We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
South Africa - Handbags - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

South Africa - Handbags - Market Analysis, Forecast, Size, Trends And Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing
May 18, 2023

Handbag Price in South Africa Soars 55%, Averaging $1.9 per Unit

South Africa Handbag Import Price in February 2023

In February 2023, the handbag price amounted to $1.9 per unit (CIF, South Africa), increasing by 55% against the previous month. Over the period under review, the import price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 361% month-to-month. As a result, import price reached the peak level of $8,255 per thousand units. From October 2022 to February 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was India ($12.4 per unit), while the price for China totaled $1.3 per unit.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by India (+2.2%).

COUNTRYImport Price of Handbag in South Africa (USD per unit)
Feb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023
India9.527.722.21.217.621.012.016.33.715.125.51.212.4
China1.10.80.90.31.00.91.23.10.80.90.90.71.3
Average5.82.02.03.31.41.41.88.31.51.61.61.21.9

South Africa Handbag Import Prices by Type

Prices varied noticeably by the product type; the product with the highest price was handbags with outer surface of vulcanised fibre or of paperboard ($3.7 per unit), while the price for handbags with outer surface of plastic sheeting or of textile materials ($1.5 per unit) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by handbags with outer surface of vulcanised fibre or of paperboard (+3.4%), while the prices for the other products experienced a decline.

South Africa Handbag Imports

In February 2023, approximately 2.9M units of handbags were imported into South Africa; declining by -38.7% compared with the month before. Overall, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in October 2022 when imports increased by 1,043% month-to-month. Over the period under review, imports reached the maximum at 4.7M units in January 2023, and then declined rapidly in the following month.

In value terms, handbag imports dropped modestly to $5.5M (IndexBox estimates) in February 2023. In general, imports, however, enjoyed resilient growth. The growth pace was the most rapid in June 2022 when imports increased by 175% month-to-month. Over the period under review, imports reached the maximum at 6.6M units in November 2022; however, from December 2022 to February 2023, imports stood at a somewhat lower figure.

South Africa Handbag Imports by Type

In February 2023, handbags with outer surface of plastic sheeting or of textile materials (2.2M units) constituted the largest type of handbag supplied to South Africa, with a 78% share of total imports. Moreover, handbags with outer surface of plastic sheeting or of textile materials exceeded the figures recorded for the second-largest type, handbags with outer surface of leather, composition leather, or patent leather (462K units), fivefold.

From February 2022 to February 2023, the average monthly rate of growth in terms of the volume of import of handbags with outer surface of plastic sheeting or of textile materials stood at +29.5%. With regard to the other supplied products, the following average monthly rates of growth were recorded: handbags with outer surface of leather, composition leather, or patent leather (+3.5% per month) and handbags with outer surface of vulcanised fibre or of paperboard (+10.0% per month).

In value terms, handbags with outer surface of plastic sheeting or of textile materials ($3.3M) constituted the largest type of handbag supplied to South Africa, comprising 59% of total imports. The second position in the ranking was taken by handbags with outer surface of leather, composition leather, or patent leather ($1.6M), with a 29% share of total imports.

South Africa Handbag Imports by Country

In February 2023, China (2.8M units) was the main handbag supplier to South Africa, accounting for a 98% share of total imports. It was followed by India (12K units), with a 0.4% share of total imports.

From February 2022 to February 2023, the average monthly rate of growth in terms of volume from China stood at +19.2%.

In value terms, China ($3.6M) constituted the largest supplier of handbag to South Africa, comprising 65% of total imports. The second position in the ranking was taken by India ($150K), with a 2.7% share of total imports.

From February 2022 to February 2023, the average monthly growth rate of value from China amounted to +21.0%.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the handbag market in South Africa. 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:

  • South Africa

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in South Africa
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

Recommended posts

Free Data: Handbags - South Africa
Table
Handbags - South Africa - Table
Dashboard
Handbags - South Africa - Dashboard
Report
Handbags - South Africa - Report