Report Update Apr 1, 2024

Puerto Rico - Gloves, Mittens and Mitts - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Gloves Market 2024

Gloves Market Size in Puerto Rico

The Puerto Rican gloves market fell rapidly to $X in 2021, which is down by -29.9% against the previous year. Over the period under review, consumption, however, enjoyed resilient growth. As a result, consumption reached the peak level of $X, and then dropped dramatically in the following year.

Gloves Production in Puerto Rico

In value terms, gloves production contracted dramatically to $X in 2021 estimated in export price. Over the period under review, production, however, recorded prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 146% against the previous year. As a result, production reached the peak level of $X, and then reduced rapidly in the following year.

Gloves Exports

Exports by Country

In 2021, China (X pairs), distantly followed by India (X pairs), Pakistan (X pairs), Belgium (X pairs) and Hong Kong SAR (X pairs) were the key exporters of gloves, mittens and mitts, together creating 68% of total exports. The following exporters - Germany (X pairs), the Netherlands (X pairs), the Czech Republic (X pairs), Bangladesh (X pairs), Sweden (X pairs), France (X pairs) and the United States (X pairs) - together made up 19% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Bangladesh (with a CAGR of +34.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest gloves supplying countries from Puerto Rico were China ($X), Pakistan ($X) and India ($X), with a combined 66% share of total exports. These countries were followed by Germany, the Netherlands, Sweden, Belgium, Bangladesh, the United States, France, the Czech Republic and Hong Kong SAR, which together accounted for a further 18%.

Bangladesh, with a CAGR of +39.3%, saw 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.

Gloves Imports

Imports by Country

In 2021, the United States (X pairs), distantly followed by Germany (X pairs), France (X pairs) and Italy (X pairs) were the main importers of gloves, mittens and mitts, together generating 44% of total imports. Poland (X pairs), the Netherlands (X pairs), Belgium (X pairs), the Czech Republic (X pairs), Russia (X pairs), Spain (X pairs), Sweden (X pairs), Japan (X pairs) and Chile (X pairs) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to gloves imports into the United States stood at +9.3%. At the same time, Russia (+27.4%), Belgium (+20.4%), Spain (+13.3%), the Netherlands (+13.1%), Sweden (+11.8%), Italy (+11.5%), Poland (+11.3%), Germany (+8.9%), France (+7.9%), the Czech Republic (+5.5%) and Chile (+2.2%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing importer imported in the world, with a CAGR of +27.4% from 2012-2021. By contrast, Japan (-4.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States, Germany, Russia, Belgium, Italy, the Netherlands, Poland, Spain, France and Sweden increased by +11, +4.8, +3.1, +3, +2.6, +2.4, +2.3, +2.1, +1.9 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported gloves, mittens and mitts into Puerto Rico, comprising 22% of global imports. The second position in the ranking was held by Germany ($X), with an 8.5% share of global imports. It was followed by France, with a 5.5% share.

In the United States, gloves imports shrank by an average annual rate of -2.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (-2.7% per year) and France (-2.4% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for gloves, mittens and mitts in the world?

The countries with the highest volumes of consumption in 2021 were Russia, China and Turkey, together comprising 35% of global consumption.

What are the largest producers of gloves, mittens and mitts in the world?

The countries with the highest volumes of production in 2021 were Russia, China and Turkey, together comprising 41% of global production.

What are the leading suppliers of gloves, mittens and mitts to Puerto Rico?

In value terms, the United States constitutes the largest market for imported gloves, mittens and mitts into Puerto Rico, comprising 22% of global imports. The second position in the ranking was held by Germany, with an 8.5% share of global imports. It was followed by France, with a 5.5% share.

What are the leading importers of gloves, mittens and mitts from Puerto Rico?

In value terms, the largest gloves supplying countries from Puerto Rico were China, Pakistan and India, together accounting for 66% of total exports. Germany, the Netherlands, Sweden, Belgium, Bangladesh, the United States, France, the Czech Republic and Hong Kong SAR lagged somewhat behind, together accounting for a further 18%.

This report provides an in-depth analysis of the gloves market in Puerto Rico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 14193175 - Gloves, mittens and mitts, of leather or composition leather (excluding for sport, protective for all trades)
Prodcom 32991130 - Protective gloves, mittens and mitts for all trades, of leather or composition leather

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023