SADC: Gloves Market 2024

Gloves Market Size in SADC

The SADC gloves market skyrocketed to $X in 2022, increasing by X% against the previous year. Overall, consumption recorded a strong increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Gloves Production in SADC

In value terms, gloves production expanded sharply to $X in 2022 estimated in export price. In general, production posted a resilient expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Gloves Exports

Exports in SADC

After two years of decline, shipments abroad of gloves, mittens and mitts (excluding knitted or crocheted) increased by X% to X pairs in 2022. In general, exports, however, showed a slight downturn. Over the period under review, the exports hit record highs at X pairs in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, gloves exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, South Africa (X pairs) was the main exporter of gloves, mittens and mitts (excluding knitted or crocheted), constituting X% of total exports. Zambia (X pairs) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Namibia (X%). Madagascar (X pairs) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to gloves exports from South Africa stood at X%. At the same time, Zambia (X%) and Madagascar (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. Namibia experienced a relatively flat trend pattern. While the share of Zambia (X p.p.) and Madagascar (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest gloves supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Zambia ($X), with an X% share of total exports. It was followed by Namibia, with a X% share.

In South Africa, gloves exports plunged by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Zambia (X% per year) and Namibia (X% per year).

Export Prices by Country

The export price in SADC stood at $X per pair in 2022, reducing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per pair, and then shrank sharply in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per pair), while Namibia ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (X%), while the other leaders experienced mixed trends in the export price figures.

Gloves Imports

Imports in SADC

Gloves imports soared to X pairs in 2022, increasing by X% against the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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. Overall, imports, however, continue to indicate a mild downturn. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Botswana (X pairs), distantly followed by South Africa (X pairs), Tanzania (X pairs), Angola (X pairs), Zambia (X pairs), Democratic Republic of the Congo (X pairs) and Mozambique (X pairs) represented the key importers of gloves, mittens and mitts (excluding knitted or crocheted), together generating X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Democratic Republic of the Congo (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest gloves importing markets in SADC were South Africa ($X), Angola ($X) and Botswana ($X), together comprising X% of total imports. Democratic Republic of the Congo, Zambia, Tanzania and Mozambique lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Democratic Republic of the Congo, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the import price in SADC amounted to $X per pair, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2019 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 remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :