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.
“Part of the reason Top Glove’s ASPs fell was because of the United States Customs and Border Protection’s (US CBP) withhold release order (WRO) resulting in a fall in sales to the United States. Note that selling prices to the United States are higher than the global average. So, the group had to divert orders away from the United States (to other regions with lower ASPs), ” explained the industry observer.
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