Uzbekistan: Gloves Market 2024

Gloves Market Size in Uzbekistan

In 2022, the Uzbek gloves market decreased by -17.6% to $X, falling for the third year in a row after eight years of growth. Overall, consumption continues to indicate a noticeable shrinkage. The growth pace was the most rapid in 2018 when the market value increased by 7% against the previous year. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Gloves Production in Uzbekistan

In value terms, gloves production contracted to $X in 2022 estimated in export price. In general, production, however, showed a noticeable descent. The pace of growth was the most pronounced in 2021 when the production volume increased by 16% against the previous year. Gloves production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Gloves Exports

Exports from Uzbekistan

In 2022, shipments abroad of gloves, mittens and mitts (excluding knitted or crocheted) increased by 131% to X pairs, rising for the third year in a row after two years of decline. Overall, exports, however, continue to indicate a abrupt downturn. The exports peaked at X pairs in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, gloves exports skyrocketed to $X in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X pairs) was the main destination for gloves exports from Uzbekistan, with a 0.9% share of total exports. Moreover, gloves exports to Russia exceeded the volume sent to the second major destination, Kyrgyzstan (X pairs), twofold. The third position in this ranking was held by Kazakhstan (X pairs), with a 0.2% share.

From 2017 to 2021, the average annual rate of growth in terms of volume to Russia amounted to -43.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (-31.0% per year) and Kazakhstan (-75.0% per year).

In value terms, Russia ($X) remains the key foreign market for gloves, mittens and mitts (excluding knitted or crocheted) exports from Uzbekistan, comprising 55% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a 27% share of total exports. It was followed by Kazakhstan, with a 12% share.

From 2017 to 2021, the average annual growth rate of value to Russia amounted to +24.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+91.7% per year) and Kazakhstan (-37.2% per year).

Export Prices by Country

The average gloves export price stood at $X per pair in 2021, growing by 23% against the previous year. Over the period under review, the export price showed significant growth. The growth pace was the most rapid in 2020 an increase of 59%. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see gradual growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Russia ($X per pair) and Kazakhstan ($X per pair), while the average price for exports to Ukraine ($X per pair) and Kyrgyzstan ($X per pair) were amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+204.6%), while the prices for the other major destinations experienced more modest paces of growth.

Gloves Imports

Imports into Uzbekistan

Gloves imports into Uzbekistan skyrocketed to X pairs in 2022, increasing by 441% compared with 2021. Over the period under review, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, gloves imports dropped to $X in 2022. In general, imports posted a strong expansion. The growth pace was the most rapid in 2021 when imports increased by 115% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

China (X pairs), Turkey (X pairs) and Indonesia (X pairs) were the main suppliers of gloves imports to Uzbekistan, together comprising 11% of total imports. These countries were followed by Vietnam, France, Russia and Italy, which together accounted for a further 4.7%.

From 2017 to 2021, the biggest increases were recorded for France (with a CAGR of +352.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest gloves suppliers to Uzbekistan were China ($X), Turkey ($X) and Indonesia ($X), with a combined 67% share of total imports. These countries were followed by Vietnam, France, Russia and Italy, which together accounted for a further 28%.

France, with a CAGR of +906.0%, saw 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

In 2021, the average gloves import price amounted to $X per pair, rising by 177% against the previous year. Overall, the import price posted a resilient expansion. The import price peaked at $X per pair in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Vietnam ($X per pair) and Russia ($X per pair), while the price for Italy ($X per pair) and France ($X per pair) were amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by China (+24.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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