HS Code:
The 'With fourchettes' category typically falls under HS Code 4203.29, which refers to gloves, mittens, and mitts made of leather or composition leather, specifically designed with fourchettes (the pieces of material between the fingers for a better fit). These products are widely used in various industries, including fashion, sports, and industrial safety. They are valued for their durability, flexibility, and comfort. Global trade in this category is driven by demand for high-quality leather goods, fashion trends, and protective gear requirements in industrial and sporting applications.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 350 million
29.2% of total trade of total trade
Increasing
USD 280 million
23.3% of total trade of total trade
Stable
USD 200 million
16.7% of total trade of total trade
Increasing
USD 150 million
12.5% of total trade of total trade
Stable
USD 100 million
8.3% of total trade of total trade
Increasing
Average Rate
8.5%
Highest Rate
15% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as EU-India FTA for specific partners)
Rising demand for sustainable and ethically sourced leather
Increased production costs for manufacturers but higher consumer trust and market access in regions like Europe and North America
2021-2022
Growth in sports and outdoor activities
Boost in demand for specialized leather gloves for cycling, motorcycling, and skiing, driving innovation in design and materials
2020-2022
Shift towards automation in manufacturing
Reduced labor costs in countries like China and India, but challenges for smaller producers to adopt technology
2019-2022
The European Union introduced new regulations under the REACH framework to limit the use of hazardous chemicals in leather processing, affecting exporters from South Asia.
January 2023
Increased compliance costs for exporters but improved product safety and consumer confidence in EU markets.
Recent diplomatic talks have led to a partial resumption of trade routes between India and Pakistan, benefiting the leather glove industry with reduced logistics costs.
March 2023
Potential for increased trade volume and lower prices for consumers in both countries.
The United States raised tariffs on certain leather products from China, including gloves with fourchettes, as part of ongoing trade disputes.
September 2022
Shift in market share towards other exporters like India and Bangladesh, though prices for US consumers may rise.