Myanmar: Gloves Market 2024

Gloves Market Size in Myanmar

The Myanmar's gloves market soared to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, saw a noticeable setback. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Gloves Production in Myanmar

In value terms, gloves production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Gloves Exports

Exports from Myanmar

In 2022, approx. X pairs of gloves, mittens and mitts (excluding knitted or crocheted) were exported from Myanmar; flattening at 2021 figures. Over the period under review, exports, however, recorded a significant increase. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at X pairs in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, gloves exports skyrocketed to $X in 2022. Overall, exports, however, saw significant growth. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X pairs) was the main destination for gloves exports from Myanmar, accounting for a X% share of total exports. Moreover, gloves exports to Japan exceeded the volume sent to the second major destination, the United States (X pairs), twofold. The third position in this ranking was held by China (X pairs), with a X% share.

From 2013 to 2022, the average annual growth rate of volume to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and China (X% per year).

In value terms, Japan ($X) remains the key foreign market for gloves, mittens and mitts (excluding knitted or crocheted) exports from Myanmar, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value to Japan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and China (X% per year).

Export Prices by Country

The average gloves export price stood at $X per pair in 2022, increasing by X% against the previous year. In general, the export price, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per pair in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per pair), while the average price for exports to the United States ($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 Japan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Gloves Imports

Imports into Myanmar

In 2022, supplies from abroad of gloves, mittens and mitts (excluding knitted or crocheted) was finally on the rise to reach X pairs for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports saw significant growth. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at X pairs in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, gloves imports surged to $X in 2022. In general, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X pairs) constituted the largest gloves supplier to Myanmar, accounting for a X% share of total imports. Moreover, gloves imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X pairs), threefold.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and India (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average gloves import price amounted to $X per pair, rising by X% against the previous year. Overall, the import price, however, showed a sharp decline. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked at $X per pair in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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