Glove makers unlikely to be severely impacted by softening prices

No panic:Other glove makers are not likely to report a decline in ASPs as experienced by Top Glove in its third quarter ended May 31, 2021. —AFP

THE recent double-digit dip in glove ASPs (average selling prices) for Top Glove Corp Bhd is not likely to be mirrored by other glove makers, due to certain factors that are unique to the world’s largest glovemaker, say research analysts.

An industry observer told StarBizWeek that other glove makers may not see a similar dip in ASPs quarter-on-quarter, as their ASPs previously had lagged that of Top Glove.