Eastern Europe: Gloves Market 2024

Gloves Market Size in Eastern Europe

In 2023, after two years of growth, there was significant decline in the East European gloves market, when its value decreased by X% to $X. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2022, and then dropped in the following year.

Gloves Production in Eastern Europe

In value terms, gloves production amounted to $X in 2023 estimated in export price. In general, production continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Gloves Exports

Exports in Eastern Europe

In 2023, approx. X pairs of gloves, mittens and mitts (excluding knitted or crocheted) were exported in Eastern Europe; picking up by X% against 2022. Overall, exports saw strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2023 and are likely to see gradual growth in years to come.

In value terms, gloves exports rose markedly to $X in 2023. Over the period under review, exports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum in 2023 and are expected to retain growth in years to come.

Exports by Country

In 2023, Poland (X pairs) and the Czech Republic (X pairs) were the largest exporters of gloves, mittens and mitts (excluding knitted or crocheted) in Eastern Europe, together amounting to approx. X% of total exports. It was distantly followed by Russia (X pairs), Ukraine (X pairs), Hungary (X pairs) and Estonia (X pairs), together creating a X% share of total exports. Slovakia (X pairs) took a little share of total exports.

From 2012 to 2023, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the largest gloves supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total exports. It was followed by Estonia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Poland amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Estonia (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per pair, declining by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per pair in 2022, and then fell in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Poland ($X per pair), while Russia ($X per pair) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Gloves Imports

Imports in Eastern Europe

For the fifth year in a row, Eastern Europe recorded growth in overseas purchases of gloves, mittens and mitts (excluding knitted or crocheted), which increased by X% to X pairs in 2023. Overall, imports posted a prominent increase. The growth pace was the most rapid in 2017 when imports increased by X%. The volume of import peaked in 2023 and is likely to see gradual growth in the immediate term.

In value terms, gloves imports totaled $X in 2023. Total imports indicated a remarkable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked in 2023 and is likely to continue growth in years to come.

Imports by Country

Poland was the main importing country with an import of about X pairs, which resulted at X% of total imports. The Czech Republic (X pairs) took the second position in the ranking, followed by Russia (X pairs), Estonia (X pairs) and Hungary (X pairs). All these countries together held approx. X% share of total imports. The following importers - Slovakia (X pairs) and Romania (X pairs) - each accounted for an X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to gloves imports into Poland stood at X%. At the same time, Estonia (X%), Romania (X%), Slovakia (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. Russia and Hungary experienced a relatively flat trend pattern. From 2012 to 2023, the share of Poland and Estonia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X), Russia ($X) and the Czech Republic ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Estonia, Romania, Hungary and Slovakia lagged somewhat behind, together accounting for a further X%.

Estonia, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per pair, surging by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, import prices attained the peak figure at $X per pair in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform