Canada: Luggage Market 2024

Luggage Market Size in Canada

The Canadian luggage market dropped to $X in 2021, which is down by -3.7% against the previous year. Overall, consumption saw a slight contraction. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Luggage Production in Canada

In value terms, luggage production contracted rapidly to $X in 2021 estimated in export price. Overall, production saw a abrupt downturn. The growth pace was the most rapid in 2015 with an increase of 28%. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Luggage Exports

Exports from Canada

In 2021, approx. X tons of luggage and handbags were exported from Canada; rising by 30% against 2020. Over the period under review, exports, however, showed a perceptible curtailment. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, luggage exports soared to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for luggage exports from Canada, with a 83% share of total exports. Moreover, luggage exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X tons), more than tenfold. Germany (X tons) ranked third in terms of total exports with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+58.7% per year) and Germany (+33.4% per year).

In value terms, the United States ($X) remains the key foreign market for luggage and handbags exports from Canada, comprising 74% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 4.9% share of total exports. It was followed by the Netherlands, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+5.3% per year) and the Netherlands (+59.3% per year).

Export Prices by Country

The average luggage export price stood at $X per ton in 2021, growing by 3.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. The growth pace was the most rapid in 2018 when the average export price increased by 16%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to the Netherlands ($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 Hong Kong SAR (+30.7%), while the prices for the other major destinations experienced more modest paces of growth.

Luggage Imports

Imports into Canada

In 2021, the amount of luggage and handbags imported into Canada skyrocketed to X tons, jumping by 20% against the year before. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, luggage imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Italy (X tons) and France (X tons) were the main suppliers of luggage imports to Canada, with a combined 65% share of total imports. The United States, Cambodia, Vietnam and Indonesia lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +83.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and France ($X) constituted the largest luggage suppliers to Canada, with a combined 67% share of total imports. The United States, Cambodia, Vietnam and Indonesia lagged somewhat behind, together comprising a further 23%.

Cambodia, with a CAGR of +88.9%, 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, rising by 6.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2014 an increase of 7.2% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for China ($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 (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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