Gloves, mittens and mitts: of synthetic fibres, knitted or crocheted, (other than impregnated, coated or covered with plastics or rubber)

In 2024, gloves, mittens and mitts: of synthetic fibres, knitted or crocheted, (other than impregnated, coated or covered with plastics or rubber) trade exhibited slight decline, with global flows reaching $1,254,454,496 and a three-year compound annual growth rate of +1.0% (five-year: +0.8%). The all-time peak of $1,421,847,163 was recorded in 2022; the current level is 12% below that high-water mark.

Over the 30-year observation window (1995–2024), 69% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is steady (-0.2% acceleration).

The World Trade Flows Characterization classifies gloves, mittens and mitts: of synthetic fibres, knitted or crocheted, (other than impregnated, coated or covered with plastics or rubber) as "One-way trade" in the medium price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is concentrated (Herfindahl-Hirschman Index 0.351). The three largest exporters — China ($730.5M), Vietnam ($94.2M), and Indonesia ($61.3M) — collectively dominate supply flows. The leading exporter has grown at +2.6% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.066). The three largest import markets are United States ($234.2M), Japan ($137.1M), and Germany ($84.6M). The largest importing market sources from 71 different supplying countries.

Estimated substitution elasticity: -1.92. Buyers tend to remain with established suppliers even when price differences exist.

The dominant trade corridor is China → United States at $123.0M, representing 52.5% of the importer's total demand.

The volatility score for gloves, mittens and mitts: of synthetic fibres, knitted or crocheted, (other than impregnated, coated or covered with plastics or rubber) is 5 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, contracting demand signals caution before committing resources. The concentrated supply structure suggests high barriers but also potential opportunity if dominant suppliers face disruption or capacity constraints.

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