Kuwait: Gloves Market 2024

Gloves Market Size in Kuwait

In 2022, the Kuwaiti gloves market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption recorded a significant increase. Gloves consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Gloves Production in Kuwait

In value terms, gloves production surged to $X in 2022 estimated in export price. Over the period under review, production posted strong growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Gloves Exports

Exports from Kuwait

In 2022, approx. X pairs of gloves, mittens and mitts (excluding knitted or crocheted) were exported from Kuwait; with an increase of X% on 2021. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, gloves exports surged to $X in 2022. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Saudi Arabia (X pairs), Bahrain (X pairs) and Italy (X pairs) were the main destinations of gloves exports from Kuwait, with a combined X% share of total exports.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bahrain (with a CAGR of X.1%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) remains the key foreign market for gloves, mittens and mitts (excluding knitted or crocheted) exports from Kuwait, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports. It was followed by Bahrain, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Bahrain (X.7% per year).

Export Prices by Country

The average gloves export price stood at $X per pair in 2022, growing by X% against the previous year. Overall, the export price enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the average export prices hit record highs at $X per pair in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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 Italy ($X per pair), while the average price for exports to Bahrain ($X per pair) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (X%), while the prices for the other major destinations experienced mixed trend patterns.

Gloves Imports

Imports into Kuwait

In 2022, purchases abroad of gloves, mittens and mitts (excluding knitted or crocheted) increased by X% to X pairs, rising for the third year in a row after two years of decline. In general, imports saw a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, gloves imports soared to $X in 2022. Over the period under review, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X pairs) constituted the largest gloves supplier to Kuwait, with 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. The third position in this ranking was taken by Turkey (X pairs), with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (X% per year) and Turkey (X% per year).

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

From 2013 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Pakistan (X% per year).

Import Prices by Country

The average gloves import price stood at $X per pair in 2022, increasing by X% against the previous year. In general, import price indicated a buoyant expansion from 2013 to 2022: its price increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gloves import price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per pair in 2020; however, from 2021 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 2013 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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