GCC: Gloves Market 2024

Gloves Market Size in GCC

The GCC gloves market skyrocketed to $X in 2022, with an increase of X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Gloves Production in GCC

In value terms, gloves production surged to $X in 2022 estimated in export price. Overall, production enjoyed significant growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Gloves Exports

Exports in GCC

Gloves exports skyrocketed to X pairs in 2022, picking up by X% on 2021 figures. Overall, exports saw a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, gloves exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates represented the main exporting country with an export of about X pairs, which amounted to X% of total exports. It was distantly followed by Kuwait (X pairs), achieving an X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to gloves exports from the United Arab Emirates stood at X%. At the same time, Kuwait (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. The United Arab Emirates (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest gloves supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Kuwait ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to X%.

Export Prices by Country

The export price in GCC stood at $X per pair in 2022, picking up by X% against the previous year. Over the period under review, the export price showed prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per pair), while Kuwait amounted to $X per pair.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%).

Gloves Imports

Imports in GCC

In 2022, after two years of decline, there was growth in overseas purchases of gloves, mittens and mitts (excluding knitted or crocheted), when their volume increased by X% to X pairs. Overall, imports, however, faced a abrupt slump. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, imports reached the maximum at X pairs in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, gloves imports soared to $X in 2022. In general, imports, however, recorded a slight contraction. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Saudi Arabia represented the main importer of gloves, mittens and mitts (excluding knitted or crocheted) in GCC, with the volume of imports reaching X pairs, which was approx. X% of total imports in 2022. Qatar (X pairs) ranks second in terms of the total imports with a X% share, followed by Kuwait (X%) and the United Arab Emirates (X%). The following importers - Bahrain (X pairs) and Oman (X pairs) - each recorded a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to gloves imports into Saudi Arabia stood at X%. At the same time, Kuwait (X%) and Bahrain (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%), Oman (X%) and Qatar (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kuwait, the United Arab Emirates and Bahrain increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Kuwait ($X) and Saudi Arabia ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Kuwait, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per pair, jumping by X% against the previous year. In general, the import price recorded strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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