Report Update: Apr 1, 2024

Finland - Gloves, Mittens And Mitts (Excluding Knitted Or Crocheted) - Market Analysis, Forecast, Size, Trends And Insights

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Gloves Price in Finland - 2023

Gloves Price in Finland (CIF) - 2023

The average gloves import price stood at $6.7 per pair in August 2023, picking up by 11% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 36% m-o-m. As a result, import price reached the peak level of $11.4 per pair. From March 2023 to August 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Poland ($18.4 per pair), while the price for India ($1.7 per pair) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+21.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Gloves Price in Finland (FOB) - 2023

In August 2023, the average gloves export price amounted to $10.0 per pair, reducing by -47.7% against the previous month. Over the period under review, the export price continues to indicate a pronounced setback. The pace of growth was the most pronounced in April 2023 an increase of 31% against the previous month. The export price peaked at $24.0 per pair in June 2023; however, from July 2023 to August 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Belgium ($14.7 per pair), while the average price for exports to Sweden ($8.8 per pair) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.

Gloves Imports in Finland

In 2022, the amount of gloves, mittens and mitts (excluding knitted or crocheted) imported into Finland expanded notably to 3.5M pairs, increasing by 13% compared with the previous year's figure. The total import volume increased at an average annual rate of +5.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, gloves imports skyrocketed to $22M in 2022. The total import value increased at an average annual rate of +9.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Import of Gloves in Finland (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
China	11.5	7.7	9.0	-11.5%
Sweden	1.1	4.3	5.4	121.6%
Austria	N/A	0.6	1.3	116.7%
Pakistan	0.9	0.6	0.5	-25.5%
Germany	0.4	0.7	0.5	11.8%
India	0.2	0.2	0.3	22.5%
Netherlands	0.3	0.2	0.2	-18.4%
Others	2.3	1.2	1.4	-22.0%
Total	16.6	15.6	18.6	5.9%

Top Suppliers of Gloves to Finland in 2022:

China (554.1K pairs)
Sweden (238.4K pairs)
India (76.1K pairs)
Germany (43.1K pairs)
Austria (32.8K pairs)
Pakistan (32.5K pairs)
Netherlands (22.3K pairs)

Gloves Exports in Finland

For the fourth consecutive year, Finland recorded growth in shipments abroad of gloves, mittens and mitts (excluding knitted or crocheted), which increased by 169% to 580K pairs in 2022. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, gloves exports surged to $5.5M in 2022. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Gloves in Finland (Thousand USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Estonia	352	308	549	24.9%
Germany	320	336	512	26.5%
Sweden	394	338	402	1.0%
Russia	441	277	245	-25.5%
Latvia	59.6	52.9	218	91.3%
Norway	136	123	193	19.1%
Belgium	119	136	143	9.6%
Lithuania	69.6	35.2	112	26.9%
Netherlands	68.0	67.5	91.9	16.3%
Italy	69.1	39.9	46.9	-17.6%
France	68.9	12.4	23.2	-42.0%
Others	604	552	662	4.7%
Total	2,701	2,278	3,199	8.8%

Top Export Markets for Gloves from Finland in 2022:

Estonia (48.5K pairs)
Lithuania (19.0K pairs)
Latvia (16.1K pairs)
Russia (9.3K pairs)
Germany (8.6K pairs)
Norway (8.0K pairs)
Sweden (6.1K pairs)
Italy (3.8K pairs)
Netherlands (3.2K pairs)
Belgium (2.6K pairs)
France (1.7K pairs)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the gloves market in Finland. 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:

Finland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Finland
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023