Report Update: Apr 1, 2024

Hong Kong SAR, China - Gloves, Mittens And Mitts (Excluding Knitted Or Crocheted) - Market Analysis, Forecast, Size, Trends And Insights

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Gloves Price in Hong Kong SAR - 2023

Gloves Price in Hong Kong SAR (CIF) - 2023

In September 2023, the average gloves import price amounted to $3.0 per pair, dropping by -39% against the previous month. Over the period under review, the import price showed a perceptible reduction. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 543% m-o-m. As a result, import price reached the peak level of $14.4 per pair. From March 2023 to September 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was China ($10.5 per pair), while the price for Malaysia ($1.5 per pair) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Gloves Price in Hong Kong SAR (FOB) - 2022

In 2021, the average gloves export price amounted to $3.5 per pair, falling by -11.7% against the previous year. Overall, the export price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 49%. As a result, the export price attained the peak level of $7.5 per pair. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($111 per pair), while the average price for exports to the United States ($12 per pair) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Gloves Imports in Hong Kong SAR

Gloves imports into Hong Kong SAR fell slightly to 1.6M pairs in 2022, stabilizing at 2021. Over the period under review, imports faced a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 8.4%. Imports peaked at 2.4M pairs in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, gloves imports surged to $4.5M in 2022. Overall, imports saw a sharp decrease. Imports peaked at $9.1M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Gloves in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
China	6,359	904	1,175	-57.0%
Malaysia	434	734	939	47.1%
Thailand	48.7	185	326	158.7%
Vietnam	166	127	126	-12.9%
Others	2,090	1,685	1,190	-24.5%
Total	9,098	3,635	3,756	-35.7%

Top Suppliers of Gloves to Hong Kong SAR in 2022:

China (56.8K pairs)
Malaysia (55.5K pairs)
Thailand (47.4K pairs)
Vietnam (2.3K pairs)

Gloves Exports in Hong Kong SAR

After two years of decline, shipments abroad of gloves, mittens and mitts (excluding knitted or crocheted) increased by 16% to 837K pairs in 2022. Over the period under review, exports, however, recorded a significant decline. Over the period under review, the exports hit record highs at 2.5M pairs in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, gloves exports surged to $3.3M in 2022. In general, exports, however, faced a dramatic curtailment. Over the period under review, the exports reached the peak figure at $13M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Gloves in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
United States	3,991	831	829	-54.4%
China	869	382	363	-35.4%
Russia	310	248	253	-9.7%
Macao SAR	130	190	166	13.0%
United Kingdom	227	308	150	-18.7%
Canada	936	320	141	-61.2%
Netherlands	336	24.4	126	-38.8%
Japan	789	281	96.8	-65.0%
France	664	193	60.6	-69.8%
Italy	1,971	724	59.0	-82.7%
United Arab Emirates	1.0	4.1	31.9	464.8%
Germany	921	106	15.8	-86.9%
Others	1,361	462	273	-55.2%
Total	12,507	4,073	2,566	-54.7%

Top Export Markets for Gloves from Hong Kong SAR in 2022:

United States (67.6K pairs)
Macao SAR (12.5K pairs)
Canada (7.1K pairs)
China (6.0K pairs)
United Kingdom (5.3K pairs)
Russia (2.3K pairs)
United Arab Emirates (2.1K pairs)
Netherlands (2.0K pairs)
Japan (2.0K pairs)
France (1.4K pairs)
Italy (1.2K pairs)
Germany (0.4K pairs)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the gloves market in Hong Kong SAR, 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:

Hong Kong SAR

Data coverage:

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

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