Portugal: Gloves Market 2024

Gloves Market Size in Portugal

After four years of growth, the Portuguese gloves market decreased by X% to $X in 2022. Overall, consumption posted strong growth. Over the period under review, the market hit record highs at $X in 2021, and then reduced modestly in the following year.

Gloves Production in Portugal

In value terms, gloves production totaled $X in 2022 estimated in export price. In general, production showed significant growth. The pace of growth was the most pronounced in 2014 with an increase of X%. Gloves production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Gloves Exports

Exports from Portugal

In 2022, approx. X pairs of gloves, mittens and mitts were exported from Portugal; waning by X% compared with the previous year's figure. Overall, total exports indicated mild growth 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 2018 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X pairs. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, gloves exports rose remarkably to $X in 2022. In general, exports recorded a deep setback. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Spain (X pairs) was the main destination for gloves exports from Portugal, with a X% share of total exports. Moreover, gloves exports to Spain exceeded the volume sent to the second major destination, Angola (X pairs), fourfold. The third position in this ranking was held by France (X pairs), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (X% per year) and France (X% per year).

In value terms, Spain ($X), France ($X) and Angola ($X) appeared to be the largest markets for gloves exported from Portugal worldwide, together accounting for X% of total exports.

Spain, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average gloves export price stood at $X per pair in 2022, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a abrupt descent. The export price peaked at $X per pair in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per pair), while the average price for exports to Spain ($X per pair) was amongst the lowest.

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

Gloves Imports

Imports into Portugal

In 2022, gloves imports into Portugal reduced markedly to X pairs, dropping by X% compared with the year before. Overall, total imports indicated a resilient 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 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X pairs, and then dropped dramatically in the following year.

In value terms, gloves imports reduced markedly to $X in 2022. The total import 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 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then shrank remarkably in the following year.

Imports by Country

India (X pairs), Spain (X pairs) and Italy (X pairs) were the main suppliers of gloves imports to Portugal, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest gloves suppliers to Portugal were Spain ($X), India ($X) and Italy ($X), together accounting for X% of total imports.

Italy, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average gloves import price amounted to $X per pair, remaining stable against the previous year. In general, the import price continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per pair in 2013; however, from 2014 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 France ($X per pair), while the price for India ($X per pair) was amongst the lowest.

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

Source: IndexBox Platform

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