The Leather Sports Gloves and Mittens Market in Japan has experienced a notable decline from 2012 to 2022. The market value reached $290.9 million in 2012 but has decreased consistently each year, with minor fluctuations, ending at $185.96 million in 2022. The year-on-year variations highlight significant drops, particularly in 2013 (-11.42%) and 2017 (-14.15%), while a slight upward trend was observed in 2016 (2.08%), 2018 (8.63%), and 2021 (2.26%). The Compound Annual Growth Rate (CAGR) further underscores the market's decline, averaging -0.93% over the last five years.
Future trends to watch for:
- Increasing emphasis on sustainable and eco-friendly materials.
- Technological advancements in product design for enhanced performance and comfort.
- Potential growth driven by rising popularity in niche sports and recreational activities.
- Market recovery post-pandemic as outdoor and sports activities resume.
| # | 19 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 180,570,000 | 2023 | -2.9% | -3.13% | |
| 2 | 2 China | 177,460,000 | 2023 | +0.3% | +0.026% | View data |
| 3 | 3 South Korea | 100,430,000 | 2023 | +1.73% | +0.87% | View data |
| 4 | 4 Italy | 88,475,000 | 2023 | +2.11% | -0.075% | View data |
| 5 | 5 Canada | 74,889,000 | 2023 | +0.047% | -0.74% | View data |
