Entering 2020, especially since February when the global new crown pneumonia epidemic broke out, the price of nitrile medical surgical gloves has been rising. At the end of 2019, 1,000 pairs of nitrile medical surgical gloves in packages cost about US$30 per box, and a pair of gloves is equivalent to RMB 0.2. By June 2020, the price of each box has risen to 130 US dollars, and each pair of gloves is converted to 0.9 yuan, which is more than four times the price.

There are three main reasons for the rising price of medical surgical gloves:

1. Strong market demand

Affected by the epidemic, countries and regions around the world, especially developed economies such as North America, Europe, and Japan, have doubled the demand for medical facilities, equipment and supplies.

2. Decrease in international supply

Malaysia is the world's largest exporter of medical surgical gloves, accounting for approximately 60% of the international market share. However, due to the severe domestic epidemic in the early stage, its factory was forced to take measures to suspend production and reduce production, and its output fell sharply.

3. The price of raw materials has risen rapidly

Some of the nitrile rubber latex used in the production of the largest medical surgical glove manufacturers in China are purchased from Korea, Malaysia and other countries by way of feed counterparts, and the other part is purchased in the domestic market. The price has been about 5000 yuan at the end of April. /Ton, rose to about 7,000 yuan/ton at present.

Benefiting from earlier control of the epidemic and companies taking the lead in resuming work and production, my country’s foreign trade companies temporarily seized part of the international market, and started producing medical equipment and anti-epidemic materials at full capacity, hoarding large quantities of raw materials for production. Taking medical surgical gloves as an example, data shows that from January to June 2020, the main raw material for the production of nitrile medical surgical gloves, nitrile rubber latex (main tax number HS400251), imported 46,200 tons, with a value of 45,479,300 US dollars. In 2019, these two figures were 38,000 tons and 39,604,400 U.S. dollars, which reached 121.58% and 114.83% of the full year of 2019 in half a year. It is estimated that by 2024, the medical glove production capacity of the leading domestic companies in the industry will be comparable to the world's largest Malaysian Top Glove rubber glove manufacturer.

However, with the advent of the post-epidemic era, the trend of anti-globalization has intensified. All countries and regions have realized the importance of the manufacturing industry chain and supply chain. The demand for the construction of a public health emergency response system has increased, and it will inevitably shrink or adjust Industrial chain layout, priority is placed on the establishment of factories in the country to ensure the stable supply and safety of domestic materials and products, and the global medical glove industry chain is facing the risk of restructuring. At the same time, although the epidemic situation in Europe and the United States continues to be severe, due to economic and employment pressures, "border epidemic prevention and resumption of production" have begun. Faced with the continuous recovery of supply capacity in the international market and the gradual ebb of market demand after the epidemic, it is worth paying attention to whether my country's export companies will experience price diving or even unsalable products due to oversupply. For more news about nitrile gloves, please feel free to pay attention to this site.