According to the Malaysian Rubber Glove Manufacturers Association, the global shortage of rubber gloves will last beyond first-quarter 2022, with growth rate averaging between 15% and 20% per annum going forward.
KUALA LUMPUR: The resurgence in global Covid-19 cases and supply shortage in the US will continue to support elevated average selling prices (ASPs) for gloves, which bodes well for glove makers like Hartalega Holdings Bhd
.
While demand for gloves is expected to stay strong, there have been notable concerns about the pace of growth in ASPs amidst the rollout of vaccines globally and with more capacity coming onstream.
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