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Tapestry increases its annual sales and profit forecast due to rising demand for luxury items in North America and China, reporting a significant boost in shares and revenue.
LVMH surpasses market expectations with a 1% sales increase in Q4, driven by strong demand for fashion and handbags.
Between 2017 and 2024, Handbag exports experienced a modest decline, reaching $9.7B in 2024 in terms of value.
Luxury brands are shifting towards affordable items due to declining high-price demand, aiming to attract middle-class consumers while keeping their exclusive image intact.
Handbag exports reached their peak in 2023 and are expected to continue growing in the future. The value of handbag exports in 2023 was $8.9 billion.
From 2017 to 2023, Handbag exports experienced slower growth, with a decline in value to $7.5B in 2023.
Handbag imports reached their highest point in 2023 and are projected to continue growing in the coming years. Despite this growth, the value of handbag imports decreased to $604M in 2023.
Explore the top import markets for handbags across the globe, including China, the United States, France, Italy, and more. Discover the key players in the global handbag industry.
Handbag exports peaked at 58M units in 2019, but remained at a lower figure from 2020 to 2023. In terms of value, handbag exports totaled $8.9B in 2023.
Handbag imports reached a peak of 3.1M units in July 2023 but decreased slightly from August to October. In terms of value, handbag imports grew to $228M in October 2023.
Handbag imports reached their highest point in August 2022, with 2.9 million units. However, from September 2022 to August 2023, imports remained at a slightly lower level. In terms of value, handbag imports decreased to $50 million in August 2023.
In June 2023, the Handbag price was $89.60 per unit (CIF, Hong Kong), showing a 12% increase from the previous month.
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