Italy - Handbags - Market Analysis, Forecast, Size, Trends And Insights
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View PricingItaly's Handbag Exports Jump by 11%, Reaching An Unprecedented $8.9 Billion in 2023
Italy Handbag Exports
In 2023, approx. 59M units of handbags were exported from Italy; increasing by 8.8% against the year before. Over the period under review, total exports indicated a remarkable increase from 2015 to 2023: its volume increased at an average annual rate of +5.0% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by +60.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 22%. The exports peaked in 2023 and are likely to continue growth in years to come.
In value terms, handbag exports stood at $8.9B (IndexBox estimates) in 2023. Overall, total exports indicated resilient growth from 2015 to 2023: its value increased at an average annual rate of +8.5% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by +52.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 29%. The exports peaked in 2023 and are likely to continue growth in years to come.
| COUNTRY | Export Value of Handbag in Italy (million USD) | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| France | 626 | 606 | 653 | 730 | 806 | 775 | 1,033 | 1,258 | 1,549 |
| United States | 472 | 440 | 461 | 475 | 478 | 340 | 627 | 863 | 1,009 |
| Switzerland | 778 | 804 | 1,099 | 1,400 | 2,538 | 1,911 | 2,272 | 1,719 | 998 |
| China | 191 | 191 | 257 | 339 | 368 | 423 | 567 | 583 | 918 |
| South Korea | 229 | 248 | 303 | 374 | 418 | 439 | 574 | 662 | 673 |
| Japan | 301 | 345 | 340 | 353 | 364 | 308 | 387 | 457 | 632 |
| Hong Kong | 375 | 406 | 462 | 454 | 384 | 257 | 292 | 271 | 449 |
| Others | 1,665 | 1,592 | 1,710 | 1,909 | 1,818 | 1,397 | 1,780 | 2,244 | 2,688 |
| Total | 4,638 | 4,633 | 5,285 | 6,034 | 7,174 | 5,851 | 7,532 | 8,059 | 8,916 |
Exports by Country
France (8.4M units) was the main destination for handbag exports from Italy, accounting for a 14% share of total exports. Moreover, handbag exports to France exceeded the volume sent to the second major destination, the United States (3.6M units), twofold. Switzerland (3.5M units) ranked third in terms of total exports with a 6% share.
From 2015 to 2023, the average annual rate of growth in terms of volume to France amounted to +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+6.1% per year) and Switzerland (-2.0% per year).
In value terms, France ($1.5B), the United States ($1B) and Switzerland ($998M) appeared to be the largest markets for handbag exported from Italy worldwide, with a combined 40% share of total exports. China, South Korea, Japan and Hong Kong lagged somewhat behind, together accounting for a further 30%.
In terms of the main countries of destination, China, with a CAGR of +21.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Exports by Type
Handbags with outer surface of leather, composition leather, or patent leather (32M units), handbags with outer surface of plastic sheeting or of textile materials (23M units) and handbags with outer surface of vulcanised fibre or of paperboard (3.6M units) were the main products of handbag exports from Italy.
From 2015 to 2023, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by handbags with outer surface of leather, composition leather, or patent leather (with a CAGR of +7.9%), while the other products experienced more modest paces of growth.
In value terms, handbags with outer surface of leather, composition leather, or patent leather ($6.4B) remains the largest type of handbags exported from Italy, comprising 71% of total exports. The second position in the ranking was held by handbags with outer surface of plastic sheeting or of textile materials ($2.3B), with a 26% share of total exports.
From 2015 to 2023, the average annual rate of growth in terms of the value of handbags with outer surface of leather, composition leather, or patent leather exports amounted to +7.3%. With regard to the other exported products, the following average annual rates of growth were recorded: handbags with outer surface of plastic sheeting or of textile materials (+12.1% per year) and handbags with outer surface of vulcanised fibre or of paperboard (+14.5% per year).
Export Prices by Country
In 2023, the handbag price stood at $152 per unit (FOB, Italy), increasing by 1.7% against the previous year. Overall, export price indicated tangible growth from 2015 to 2023: its price increased at an average annual rate of +3.3% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, handbag export price decreased by -10.1% against 2021 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 30% against the previous year. The export price peaked at $169 per unit in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was South Korea ($370 per unit), while the average price for exports to Russia ($45 per unit) was amongst the lowest.
From 2015 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the handbag market in Italy. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 15121220 - Handbags of leather, composition leather, patent leather, p lastic sheeting, textile materials or other materials (including those without a handle)
Country coverage:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
