leather sports gloves imports soared to $X in 2022. The total import value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Pakistan (X units) constituted the largest supplier of leather sports gloves to the UK, accounting for a 62% share of total imports. Moreover, leather sports gloves imports from Pakistan exceeded the figures recorded by the second-largest supplier, India (X units), fivefold. The third position in this ranking was taken by Indonesia (X units), with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume from Pakistan amounted to +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-4.8% per year) and Indonesia (+4.5% per year).

In value terms, the largest leather sports gloves suppliers to the UK were Pakistan ($X), Indonesia ($X) and China ($X), with a combined 63% share of total imports. Vietnam, India, Thailand and Germany lagged somewhat behind, together comprising a further 24%.

In terms of the main suppliers, Vietnam, with a CAGR of +16.8%, saw the highest growth rate of the value of imports, 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, remaining stable against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 16% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 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 ($X per unit), while the price for Pakistan ($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 (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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