Latin America and the Caribbean: Gloves Market 2024

Gloves Market Size in Latin America and the Caribbean

The Latin American gloves market soared to $X in 2022, with an increase of X% against the previous year. The total consumption indicated a mild increase 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, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2022.

Gloves Production in Latin America and the Caribbean

In value terms, gloves production expanded remarkably to $X in 2022 estimated in export price. The total production indicated a modest 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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Gloves Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of gloves, mittens and mitts (excluding knitted or crocheted) was finally on the rise to reach X pairs after three years of decline. Overall, exports, however, faced a abrupt slump. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X pairs in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, gloves exports contracted to $X in 2022. Over the period under review, exports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Honduras (X pairs) and Mexico (X pairs) prevails in exports structure, together achieving X% of total exports. Chile (X pairs) ranks next in terms of the total exports with a X% share, followed by Costa Rica (X%). The following exporters - Brazil (X pairs), Colombia (X pairs) and Guatemala (X pairs) - each amounted to a X% share of total exports.

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

In value terms, the largest gloves supplying countries in Latin America and the Caribbean were Mexico ($X), Chile ($X) and Honduras ($X), together comprising X% of total exports. Brazil, Colombia, Costa Rica and Guatemala lagged somewhat behind, together comprising a further X%.

Costa Rica, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per pair, with a decrease of X% against the previous year. Export price indicated measured growth 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 2019 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. As a result, the export price reached the peak level of $X per pair, and then dropped 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 Chile ($X per pair), while Costa Rica ($X per pair) was amongst the lowest.

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

Gloves Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of gloves, mittens and mitts (excluding knitted or crocheted) increased by X% to X pairs, rising for the second consecutive year after two years of decline. Total imports indicated a temperate increase from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, gloves imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Chile (X pairs) was the key importer of gloves, mittens and mitts (excluding knitted or crocheted), achieving X% of total imports. Brazil (X pairs) took the second position in the ranking, followed by Guatemala (X pairs), Mexico (X pairs) and Colombia (X pairs). All these countries together took approx. X% share of total imports. The following importers - Peru (X pairs), Trinidad and Tobago (X pairs), Jamaica (X pairs), the Dominican Republic (X pairs), Costa Rica (X pairs), Paraguay (X pairs), Panama (X pairs) and Argentina (X pairs) - together made up X% of total imports.

Imports into Chile increased at an average annual rate of X% from 2012 to 2022. At the same time, the Dominican Republic (X%), Jamaica (X%), Guatemala (X%), Trinidad and Tobago (X%), Colombia (X%), Peru (X%), Mexico (X%) and Paraguay (X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Brazil, Argentina and Costa Rica experienced a relatively flat trend pattern. By contrast, Panama (X%) illustrated a downward trend over the same period. Chile (X p.p.), Guatemala (X p.p.), the Dominican Republic (X p.p.), Jamaica (X p.p.) and Trinidad and Tobago (X p.p.) significantly strengthened its position in terms of the total imports, while Costa Rica, Panama and Brazil saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X), Chile ($X) and Brazil ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Colombia, Guatemala, Peru, Argentina, the Dominican Republic, Trinidad and Tobago, Costa Rica, Panama, Paraguay and Jamaica lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Guatemala, with a CAGR of X%, saw the highest growth rate of 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 import price in Latin America and the Caribbean amounted to $X per pair, declining by X% against the previous year. In general, the import price saw a mild descent. The pace of growth was the most pronounced in 2019 an increase of X%. As a result, import price reached the peak level of $X per pair. From 2020 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per pair), while Jamaica ($X per pair) was amongst the lowest.

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

Source: IndexBox Platform

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