Glove demand-supply imbalance to normalise

“However, glove demand is inelastic. At present, medical gloves are in great demand, but going forward, there will be more industries that will use gloves, which will in turn, provide another leg of growth for the glove industry, ” an analyst said.

PETALING JAYA: The demand supply imbalances of the glove industry is expected to normalise after 2022, as average selling prices (ASPs) decline.

These expectations have been factored into the earnings forecast of local glove makers, which show a dip in earnings for 2022, after a run-up in 2020 and 2021.