China: Luggage Market 2025

Luggage Market Size in China

The Chinese luggage market soared to $X in 2021, increasing by 40% against the previous year. In general, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +81.4% against 2014 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Luggage Production in China

In value terms, luggage production surged to $X in 2021 estimated in export price. Overall, production, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 47% against the previous year. Luggage production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Luggage Exports

Exports from China

After three years of decline, shipments abroad of luggage and handbags increased by 21% to X tons in 2021. In general, exports, however, recorded a noticeable curtailment. The growth pace was the most rapid in 2017 with an increase of 93%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, luggage exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a noticeable decline. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for luggage exports from China, accounting for a 20% share of total exports. Moreover, luggage exports to the United States exceeded the volume sent to the second major destination, Japan (X tons), fourfold. Germany (X tons) ranked third in terms of total exports with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-4.7% per year) and Germany (-6.0% per year).

In value terms, the United States ($X) remains the key foreign market for luggage and handbags exports from China, comprising 16% of total exports. The second position in the ranking was held by Japan ($X), with a 7.9% share of total exports. It was followed by South Korea, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled -6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-0.2% per year) and South Korea (+5.3% per year).

Export Prices by Country

The average luggage export price stood at $X per ton in 2021, growing by 9.2% against the previous year. In general, export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, luggage export price increased by +29.0% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of 60%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to the United Arab Emirates ($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 South Korea (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Luggage Imports

Imports into China

In 2021, luggage imports into China soared to X tons, increasing by 16% compared with the year before. In general, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2016 when imports increased by 229% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, luggage imports skyrocketed to $X in 2021. Over the period under review, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Vietnam (X tons), Italy (X tons) and Cambodia (X tons) were the main suppliers of luggage imports to China, together comprising 45% of total imports.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +270.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), France ($X) and Vietnam ($X) appeared to be the largest luggage suppliers to China, together accounting for 81% of total imports. Cambodia, Indonesia, South Korea, Bangladesh, the Philippines, the United States, the Czech Republic, Germany, Thailand and the United Arab Emirates lagged somewhat behind, together accounting for a further 10%.

Cambodia, with a CAGR of +283.0%, saw 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

In 2021, the average luggage import price amounted to $X per ton, increasing by 32% against the previous year. Overall, the import price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 an increase of 175% against the previous year. The import price peaked in 2021 and is likely to continue growth in years to come.

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 France ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+30.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :