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China - Gloves, Mittens And Mitts (Excluding Knitted Or Crocheted) - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Jan 24, 2023
Gloves Price in China Falls 9% to $2.3 per Pair
China Gloves Export Price in September 2022
In September 2022, the gloves price stood at $2.3 per pair (FOB, China), declining by -8.9% against the previous month. Overall, export price indicated a resilient increase from January 2022 to September 2022: its price increased at an average monthly rate of +6.4% over the last eight-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, gloves export price decreased by -8.9% against August 2022 indices. The growth pace was the most rapid in June 2022 when the average export price increased by 39% m-o-m. Over the period under review, the average export prices attained the peak figure at $2.5 per pair in August 2022, and then declined in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($3.8 per pair), while the average price for exports to Croatia ($0.1 per pair) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.
China Gloves Exports
In September 2022, overseas shipments of gloves, mittens and mitts (excluding knitted or crocheted) decreased by -12.2% to 28M pairs, falling for the second month in a row after five months of growth. Overall, exports, however, enjoyed a temperate expansion. The pace of growth appeared the most rapid in May 2022 with an increase of 64% month-to-month. Over the period under review, the exports hit record highs at 37M pairs in July 2022; however, from August 2022 to September 2022, the exports failed to regain momentum.
In value terms, gloves exports dropped markedly to $65M (IndexBox estimates) in September 2022. Over the period under review, exports, however, saw a buoyant expansion. The pace of growth was the most pronounced in May 2022 with an increase of 47% month-to-month. The exports peaked at 84M pairs in July 2022; however, from August 2022 to September 2022, the exports failed to regain momentum.
China Gloves Exports by Country
The United States (7.7M pairs) was the main destination for gloves exports from China, accounting for a 27% share of total exports. Moreover, gloves exports to the United States exceeded the volume sent to the second major destination, the Netherlands (3M pairs), threefold. The third position in this ranking was held by Japan (2.4M pairs), with an 8.6% share.
From January 2022 to September 2022, the average monthly rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: the Netherlands (+6.6% per month) and Japan (+13.0% per month).
In value terms, the United States ($19M) remains the key foreign market for gloves exports from China, comprising 30% of total exports. The second position in the ranking was taken by Japan ($8.4M), with a 13% share of total exports. It was followed by Canada, with a 6.4% share.
From January 2022 to September 2022, the average monthly growth rate of value to the United States stood at +9.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Japan (+16.2% per month) and Canada (+22.8% per month).
Glove Market Overview
The glove market in China is growing rapidly, with factors such as the country's large population and increasing disposable income driving demand. One of the key drivers for the growth of the glove market in China is the country's large population. With over 1.3 billion people, China is the most populous country in the world and this provides a significant potential customer base for glove manufacturers.
Additionally, China's economy has been growing rapidly in recent years and this has led to increases in disposable income levels. This means that more people are able to afford gloves as a luxury item, which is fuelling market growth.
Another driver for the glove market in China is the rising popularity of online shopping. With platforms such as Alibaba's Taobao and JD.com becoming increasingly popular, consumers are able to purchase gloves from the comfort of their own homes with just a few clicks. This convenience factor is leading to more people buying gloves online, which is driving market growth.
This report provides an in-depth analysis of the gloves market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
• Prodcom 14192370 - Gloves, mittens and mitts (excluding knitted or crocheted)
Country coverage:
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in China
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles
Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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