Australia: Luggage Market 2024

Luggage Market Size in Australia

The Australian luggage market contracted to $X in 2021, reducing by -8.7% against the previous year. Overall, consumption, however, showed a prominent expansion. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Luggage Production in Australia

In value terms, luggage production reduced dramatically to $X in 2021 estimated in export price. In general, production, however, posted a significant expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 1,010%. Luggage production peaked at $X in 2020, and then declined notably in the following year.

Luggage Exports

Exports from Australia

In 2021, after five years of decline, there was significant growth in shipments abroad of luggage and handbags, when their volume increased by 29% to X tons. Over the period under review, exports, however, saw a abrupt contraction. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, luggage exports surged to $X in 2021. Overall, exports saw a prominent expansion. The growth pace was the most rapid in 2020 when exports increased by 45%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

New Zealand (X tons), Hong Kong SAR (X tons) and Singapore (X tons) were the main destinations of luggage exports from Australia, with a combined 52% share of total exports. The Netherlands, the United States, China, Italy, the United Arab Emirates, Japan, Canada, Papua New Guinea and Macao SAR lagged somewhat behind, together comprising a further 33%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +68.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), New Zealand ($X) and Hong Kong SAR ($X) appeared to be the largest markets for luggage exported from Australia worldwide, with a combined 57% share of total exports. These countries were followed by Italy, China, the United States, Japan, Macao SAR, the Netherlands, the United Arab Emirates, Canada and Papua New Guinea, which together accounted for a further 29%.

Among the main countries of destination, Canada, with a CAGR of +46.0%, saw 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.

Export Prices by Country

The average luggage export price stood at $X per ton in 2021, falling by -8.3% against the previous year. Overall, the export price, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 an increase of 90%. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+28.2%), while the prices for the other major destinations experienced more modest paces of growth.

Luggage Imports

Imports into Australia

In 2021, overseas purchases of luggage and handbags were finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, saw a deep slump. The most prominent rate of growth was recorded in 2016 when imports increased by 10% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, luggage imports skyrocketed to $X in 2021. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -6.1% against 2019 indices. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), France (X tons) and Italy (X tons) were the main suppliers of luggage imports to Australia, together accounting for 80% of total imports. India, the United States, Vietnam, Cambodia and Indonesia lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Cambodia (with a CAGR of +94.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest luggage suppliers to Australia were Italy ($X), France ($X) and China ($X), together accounting for 81% of total imports. India, Vietnam, Cambodia, the United States and Indonesia lagged somewhat behind, together accounting for a further 11%.

Cambodia, with a CAGR of +114.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average luggage import price stood at $X per ton in 2021, picking up by 12% against the previous year. Over the period under review, the import price saw a prominent expansion. The most prominent rate of growth was recorded in 2020 an increase of 45% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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