[Introduction] The world will enter the post-epidemic era in 2022. China's total export volume of nitrile gloves has shown a significant downward trend since July. In the second half of the year, as the domestic epidemic prevention policy has been normalized to fully liberalized, glove orders have decreased significantly, and market demand return to a rational state
From 2019 to 2022, China's nitrile gloves have undergone earth-shaking changes under the special market environment of global public health events. From the few domestic nitrile glove manufacturers in the early stage to the centralized construction and production of new nitrile glove production lines, new companies have sprung up like mushrooms. It took only one year for the industry to expand, and the domestic export volume of nitrile gloves has expanded from 500-600 million pairs per month in 2019 to a historical breakthrough and supply peak of the highest export volume of 3.6 billion pairs.
In 2022, China's annual export volume of nitrile gloves will reach 302,400 tons, with an average export price of US$6050.29/ton. On the one hand, affected by the resumption of additional 301 tariffs by the United States, on the other hand, with the popularization of vaccines, the world has entered the post-epidemic era, and the market demand for disposable nitrile protective gloves has plummeted. The backlog of glove inventory of domestic and foreign glove manufacturers and import and export traders has reached a high level. Under the tense environment of reduced orders, low prices, and insufficient profits, many nitrile glove companies and traders have sold their inventory at low prices. The main reason for the "cliff-like" decline in the export price of domestic nitrile gloves in the second half of the year.
From the perspective of export destination countries of nitrile gloves, the proportion of total nitrile gloves exported to the United States will drop by nearly 10% in 2022, but it is still the main export destination country of nitrile gloves in China, accounting for 38.62%. The export proportions of the United Kingdom and Germany are also decreasing, but the export proportions of Japan, Russia, and Poland have increased significantly.
In the fourth quarter of 2022, the total domestic export of nitrile gloves will drop to about 1.9-2.1 billion pairs, which is still a three-fold increase compared with the total of 500-600 million pairs in 2019. As the global proportion of domestic nitrile gloves continues to increase, it has brought market impact and competitive pressure to major nitrile glove manufacturers in Southeast Asia such as Malaysia and Thailand.
In 2023, the market price of nitrile gloves at home and abroad will drop to a low point, and under the current situation of meager profits, the market order game among glove companies is still escalating. How to maintain the existing market orders and customer share without loss, and ensure the production profit of the enterprise? It has become the main market problem currently faced by glove companies. In the later market discussion, Longzhong Information sincerely invites upstream and downstream enterprises and elites in the industry to meet in Zibo, Shandong Province on March 1-2, 2023, focusing on industry hotspots, breaking through industry difficulties, and seeking a road to healthy development of the industry.
