Austria: Luggage Market 2024

Luggage Market Size in Austria

The Austrian luggage market expanded notably to $X in 2021, surging by 6.6% against the previous year. In general, consumption recorded a mild reduction. Luggage consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Luggage Production in Austria

In value terms, luggage production soared to $X in 2021 estimated in export price. Overall, production, however, posted a buoyant expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Luggage Exports

Exports from Austria

In 2021, overseas shipments of luggage and handbags increased by 1% to X tons, rising for the fifth consecutive year after two years of decline. In general, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +58.9% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 25% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, luggage exports soared to $X in 2021. Overall, exports showed resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 26% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Germany (X tons) was the main destination for luggage exports from Austria, with a 35% share of total exports. Moreover, luggage exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), fourfold. The third position in this ranking was taken by France (X tons), with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+19.4% per year) and France (+9.7% per year).

In value terms, Germany ($X) remains the key foreign market for luggage and handbags exports from Austria, comprising 29% of total exports. The second position in the ranking was held by Poland ($X), with an 11% share of total exports. It was followed by France, with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+41.0% per year) and France (+8.4% per year).

Export Prices by Country

The average luggage export price stood at $X per ton in 2021, jumping by 16% against the previous year. Over the last nine years, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2016 when the average export price increased by 22%. The export price peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Slovenia ($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 the Czech Republic (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.

Luggage Imports

Imports into Austria

In 2021, overseas purchases of luggage and handbags decreased by -5.7% to X tons, falling for the second year in a row after two years of growth. In general, imports showed a noticeable setback. The pace of growth was the most pronounced in 2014 when imports increased by 26% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, luggage imports expanded markedly to $X in 2021. The total import value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 18% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of luggage to Austria, with a 35% share of total imports. Moreover, luggage imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Italy (X tons) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-16.3% per year) and Italy (-5.1% per year).

In value terms, Germany ($X), France ($X) and Italy ($X) constituted the largest luggage suppliers to Austria, with a combined 69% share of total imports. These countries were followed by Poland, the Netherlands, China, the Czech Republic, Spain, Belgium, Slovakia and Turkey, which together accounted for a further 27%.

Poland, with a CAGR of +52.5%, recorded the highest growth rate of the value of imports, among 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 18% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, luggage import price increased by +88.7% against 2014 indices. The most prominent rate of growth was recorded in 2015 an increase of 19% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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