Knitted gloves and mittens market in Italy

Earlier Report Observations

The market volume for knitted gloves and mittens in Italy, measured in thousand pairs, showed considerable volatility from 2018 to 2024. After starting at 115.6 thousand pairs in 2018, it dipped to 107.2 thousand pairs in 2019 and fell sharply to 89.6 thousand pairs in 2020. A recovery followed in 2021, bringing the market to 106.5 thousand pairs, and it peaked at 120.5 thousand pairs in 2022. However, volume declined again to 106.4 thousand pairs in 2023 before rising to 115.7 thousand pairs in 2024, nearly matching the initial level.

In value terms, the market experienced even more pronounced swings. Valued at 113.1 million USD in 2018, it remained relatively stable in 2019 at 112.1 million USD but collapsed to 68.5 million USD in 2020. The subsequent rebound in 2021 reached 98.1 million USD, though 2022 saw a slight retreat to 93.8 million USD. A dramatic drop occurred in 2023, with the market value halving to 51.3 million USD, before partially recovering to 79.6 million USD in 2024.

Domestic production contracted severely over the period, from 21.4 thousand pairs in 2018 to just 0.2 thousand pairs by 2024, while import volumes grew from 102.0 thousand pairs to 134.7 thousand pairs, indicating a shifting supply structure for the market.

Production knitted gloves and mittens in Italy

In value, 2017-2020, K $ US

The market showed an unstable trend throughout the period. Production reached its lowest point in 2017 and peaked in 2018, with a 3.5-fold difference between these years. In 2020, Italy's output of knitted gloves and mittens was valued at 15 054 K $ US, representing a sharp 69.8% decline compared to the previous year. The maximum value was recorded in 2018 at 51 785 K $ US, which also saw the largest increase of 246.8%.

Annual dynamics of production in Italy in value, 2017-2020, K $ US

In kind, 2017-2020, K 2u

The market exhibited volatile behavior during these years. Import levels fluctuated significantly, with a 28-fold difference between the low in 2020 and the high in 2018. In 2020, Italy produced 768 K 2u of knitted gloves and mittens, marking a dramatic 95.2% reduction relative to the prior year. The maximum value was recorded in 2018 at 21 405 K 2u, which also experienced the largest increase of 1 533.4%.

Annual dynamics of production in Italy in kind, 2017-2020, K 2u

Exports knitted gloves and mittens from Italy

Exports in kind, M 2u

Knitted gloves and mittens exports from Italy increased for the second consecutive year. In 2020, exports totaled 17.0 M 2u, up by 28.1% compared to 2019. Between 2017 and 2020, exports grew by 111.5%, equating to an annualized rate of 28.4%. The minimum value was recorded in 2018 at 7.8 M 2u, which saw the largest decline of 2.6%. The largest increase occurred in 2019 at 69.5%.

Annual dynamics of product's exports from Italy in kind, 2017-2020, M 2u

From 2017 to 2020, Hungary (29.1% of exports in kind), France (12.2% of exports in kind), and Spain (8.7% of exports in kind) were the top buyers of knitted gloves and mittens from Italy, with their combined share reaching 50.1% of total exports in kind.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Italy in kind, 2017-2020

Exports in value, K $ US

Cross-border shipments of knitted gloves and mittens from Italy increased for the third consecutive year. In 2020, exports amounted to 32 006 K $ US, reflecting a modest 5.0% advance compared to the previous year. Between 2017 and 2020, exports rose by 15.8%, equating to an annualized rate of 5.0%.

Annual dynamics of product's exports from Italy in value, 2017-2020, K $ US

The structure of exports in value terms from 2017 to 2020 was diversified, with France (19.0% of exports in value terms), Germany (10.2% of exports in value terms), and the United Kingdom (8.8% of exports in value terms) together accounting for 38.1% of total flows. No single country held a clearly dominant position.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Italy in value, 2017-2020

Imports knitted gloves and mittens to Italy

Imports in kind, M 2u

Knitted gloves and mittens imports into Italy increased for the third consecutive year. In 2020, imports amounted to 105.8 M 2u, reflecting a slight gain of 1.2% compared to the previous year. Between 2017 and 2020, imports grew by 7%, equating to an annualized rate of 2.3%.

Annual dynamics of product's imports to Italy in kind, 2017-2020, M 2u

From 2017 to 2020, China (64.4% of imports in kind), France (7.2% of imports in kind), and Pakistan (7.0% of imports in kind) led the ranking of suppliers of knitted gloves and mittens to Italy, with their combined share reaching 78.6% of total imports in kind.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Italy in kind, 2017-2020

Imports in value, K $ US

After a two-year increase, knitted gloves and mittens imports into Italy declined. In 2020, Italy imported approximately 85 415 K $ US of knitted gloves and mittens, marking a moderate decrease of 7.9% compared to the previous year. Between 2017 and 2020, imports fell by 5.8%, equating to an annualized rate of 2.0%. The maximum value was recorded in 2019 at 92 759 K $ US, which also saw the largest increase of 1.4%.

Annual dynamics of product's imports to Italy in value, 2017-2020, K $ US

Throughout 2017 to 2020, China (42.6% of imports in value terms), Belgium (12.8% of imports in value terms), and France (11.7% of imports in value terms) remained the key sources for imports in value terms, together accounting for 67.1% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Italy in value, 2017-2020