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96 pages. Eastern Europe is a growing export market for Malaysian rubber gloves. In the last five years, our exports of rubber gloves to the region increased from USD188 million in 2015 to USD367 million in 2019. The growth of the industrial sector in the region has been one of the main contributing factors to the demand for rubber gloves. Industrial rubber gloves are used mainly in the food and beverages sectors.
MREPC undertook a market study in major countries of Eastern Europe to explore the growth potential of the industrial rubber gloves market and to identify opportunities for Malaysian suppliers of the gloves to enhance exports. The market for industrial rubber gloves in Eastern Europe is expected to grow steadily over the next five years. The expansion of the industrial manufacturing and food processing industries and at the same time raising awareness about work safety as well as increasing variety of hazards to work personnel are expected to contribute to the market growth. The market for industrial rubber gloves in the region is projected to reach USD348 million by 2023, a CAGR of 3.4% over the forecast period (2018 â€“ 2023). The volume of demand for the gloves is expected to reach 680 million pairs by 2023 for the total market.
In terms of consumption, Poland was identified as the largest market for industrial gloves in the Eastern European region due to its large-scale manufacturing facilities in many end user industries such as F&B, automobile, electronics, and aviation. The country has a larger consumer base than other target countries. Poland is also a re-export hub for the neighbouring countries within the region. Other major markets with high growth potential are the Czech Republic, Hungary and Romania.
MREPC hopes that the comprehensive market information provided in this report is able to assist the Malaysian industrial glove manufacturers and exporters in supplying their products to Eastern Europe.
Publication Date:22 July 2020
Category: Market Reports
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