Myanmar: Gloves Market 2024

Gloves Market Size in Myanmar

In 2022, the Myanmar's gloves market decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, recorded a resilient expansion. 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 Myanmar

In value terms, gloves production contracted slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2014 when the production volume increased by X%. Gloves production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Gloves Exports

Exports from Myanmar

In 2022, after two years of decline, there was significant growth in shipments abroad of gloves, mittens and mitts, when their volume increased by X% to X pairs. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. The exports peaked at X pairs in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, gloves exports contracted modestly to $X in 2022. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X pairs) was the main destination for gloves exports from Myanmar, accounting for a X% share of total exports. Moreover, gloves exports to Japan exceeded the volume sent to the second major destination, the United States (X pairs), fourfold. The third position in this ranking was taken by China (X pairs), with an X% share.

From 2017 to 2022, the average annual growth rate of volume to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and China (X% per year).

In value terms, the United States ($X), Thailand ($X) and Japan ($X) constituted the largest markets for gloves exported from Myanmar worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average gloves export price amounted to $X per pair, dropping by X% against the previous year. Overall, the export price, however, posted a resilient increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by X%. As a result, the export price reached the peak level of $X per pair. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per pair), while the average price for exports to Japan ($X per pair) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Gloves Imports

Imports into Myanmar

In 2022, the amount of gloves, mittens and mitts imported into Myanmar soared to X pairs, jumping by X% on 2021. Over the period under review, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of X pairs. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, gloves imports soared to $X in 2022. In general, imports showed significant growth. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X pairs) constituted the largest supplier of gloves to Myanmar, with a X% share of total imports. Moreover, gloves imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X pairs), fourfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Japan (X% per year).

In value terms, China ($X) constituted the largest supplier of gloves, mittens and mitts to Myanmar, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Japan (X% per year).

Import Prices by Country

The average gloves import price stood at $X per pair in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. As a result, import price attained the peak level of $X per pair. From 2015 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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