U.S.: Gloves Market 2024

Gloves Market Size in the U.S.

In 2022, the U.S. gloves market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, recorded a mild setback. Gloves consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Gloves Production in the U.S.

In value terms, gloves production shrank to $X in 2022. Overall, production continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Gloves Exports

Exports from the U.S.

In 2022, the amount of gloves, mittens and mitts exported from the United States surged to X pairs, picking up by X% on the previous year's figure. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, gloves exports surged to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

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

From 2020 to 2022, the average annual growth rate of volume to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Peru (X% per year).

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

From 2020 to 2022, the average annual growth rate of value to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the average gloves export price amounted to $X per pair, reducing by X% against the previous year. In general, the export price saw a perceptible contraction. The pace of growth appeared the most rapid in 2021 a decrease of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per pair in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per pair), while the average price for exports to Peru ($X per pair) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (X%), while the prices for the other major destinations experienced a decline.

Gloves Imports

Imports into the U.S.

In 2022, approx. X pairs of gloves, mittens and mitts were imported into the United States; jumping by X% against 2021 figures. Over the period under review, imports saw a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, gloves imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

China (X pairs), India (X pairs) and Pakistan (X pairs) were the main suppliers of gloves imports to the United States, together accounting for X% of total imports. Cambodia, Bangladesh, Indonesia and the Philippines lagged somewhat behind, together comprising a further X%.

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

In value terms, China ($X), Pakistan ($X) and India ($X) were the largest gloves suppliers to the United States, with a combined X% share of total imports. Cambodia, Indonesia, the Philippines and Bangladesh lagged somewhat behind, together accounting for a further X%.

Cambodia, with a CAGR of X%, saw the highest growth rate of 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, with a decrease of X% against the previous year. Overall, the import price saw a deep reduction. The pace of growth was the most pronounced in 2021 a decrease of X% against the previous year. The import price peaked at $X per pair in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 the Philippines ($X per pair), while the price for Bangladesh ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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