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.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan


Annual Plan


Billed as RM148.00/year

1 month

Free Trial

For new subscribers only

Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

ITMAX gets RM105mil DBKL variation order
SC working overtime to combat spread of scams
Russia and Malaysia sign tax agreement
Chinese firms invest in ‘green’ jet fuel
Are MAHB minority shareholders being blindsided?
Maxis gets off to a strong start to the year
JPMorgan investors weigh CEO Dimon’s strategy, succession plan
MFM allocates RM300mil to improve grain, poultry operations
Toyota repeatedly halts Mexico plant after suppliers hit by labour shortage

Others Also Read