Pakistan: Gloves Market 2024

Gloves Market Size in Pakistan

In 2022, the Pakistani gloves market decreased by X% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption saw a slight downturn. Gloves consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Gloves Production in Pakistan

In value terms, gloves production dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Gloves Exports

Exports from Pakistan

In 2022, shipments abroad of gloves, mittens and mitts increased by X% to X pairs, rising for the sixth year in a row after two years of decline. Overall, total exports indicated a buoyant expansion 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, exports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, gloves exports expanded sharply to $X in 2022. Over the period under review, total exports indicated strong 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 2016 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X pairs) was the main destination for gloves exports from Pakistan, accounting for a X% share of total exports. Moreover, gloves exports to the United States exceeded the volume sent to the second major destination, Canada (X pairs), twofold. Germany (X pairs) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Germany (X% per year).

In value terms, the United States ($X) remains the key foreign market for gloves, mittens and mitts exports from Pakistan, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Germany (X% per year).

Export Prices by Country

The average gloves export price stood at $X per pair in 2022, rising by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per pair in 2018; afterwards, it flattened through to 2022.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Sweden ($X per pair) and Australia ($X per pair), while the average price for exports to France ($X per pair) and Canada ($X per pair) were amongst the lowest.

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

Gloves Imports

Imports into Pakistan

In 2022, approx. X pairs of gloves, mittens and mitts were imported into Pakistan; standing approx. at the previous year's figure. Over the period under review, imports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X pairs in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, gloves imports soared to $X in 2022. In general, imports, however, continue to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X pairs) constituted the largest gloves supplier to Pakistan, accounting for a X% share of total imports. Moreover, gloves imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X pairs), fivefold. Germany (X pairs) ranked third in terms of total imports with a X% share.

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

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

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: Sweden (X% per year) and Germany (X% per year).

Import Prices by Country

The average gloves import price stood at $X per pair 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%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per pair) and Sweden ($X per pair), while the price for the United Arab Emirates ($X per pair) and the United States ($X per pair) were amongst the lowest.

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

Source: IndexBox Platform

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