Colombia: Gloves Market 2024

Gloves Market Size in Colombia

The Colombian gloves market rose significantly to $X in 2022, picking up by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Gloves consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Gloves Production in Colombia

In value terms, gloves production rose notably to $X in 2022 estimated in export price. Overall, production, however, showed a slight setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Gloves production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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Gloves Exports

Exports from Colombia

In 2022, approx. X pairs of gloves, mittens and mitts (excluding knitted or crocheted) were exported from Colombia; approximately equating the previous year's figure. Over the period under review, exports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of X pairs. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, gloves exports fell notably to $X in 2022. In general, exports, however, posted a resilient expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X pairs) was the main destination for gloves exports from Colombia, accounting for a X% share of total exports. Moreover, gloves exports to the United States exceeded the volume sent to the second major destination, Guatemala (X pairs), tenfold. The third position in this ranking was taken by Costa Rica (X pairs), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and Costa Rica (X% per year).

In value terms, the United States ($X) remains the key foreign market for gloves, mittens and mitts (excluding knitted or crocheted) exports from Colombia, comprising X% of total exports. The second position in the ranking was taken by Costa Rica ($X), with a X% share of total exports. It was followed by Ecuador, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (X% per year) and Ecuador (X% per year).

Export Prices by Country

In 2022, the average gloves export price amounted to $X per pair, waning by X% against the previous year. Over the period under review, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked at $X per pair in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per pair), while the average price for exports to Switzerland ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (X%), while the prices for the other major destinations experienced more modest paces of growth.

Gloves Imports

Imports into Colombia

Gloves imports into Colombia skyrocketed to X pairs in 2022, growing by X% on the year before. Over the period under review, imports enjoyed a temperate expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, gloves imports soared to $X in 2022. In general, imports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X pairs) constituted the largest gloves supplier to Colombia, accounting for a X% share of total imports. Moreover, gloves imports from China exceeded the figures recorded by the second-largest supplier, Pakistan (X pairs), more than tenfold. Sri Lanka (X pairs) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (X% per year) and Sri Lanka (X% per year).

In value terms, China ($X) constituted the largest supplier of gloves, mittens and mitts (excluding knitted or crocheted) to Colombia, comprising X% of total imports. The second position in the ranking was held by Pakistan ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the average gloves import price amounted to $X per pair, falling by X% against the previous year. Overall, the import price, however, posted a moderate increase. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per pair in 2017; however, from 2018 to 2022, 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 ($X per pair), while the price for China ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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