Indonesia: Leather Sports Gloves Market 2024

Leather Sports Gloves Market Size in Indonesia

In 2022, the Indonesian leather sports gloves market decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption, however, posted a strong increase. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Leather Sports Gloves Production in Indonesia

In value terms, leather sports gloves production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Leather Sports Gloves Exports

Exports from Indonesia

In 2022, overseas shipments of leather sports gloves, mittens and mitts increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, leather sports gloves exports soared to $X in 2022. In general, total exports indicated noticeable 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for leather sports gloves exports from Indonesia, with a X% share of total exports. Moreover, leather sports gloves exports to the United States exceeded the volume sent to the second major destination, South Korea (X units), threefold. The third position in this ranking was held by the UK (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and the UK (X% per year).

In value terms, the United States ($X) remains the key foreign market for leather sports gloves, mittens and mitts exports from Indonesia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

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

Export Prices by Country

The average leather sports gloves export price stood at $X per unit in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

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 Japan ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

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

Leather Sports Gloves Imports

Imports into Indonesia

In 2022, after two years of decline, there was significant growth in overseas purchases of leather sports gloves, mittens and mitts, when their volume increased by X% to X units. Overall, imports showed a significant expansion. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, leather sports gloves imports skyrocketed to $X in 2022. In general, imports showed resilient growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Pakistan (X units) and Thailand (X units) were the main suppliers of leather sports gloves imports to Indonesia, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

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

Import Prices by Country

In 2022, the average leather sports gloves import price amounted to $X per unit, with a decrease of X% against the previous year. In general, the import price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2020 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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