Hong Kong SAR, China - Gloves, Mittens And Mitts (Excluding Knitted Or Crocheted) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGloves Price in Hong Kong SAR - 2023
Contents:
- Gloves Price in Hong Kong SAR (CIF) - 2023
- Gloves Price in Hong Kong SAR (FOB) - 2022
- Gloves Imports in Hong Kong SAR
- Gloves Exports in Hong Kong SAR
Gloves Price in Hong Kong SAR (CIF) - 2023
In September 2023, the average gloves import price amounted to $3.0 per pair, dropping by -39% against the previous month. Over the period under review, the import price showed a perceptible reduction. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 543% m-o-m. As a result, import price reached the peak level of $14.4 per pair. From March 2023 to September 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was China ($10.5 per pair), while the price for Malaysia ($1.5 per pair) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Gloves Price in Hong Kong SAR (FOB) - 2022
In 2021, the average gloves export price amounted to $3.5 per pair, falling by -11.7% against the previous year. Overall, the export price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 49%. As a result, the export price attained the peak level of $7.5 per pair. From 2014 to 2021, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($111 per pair), while the average price for exports to the United States ($12 per pair) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.
Gloves Imports in Hong Kong SAR
Gloves imports into Hong Kong SAR fell slightly to 1.6M pairs in 2022, stabilizing at 2021. Over the period under review, imports faced a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 8.4%. Imports peaked at 2.4M pairs in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, gloves imports surged to $4.5M in 2022. Overall, imports saw a sharp decrease. Imports peaked at $9.1M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Import of Gloves in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
China | 6,359 | 904 | 1,175 | -57.0% | |
Malaysia | 434 | 734 | 939 | 47.1% | |
Thailand | 48.7 | 185 | 326 | 158.7% | |
Vietnam | 166 | 127 | 126 | -12.9% | |
Others | 2,090 | 1,685 | 1,190 | -24.5% | |
Total | 9,098 | 3,635 | 3,756 | -35.7% |
Top Suppliers of Gloves to Hong Kong SAR in 2022:
- China (56.8K pairs)
- Malaysia (55.5K pairs)
- Thailand (47.4K pairs)
- Vietnam (2.3K pairs)
Gloves Exports in Hong Kong SAR
After two years of decline, shipments abroad of gloves, mittens and mitts (excluding knitted or crocheted) increased by 16% to 837K pairs in 2022. Over the period under review, exports, however, recorded a significant decline. Over the period under review, the exports hit record highs at 2.5M pairs in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, gloves exports surged to $3.3M in 2022. In general, exports, however, faced a dramatic curtailment. Over the period under review, the exports reached the peak figure at $13M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Gloves in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
United States | 3,991 | 831 | 829 | -54.4% | |
China | 869 | 382 | 363 | -35.4% | |
Russia | 310 | 248 | 253 | -9.7% | |
Macao SAR | 130 | 190 | 166 | 13.0% | |
United Kingdom | 227 | 308 | 150 | -18.7% | |
Canada | 936 | 320 | 141 | -61.2% | |
Netherlands | 336 | 24.4 | 126 | -38.8% | |
Japan | 789 | 281 | 96.8 | -65.0% | |
France | 664 | 193 | 60.6 | -69.8% | |
Italy | 1,971 | 724 | 59.0 | -82.7% | |
United Arab Emirates | 1.0 | 4.1 | 31.9 | 464.8% | |
Germany | 921 | 106 | 15.8 | -86.9% | |
Others | 1,361 | 462 | 273 | -55.2% | |
Total | 12,507 | 4,073 | 2,566 | -54.7% |
Top Export Markets for Gloves from Hong Kong SAR in 2022:
- United States (67.6K pairs)
- Macao SAR (12.5K pairs)
- Canada (7.1K pairs)
- China (6.0K pairs)
- United Kingdom (5.3K pairs)
- Russia (2.3K pairs)
- United Arab Emirates (2.1K pairs)
- Netherlands (2.0K pairs)
- Japan (2.0K pairs)
- France (1.4K pairs)
- Italy (1.2K pairs)
- Germany (0.4K pairs)
This report provides an in-depth analysis of the gloves market in Hong Kong SAR, China. 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 14192370 - Gloves, mittens and mitts (excluding knitted or crocheted)
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the gloves market in Hong Kong SAR, China.
This report provides an in-depth analysis of the global gloves market.
This report provides an in-depth analysis of the gloves market in Hong Kong SAR, China.
This report provides an in-depth analysis of the global gloves market.
In June 2023, the Gloves price rose by 38% to $7.9 per pair (CIF, Hong Kong) compared to the previous month.
In June 2023, the Gloves price rose by 38% to $7.9 per pair (CIF, Hong Kong) compared to the previous month.