Report Update: Nov 1, 2024

World - Luggage And Handbags - Market Analysis, Forecast, Size, Trends and Insights

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Luggage market

Luggage market: get newly released facts and figures powered by an Ai-driven market research platform. Data include production, market prices, consumption, companies, market size, trade, exports, and imports. There is a breakdown by region, including the U.S., EU, China, Latin America, the U.K., the Middle East, Russia, and Africa. Market trends and forecast to 2030 are also provided in the dashboards.

Luggage - World's Largest Markets

Rating	Country
1	China
2	United States
3	Pakistan
4	Bangladesh
5	Russia

In value terms, China led the market, alone. The second position in the ranking was occupied by the United States. It was followed by Pakistan.

In China, the luggage market expanded at an average annual rate of +73.1% over the period from 2018-2020. The remaining consuming countries recorded the following average annual rates of market growth: the United States (-10.2% per year) and Pakistan (-10.4% per year).

Luggage Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
China	8285	8445	9742	8.4%
India	23968	21842	23405	-1.2%
Vietnam	29357	27905	24498	-8.6%
Netherlands	31124	33202	29481	-2.7%
France	87080	75170	93132	3.4%
Italy	125072	147267	158919	12.7%
Average	15632	16772	21357	16.9%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Italy ($158,919 per ton), while China ($9,742 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
Hong Kong SAR	43847	46035	54053	11.0%
France	23738	24738	46748	40.3%
Italy	25066	27678	40763	27.5%
China	30056	33980	40669	16.3%
Singapore	39520	33750	33184	-8.4%
United Kingdom	22621	21954	27986	11.2%
Germany	21655	21198	24470	6.3%
Netherlands	19263	22123	20527	3.2%
Spain	16080	17965	19862	11.1%
United States	14777	15172	16335	5.1%
Canada	12654	13975	10640	-8.3%
Saudi Arabia	8226	7191	10240	11.6%
Indonesia	6493	6389	6223	-2.1%
Average	16490	17024	22435	16.6%

Prices varied noticeably by the country of destination; the country with the highest price was Hong Kong SAR ($54,053 per ton), while Indonesia ($6,223 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by France, while the other global leaders experienced more modest paces of growth.

Luggage - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
China	2	2.5	3.4	31.3%
United States	5	4.8	3.4	-18.0%
Hong Kong SAR	3.5	3.1	2.5	-15.9%
France	1.9	2	2.2	6.9%
Italy	2.1	2.1	1.8	-8.3%

In value terms, the largest luggage importing markets worldwide were China ($3.4B), the United States ($3.4B) and Hong Kong SAR ($2.5B), together accounting for 30% of global imports.

China saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced mixed trends in the imports figures.

Luggage - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
China	18	18	12	-19.7%
Italy	6.6	7.7	6.4	-1.7%
France	5.3	5.9	5.7	3.5%
Vietnam	1.4	1.6	1.1	-11.1%
Netherlands	0.8	0.8	0.9	7.4%

In value terms, the largest luggage supplying countries worldwide were China ($11.8B), Italy ($6.4B) and France ($5.7B), with a combined 66% share of global exports. These countries were followed by Vietnam, the Netherlands and India, which together accounted for a further 7.3%.

The Netherlands recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.

Luggage - Market Forecast

Driven by rising demand for luggage worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Luggage - Top Companies

Shenzhen Speedpower Leather Co. Ltd., Tapestry, Inc., HERMES SELLIER, AM Retail Group, Inc., GUCCI LOGISTICA SPA, SOC DES ATELIERS LOUIS VUITTON, Simone Acc. Collection, Ltd., Tumi Holdings, Inc., ZheJiang AoKang Shoes Co., Ltd., Guangzhou Kashani Leather Articles Co.,Ltd., Vera Bradley, Inc., TATA INTERNATIONAL LIMITED, Guangzhou Aokesai Leather Articles Co.,Ltd., Sungjoo D&D Inc., MANUFACTURES DIOR SRL, Ariat International, Inc., YVES SAINT LAURENT LOGISTICA SRL, GUCCIO GUCCI SPA, TAKATA (PHILIPPINES) CORPORATION, EPE SPA C.I.T

Luggage - Product Coverage

HS 420211 - Cases and containers; trunks, suit-cases, vanity-cases, executive-cases, brief-cases, school satchels and similar containers, with outer surface of leather, of composition leather or of patent leather
HS 420212 - Cases and containers; trunks, suit-cases, vanity-cases, executive-cases, brief-cases, school satchels and similar containers, with outer surface of plastics or of textile materials
HS 420219 - Cases and containers; trunks, suit-cases, vanity-cases, executive-cases, brief-cases, school satchels and similar containers, with outer surface of vulcanised fibre, paperboard or paper
HS 420221 - Cases and containers; handbags (whether or not with shoulder strap and including those without handle), with outer surface of leather, of composition leather or of patent leather
HS 420222 - Cases and containers; handbags (whether or not with shoulder strap and including those without handle), with outer surface of sheeting of plastics or of textile materials
HS 420229 - Cases and containers; handbags (whether or not with shoulder strap and including those without handle), with outer surface of vulcanised fibre, paperboard or paper
HS 960500 - Travel sets; for personal toilet, sewing, shoe or clothes cleaning

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global luggage market. 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 15121210 - Trunks, suitcases, vanity cases, briefcases, school satchels and similar containers of leather, composition leather, patent leather, plastics, textile materials, aluminium or other materials
Prodcom 15121220 - Handbags of leather, composition leather, patent leather, p lastic sheeting, textile materials or other materials (including those without a handle)
Prodcom 15121270 - Travel sets for personal toilet, sewing, or shoe or clothes cleaning (excluding manicure sets)

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
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. 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. 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. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023