Latin America and the Caribbean: Leather Sports Gloves Market 2024

Leather Sports Gloves Market Size in Latin America and the Caribbean

In 2022, the Latin American leather sports gloves market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption recorded a noticeable shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Leather Sports Gloves Production in Latin America and the Caribbean

In value terms, leather sports gloves production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production saw a precipitous slump. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Leather Sports Gloves Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of leather sports gloves, mittens and mitts was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a deep contraction. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, leather sports gloves exports skyrocketed to $X in 2022. In general, exports recorded slight growth. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico dominates exports structure, accounting for X units, which was near X% of total exports in 2022. The Dominican Republic (X units), Panama (X units) and Venezuela (X units) followed a long way behind the leaders.

Exports from Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, the Dominican Republic (X%) and Venezuela (X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Panama (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico, the Dominican Republic and Venezuela increased by X, X and X percentage points, respectively.

In value terms, Mexico ($X) remains the largest leather sports gloves supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Panama ($X), with a X% share of total exports. It was followed by the Dominican Republic, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Panama (X% per year) and the Dominican Republic (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the export price, however, showed a prominent increase. The pace of growth was the most pronounced in 2013 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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 Panama ($X per unit), while the Dominican Republic ($X per unit) was amongst the lowest.

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

Leather Sports Gloves Imports

Imports in Latin America and the Caribbean

In 2022, leather sports gloves imports in Latin America and the Caribbean dropped to X units, falling by X% on the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X units, and then shrank in the following year.

In value terms, leather sports gloves imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Chile (X units), distantly followed by Mexico (X units), Nicaragua (X units), Peru (X units), Bolivia (X units), Brazil (X units), the Dominican Republic (X units) and Colombia (X units) represented the major importers of leather sports gloves, mittens and mitts, together generating X% of total imports. The following importers - Guatemala (X units), Costa Rica (X units), Panama (X units), Ecuador (X units) and El Salvador (X units) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Nicaragua (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 importing markets in Latin America and the Caribbean were Mexico ($X), Chile ($X) and Peru ($X), together comprising X% of total imports. Brazil, Colombia, the Dominican Republic, Ecuador, Panama, Nicaragua, Guatemala, Costa Rica, El Salvador and Bolivia lagged somewhat behind, together comprising a further X%.

Nicaragua, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries 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 unit, growing by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per unit), while Bolivia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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