Tough times expected to remain for glove sector

TheStar Thu, Apr 04, 2024 12:00am - 1 month View Original


Kenanga Research says industry sales are expected to be volatile in 2024.

PETALING JAYA: The glove sector remains pressured by a challenging operating environment that is plagued by overcapacity.

This is made worse by the predatory pricing by overseas players and higher cost of inputs, while demand remains weak.

Kenanga Research remains pessimistic about the sector, noting that industry sales are expected to be volatile in 2024 as distributors and buyers are still not placing sizeable orders or are holding substantial stocks.

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