Last in a series
Currency has real impact on disposable glove prices. The currency exchange rate has been favorable to U.S. buyers in the single-use glove market the last few months, with a strong dollar trading at its highest rate in 20 years. If the dollar should stumble, glove prices are likely to feel upward pressure.
That is why it’s important to monitor international markets closely. If you hear the dollar is weakening, be prepared—and prepare your customers for what could lie ahead.
Third of four parts
Throughout 2023, due to higher interest rates in the United States, the U.S. dollar exchange rate has been strong when compared with Asian currencies—and that helped to keep glove prices lower. The dollar exchange rates are now off their highs, which will erode the buying power of U.S. buyers.
This is all the more reason to order early and fill your inventory before outside factors complicate the market. AMMEX boasts a 98%-plus fill rate on its top products, so you stand to take advantage of an excellent opportunity.
Second of four parts
Pre-pandemic, China was a minor player in the nitrile disposable glove market. Post-pandemic, it has substantially grown its overall nitrile production capacity and is expected to grow it further.
In the single-use glove industry, factories—especially in Malaysia, the world’s No. 1 glove-producing nation—continue to have utilization challenges, with some operating at as low as 20% capacity, and others in the 40%-50% range.
Now that 2024 has arrived, we’re a year further from the pandemic. Multiple trends are continuing to impact glove market conditions, from pricing of NBR (nitrile butadiene rubber) and PVC (polyvinyl chloride) to logistics, energy, and coal prices.
Overall, disposable glove use in the United States continues the upward trajectory it has been on since the 1980s. The market is projected to experience healthy growth throughout the next decade, again proving to be an excellent business opportunity.
If you work with heavy machinery or use tools all day on the job, there is a significant risk to your hands from sharp edges, abrasive surfaces, chemicals, and other potentially harmful objects or substances.
When it comes to hand protection for hazardous environments, you want Gloveworks Nitrile with Raised Diamond Texture (RDT) on your side. These gloves stand up to the rigors of tools and machinery while also delivering dexterity, durability, and—maybe best of all—comfort.
Have you ever had a situation where a customer needed a glove—and you couldn’t get the right size, or color, or mil thickness?
Maybe they were on backorder. Maybe something more complicated was involved, like labor issues at the factory or the port.
In the food service market, price can be an outsized factor for single-use gloves. With a lot of eateries operating on razor-thin margins, operators often must be frugal.
At the same time, safety and hygiene are paramount when working with food. That makes disposable gloves much more than simple accessories—they are vital tools in preventing contamination and ensuring the safety of both staff and customers (and, ultimately, the business).
The disposable glove industry is not widely known for its dedication to customer service.
That is, of course, not a universal statement; many vendors have good, even great, relationships with customers. For the most part, though, the disposable glove industry is where one business sells a commodity to another: It’s purely transactional.
Historically, people who work on cars and trucks have not widely used disposable gloves. For generations of mechanics, hand protection simply was not a big concern.
Why? In many cases—at least until the last couple decades—they lacked the information they needed to make the right choice for safety. Heck, even today the industry is only 120 or so years old. The evolution to new ideas can be long and laborious.
Disposable gloves are essential for—among lots of other things—maintaining hygiene, protecting workers from potential hazards, and preventing the spread of infections. Without strict quality-control measures, even a tiny production slipup could cause an entire batch of gloves to go bad.
It’s likely both distributors and end users can relate to opening a case of new gloves, only to discover that they are all bricked together. Or they tear as soon as they’re pulled on. Or they have the distinctive odor of being well past their use date.
