South Africa - Handbags - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHandbag 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%).
| COUNTRY | Import Price of Handbag in South Africa (USD per unit) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | |
| India | 9.5 | 27.7 | 22.2 | 1.2 | 17.6 | 21.0 | 12.0 | 16.3 | 3.7 | 15.1 | 25.5 | 1.2 | 12.4 |
| China | 1.1 | 0.8 | 0.9 | 0.3 | 1.0 | 0.9 | 1.2 | 3.1 | 0.8 | 0.9 | 0.9 | 0.7 | 1.3 |
| Average | 5.8 | 2.0 | 2.0 | 3.3 | 1.4 | 1.4 | 1.8 | 8.3 | 1.5 | 1.6 | 1.6 | 1.2 | 1.9 |
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%.
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:
- 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.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- 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: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- 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: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- 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, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- 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, 2012–2024
