Rubber: vulcanised (other than hard rubber), gloves other than surgical gloves

In 2024, rubber: vulcanised (other than hard rubber), gloves other than surgical gloves trade exhibited strong growth, with global flows reaching $3,556,945,898 and a three-year compound annual growth rate of -46.5% (five-year: -11.1%). The all-time peak of $23,256,548,567 was recorded in 2021; the current level is 85% below that high-water mark.

Over the 30-year observation window (1995–2024), 72% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is decelerating (-43.2% acceleration).

The World Trade Flows Characterization classifies rubber: vulcanised (other than hard rubber), gloves other than surgical gloves as "One-way trade" in the medium price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.172). The three largest exporters — Malaysia ($1.1B), China ($689.9M), and Thailand ($634.3M) — collectively dominate supply flows. The leading exporter has grown at -55.6% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.062). The three largest import markets are United States ($703.8M), Japan ($279.6M), and Germany ($190.7M). The largest importing market sources from 76 different supplying countries.

Estimated substitution elasticity: -5.13. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Malaysia → United States at $264.7M, representing 37.6% of the importer's total demand.

The volatility score for rubber: vulcanised (other than hard rubber), gloves other than surgical gloves is 27 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, strong demand tailwinds create a favourable entry environment. A moderately concentrated market rewards differentiated positioning and strategic partner selection.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.