France: Luggage Market 2024

Luggage Market Size in France

The French luggage market stood at $X in 2021, surging by 5.2% against the previous year. Over the period under review, consumption recorded a perceptible slump. Luggage consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Luggage Production in France

In value terms, luggage production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 32% against the previous year. Over the period under review, production hit record highs in 2021 and is expected to retain growth in the near future.

Luggage Exports

Exports from France

After two years of decline, overseas shipments of luggage and handbags increased by 12% to X tons in 2021. Over the period under review, exports, however, recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by 17% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, luggage exports surged to $X in 2021. In general, exports showed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons), Germany (X tons) and Italy (X tons) were the main destinations of luggage exports from France, together comprising 37% of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +38.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for luggage exported from France were China ($X), the United States ($X) and Hong Kong SAR ($X), with a combined 48% share of total exports.

China, with a CAGR of +50.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average luggage export price amounted to $X per ton, surging by 22% against the previous year. In general, the export price posted buoyant growth. The pace of growth was the most pronounced in 2020 an increase of 33% against the previous year. The export price peaked in 2021 and is expected to retain 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 Hong Kong SAR ($X per ton), while the average price for exports to Poland ($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 Poland (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Luggage Imports

Imports into France

In 2021, approx. X tons of luggage and handbags were imported into France; which is down by -2.4% compared with 2020. Overall, imports saw a abrupt decrease. The pace of growth appeared the most rapid in 2019 when imports increased by 0.7%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, luggage imports expanded notably to $X in 2021. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 22% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of luggage to France, with a 43% share of total imports. Moreover, luggage imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+11.0% per year) and Italy (+0.3% per year).

In value terms, Italy ($X), Switzerland ($X) and China ($X) constituted the largest luggage suppliers to France, with a combined 67% share of total imports.

Switzerland, with a CAGR of +47.8%, 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

In 2021, the average luggage import price amounted to $X per ton, surging by 17% against the previous year. Over the period under review, the import price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 an increase of 82%. Over the period under review, average import prices reached the maximum 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 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 Switzerland (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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