Eastern Asia: Gloves Market 2022

Gloves Market Size in Eastern Asia

In 2021, the East Asian gloves market decreased by -X% to $X for the first time since 2017, thus ending a three-year rising trend. The total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2016 indices. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Gloves Production in Eastern Asia

In value terms, gloves production declined modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production reached the peak level at $X in 2020, and then dropped modestly in the following year.

Production By Country in Eastern Asia

China (X pairs) remains the largest gloves producing country in Eastern Asia, accounting for X% of total volume. Moreover, gloves production in China exceeded the figures recorded by the second-largest producer, Japan (X pairs), more than tenfold.

In China, gloves production expanded at an average annual rate of +X% over the period from 2012-2021. The remaining producing countries recorded the following average annual rates of production growth: Japan (+X% per year) and Taiwan (Chinese) (+X% per year).

Gloves Exports

Exports in Eastern Asia

In 2021, the amount of gloves, mittens and mitts (excluding knitted or crocheted) exported in Eastern Asia expanded notably to X pairs, picking up by X% against 2020 figures. Over the period under review, exports, however, continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2015 when exports increased by X%. As a result, the exports reached the peak of X pairs. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, gloves exports rose significantly to $X in 2021. In general, exports, however, continue to indicate a abrupt setback. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China prevails in exports structure, amounting to X pairs, which was approx. X% of total exports in 2021. Taiwan (Chinese) (X pairs) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to gloves exports from China stood at -X%. At the same time, Taiwan (Chinese) (+X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +X% from 2012-2021. Taiwan (Chinese) (+X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest gloves supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Taiwan (Chinese) ($X), with a X% share of total exports.

In China, gloves exports plunged by an average annual rate of -X% over the period from 2012-2021.

Export Prices by Country

The export price in Eastern Asia stood at $X per pair in 2021, picking up by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per pair in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was China ($X per pair), while Taiwan (Chinese) totaled $X per pair.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-X%).

Gloves Imports

Imports in Eastern Asia

In 2021, after two years of decline, there was significant growth in purchases abroad of gloves, mittens and mitts (excluding knitted or crocheted), when their volume increased by X% to X pairs. In general, imports, however, recorded a abrupt curtailment. The volume of import peaked at X pairs in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, gloves imports expanded notably to $X in 2021. Overall, imports, however, continue to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2018 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

South Korea (X pairs) and Japan (X pairs) represented roughly X% of total imports in 2021. Taiwan (Chinese) (X pairs) held the next position in the ranking, followed by Hong Kong SAR (X pairs). All these countries together took approx. X% share of total imports. China (X pairs) held a little share of total imports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of -X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Japan ($X), South Korea ($X) and China ($X) were the countries with the highest levels of imports in 2021, with a combined X% share of total imports.

China, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the i in Eastern Asia amounted to $X per pair, shrinking by -X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per pair in 2020, and then shrank in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per pair), while Taiwan (Chinese) ($X per pair) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform