Austria: Handbag Market 2024

Handbag Market Size in Austria

The Austrian handbag market surged to $X in 2022, picking up by 16% against the previous year. The market value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Handbag Production in Austria

In value terms, handbag production surged to $X in 2022 estimated in export price. In general, production continues to indicate a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 130% against the previous year. Over the period under review, production attained the maximum level in 2022 and is likely to continue growth in years to come.

Handbag Exports

Exports from Austria

In 2022, the amount of handbags exported from Austria rose to X units, growing by 4.4% on 2021. Overall, exports recorded a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 79%. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, handbag exports dropped slightly to $X in 2022. In general, exports posted resilient growth. The pace of growth was the most pronounced in 2014 with an increase of 33% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then declined modestly in the following year.

Exports by Country

Germany (X units), Poland (X units) and Romania (X units) were the main destinations of handbag exports from Austria, with a combined 57% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +59.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for handbags exports from Austria, comprising 36% of total exports. The second position in the ranking was held by Poland ($X), with a 15% share of total exports. It was followed by Italy, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+50.0% per year) and Italy (+15.5% per year).

Export Prices by Country

The average handbag export price stood at $X per unit in 2022, declining by -6.4% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 an increase of 54% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Handbag Imports

Imports into Austria

Handbag imports into Austria dropped to X units in 2022, with a decrease of -4.1% against 2021 figures. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, handbag imports skyrocketed to $X in 2022. In general, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.5% against 2020 indices. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest handbag supplier to Austria, with a 44% share of total imports. Moreover, handbag imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. Poland (X units) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.5% per year) and Poland (+39.0% per year).

In value terms, France ($X), Germany ($X) and Italy ($X) were the largest handbag suppliers to Austria, with a combined 76% share of total imports. The Netherlands, Poland, China, the Czech Republic, Spain and India lagged somewhat behind, together accounting for a further 20%.

In terms of the main suppliers, Poland, with a CAGR of +59.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average handbag import price amounted to $X per unit, jumping by 28% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :