The supply-demand pattern of the disposable glove industry is optimized.

The disposable glove industry has reached a turning point after years of destocking and capacity reduction.

After nearly two to three years of continuous destocking and capacity clearance, the disposable glove industry has finally reached an industry inflection point.

Looking back at the changes in the industry in recent years, from 2020 to 2021, there was an extreme imbalance between supply and demand in the global disposable glove market. At that time, enterprises in the industry generally expanded their production capacity. However, from 2022 to 2023, market demand gradually returned to a stable state. Downstream customers had excessive inventories in the early stage and needed some time to digest them, resulting in a significant adjustment in short-term purchasing demand in the overall market, changing from shortage of supply to oversupply.

Since the second half of 2023, the backlog of inventories in the downstream of the industry has entered the final stage of digestion. At the same time, the clearance effect of high-cost and old production capacities within the industry has become apparent, and the concentration of the supply side of the industry has increased.

This year, the clearance effect of the industry has been obvious. With the improvement of the overall capacity utilization rate of the industry, the price of gloves has also gradually rebounded. From the perspective of the export price of gloves from China, according to the information disclosed by the General Administration of Customs, the average export price of nitrile gloves in June 2024 was $16.8 per thousand pairs, an increase of 8.2% compared to $15.53 per thousand pairs at the beginning of this year.

With the intensification of market competition, Chinese disposable glove manufacturers are constantly improving their R&D capabilities and brand influence to better meet market demand. This also reflects that the competitive advantages of Chinese manufacturers in cost control, supply chain management, and technological innovation have been significantly enhanced.

2024-09-09T17:08:00.676

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