Gloves Market in Peru
Market Overview
The Peruvian gloves market stood at $
in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a slight decrease. The most prominent rate of growth was recorded in 2018 with an increase of % against the previous year. Gloves consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.
In value terms, gloves production expanded remarkably to $ in estimated in export prices. In general, production recorded a noticeable decrease. The pace of growth appeared the most rapid in 2018 with an increase of % year-to-year. Gloves production peaked at $ in 2007; however, from 2008 to , production remained at a lower figure.
in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a slight decrease. The most prominent rate of growth was recorded in 2018 with an increase of % against the previous year. Gloves consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.In value terms, gloves production expanded remarkably to $
in estimated in export prices. In general, production recorded a noticeable decrease. The pace of growth appeared the most rapid in 2018 with an increase of % year-to-year. Gloves production peaked at $ in 2007; however, from 2008 to , production remained at a lower figure.Consumption
In , consumption of gloves, mittens and mitts (excluding knitted or crocheted) decreased by -% to pairs for the first time since 2015, thus ending a four-year rising trend. In general, consumption, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of % y-o-y. Gloves consumption peaked at pairs in 2019, and then dropped modestly in the following year.
The value of the gloves market in Peru totaled $ in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2018 with an increase of % y-o-y. Gloves consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
, consumption of gloves, mittens and mitts (excluding knitted or crocheted) decreased by -% to pairs for the first time since 2015, thus ending a four-year rising trend. In general, consumption, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of % y-o-y. Gloves consumption peaked at pairs in 2019, and then dropped modestly in the following year.The value of the gloves market in Peru totaled $
in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2018 with an increase of % y-o-y. Gloves consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.Market Forecast
Driven by increasing demand for gloves in Peru, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to pairs by the end of .
% for the period from to , which is projected to bring the market volume to pairs by the end of .Market Structure
In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.Trade Balance
Peru remains a net importer of gloves; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of pairs, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of pairs, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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