Despite the accelerated vaccine rollout, the Rubber Glove Manufacturers Association of Malaysia, the world’s largest rubber glove manufacturer, recently warned that the global glove shortage will continue, and the situation of short supply will continue into the second quarter of 2022. According to enterprise investigation data, there are currently 11,000 rubber gloves-related enterprises in China, with Guangdong, Zhejiang and Shandong ranking the top three with 3362, 2986 and 1195 respectively. In 2020, a total of 2,568 new related enterprises were registered, down 13% year-on-year, and 169 new companies have been added so far in 2021.
Enterprise investigation data show that from 2011 to 2019, the registration volume of rubber gloves-related enterprises in China has increased year by year, and the growth rate and registration volume in 2019 are the highest in all years, and the number of new registrations in the whole year reached 2,954, an increase of 69% year-on-year. In 2020, the number of registrations slipped to 2,568, down 13% year-on-year. Up to now, 169 new related enterprises have been added in 2021.
From the perspective of regional distribution, enterprise inspection data shows that Guangdong Province has the largest number of rubber gloves-related enterprises, reaching 3362, followed by Zhejiang with 2986. Shandong, Hebei and Jiangsu ranked among the top five with 1,195, 927 and 525 enterprises respectively.
From the perspective of registered capital, enterprise inspection data show that nearly 80% of rubber gloves-related enterprises in China have a registered capital of less than 5 million, of which 29% of enterprises have a registered capital of less than 1 million, 50% of enterprises have a registered capital of 1 million to 5 million, and a registered capital of more than 30 million accounts for 5% of the total.
Market watchers expect annual production capacity of rubber gloves to increase by 20 billion due to the influx of money from investors, but demand will decline in the first half of next year as countries launch vaccination programs, and new companies that lack market competitiveness will struggle to make a profit.
Beijing News Shell Finance Editor Zhao Ze Proofreader Li Xiangling