South-Eastern Asia: Gloves Market 2024

Gloves Market Size in South-Eastern Asia

The Southeast Asian gloves market reached $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption recorded a measured increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Gloves Production in South-Eastern Asia

In value terms, gloves production reached $X in 2022 estimated in export price. The total production indicated temperate 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Gloves Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of gloves, mittens and mitts (excluding knitted or crocheted) increased by X% to X pairs, rising for the second consecutive year after three years of decline. The total export volume 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 in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, gloves exports skyrocketed to $X in 2022. Total exports indicated a strong expansion 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 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam represented the key exporting country with an export of around X pairs, which reached X% of total exports. Indonesia (X pairs) ranks second in terms of the total exports with a X% share, followed by the Philippines (X%) and Cambodia (X%).

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the largest gloves supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports. It was followed by the Philippines, with an X% share.

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

Export Prices by Country

The export price in South-Eastern Asia stood at $X per pair in 2022, growing by X% against the previous year. Export price indicated strong growth from 2012 to 2022: its price 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. The growth pace was the most rapid in 2018 when the export price increased by X%. The level of export peaked at $X per pair in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in the Philippines ($X per pair) and Vietnam ($X per pair), while Indonesia ($X per pair) and Cambodia ($X per pair) were amongst the lowest.

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

Gloves Imports

Imports in South-Eastern Asia

In 2022, gloves imports in South-Eastern Asia declined to X pairs, falling by X% against the previous year's figure. Over the period under review, imports, however, enjoyed prominent growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked at X pairs in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, gloves imports expanded modestly to $X in 2022. Total imports indicated moderate 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Malaysia (X pairs) was the key importer of gloves, mittens and mitts (excluding knitted or crocheted), constituting X% of total imports. Indonesia (X pairs) took the second position in the ranking, followed by Myanmar (X pairs), Thailand (X pairs) and Singapore (X pairs). All these countries together took near X% share of total imports. The following importers - the Philippines (X pairs) and Cambodia (X pairs) - together made up X% of total imports.

Imports into Malaysia increased at an average annual rate of X% from 2012 to 2022. At the same time, Myanmar (X%), Cambodia (X%), Indonesia (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) and the Philippines (X%) illustrated a downward trend over the same period. Malaysia (X p.p.), Myanmar (X p.p.) and Cambodia (X p.p.) significantly strengthened its position in terms of the total imports, while Thailand, Singapore and the Philippines saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest gloves importing markets in South-Eastern Asia were Thailand ($X), Singapore ($X) and Malaysia ($X), with a combined X% share of total imports. The Philippines, Indonesia, Cambodia and Myanmar lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Cambodia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per pair in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a noticeable downturn. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per pair in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per pair), while Myanmar ($X per pair) was amongst the lowest.

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

Source: IndexBox Platform

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