India: Gloves Market 2024

Gloves Market Size in India

The Indian gloves market rose rapidly to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Gloves consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Gloves Production in India

In value terms, gloves production expanded significantly to $X in 2022 estimated in export price. Over the period under review, the total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Gloves production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Gloves Exports

Exports from India

For the third year in a row, India recorded growth in overseas shipments of gloves, mittens and mitts (excluding knitted or crocheted), which increased by X% to X pairs in 2022. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, gloves exports fell modestly to $X in 2022. Overall, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

The United States (X pairs), the UK (X pairs) and the Netherlands (X pairs) were the main destinations of gloves exports from India, with a combined X% share of total exports. The United Arab Emirates, France, Australia, Germany, Poland, Canada, Italy, Japan, Belgium and Slovenia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for gloves exported from India were the United States ($X), the UK ($X) and the Netherlands ($X), together comprising X% of total exports. France, Australia, Germany, Poland, Canada, Italy, Japan, Belgium, Slovenia and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

Slovenia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average gloves export price amounted to $X per pair, falling by X% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gloves export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. The export price peaked at $X per pair in 2021, and then fell remarkably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($X per pair), while the average price for exports to the United Arab Emirates ($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 the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Gloves Imports

Imports into India

In 2022, supplies from abroad of gloves, mittens and mitts (excluding knitted or crocheted) increased by X% to X pairs for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports showed a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, gloves imports rose remarkably to $X in 2022. In general, imports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; afterwards, it flattened through to 2022.

Imports by Country

China (X pairs), Spain (X pairs) and Indonesia (X pairs) were the main suppliers of gloves imports to India, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest gloves suppliers to India were China ($X), Spain ($X) and Indonesia ($X), with a combined X% share of total imports.

Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average gloves import price stood at $X per pair in 2022, dropping by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per pair. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($X per pair) and the United States ($X per pair), while the price for the United Arab Emirates ($X per pair) and China ($X per pair) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :