GCC: Gloves Market 2024

Gloves Market Size in GCC

After two years of growth, the GCC gloves market decreased by X% to $X in 2022. Over the period under review, consumption, however, continues to indicate a pronounced downturn. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Gloves Production in GCC

In value terms, gloves production soared to $X in 2022 estimated in export price. Overall, production showed prominent growth. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Gloves Exports

Exports in GCC

In 2022, approx. X pairs of gloves, mittens and mitts were exported in GCC; with an increase of X% compared with 2021 figures. In general, exports, however, continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports attained the peak of X pairs. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, gloves exports surged to $X in 2022. Overall, exports recorded a pronounced increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, accounting for X pairs, which was near X% of total exports in 2022. Oman (X pairs) took a relatively small share of total exports.

Exports from the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2022. At the same time, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. While the share of Oman (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest gloves supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Oman ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to X%.

Export Prices by Country

The export price in GCC stood at $X per pair in 2022, which is down by X% against the previous year. In general, the export price, however, recorded resilient growth. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the export prices hit record highs at $X per pair in 2021, and then fell significantly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per pair), while Oman totaled $X per pair.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Gloves Imports

Imports in GCC

In 2022, approx. X pairs of gloves, mittens and mitts were imported in GCC; reducing by X% against the previous year. Over the period under review, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2015 when imports increased by X%. As a result, imports attained the peak of X pairs. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, gloves imports dropped rapidly to $X in 2022. In general, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2015 when imports increased by X%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Saudi Arabia was the largest importer of gloves, mittens and mitts in GCC, with the volume of imports recording X pairs, which was approx. X% of total imports in 2022. It was distantly followed by the United Arab Emirates (X pairs), Bahrain (X pairs) and Qatar (X pairs), together mixing up a X% share of total imports. Oman (X pairs) and Kuwait (X pairs) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to gloves imports into Saudi Arabia stood at X%. At the same time, Qatar (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Bahrain (X%), Oman (X%), Kuwait (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Saudi Arabia, Qatar, Bahrain and Kuwait increased by X, X, X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Bahrain ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Qatar, Oman and Kuwait lagged somewhat behind, together accounting for a further X%.

Qatar, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in GCC stood at $X per pair in 2022, declining by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per pair. From 2016 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per pair), while Saudi Arabia ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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