Global Luggage Market 2025

Luggage Market Size

The global luggage market expanded sharply to $X in 2021, increasing by 8.1% against the previous year. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2018 when the market value increased by 9.2%. Over the period under review, the global market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Luggage Production

In value terms, luggage production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by 26% against the previous year. Global production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Luggage Exports

Exports

In 2021, overseas shipments of luggage and handbags were finally on the rise to reach X tons after two years of decline. Overall, exports, however, saw a noticeable curtailment. The growth pace was the most rapid in 2017 when exports increased by 70% against the previous year. Over the period under review, the global exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, luggage exports soared to $X in 2021. The total export value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The global exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, finishing at X tons, which was approx. 77% of total exports in 2021. The following exporters - Italy (X tons), Vietnam (X tons) and the Netherlands (X tons) - each recorded a 5.4% share of total exports.

Exports from China decreased at an average annual rate of -4.7% from 2012 to 2021. At the same time, the Netherlands (+4.4%) and Vietnam (+2.3%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +4.4% from 2012-2021. Italy experienced a relatively flat trend pattern. China (-7.9 p.p.) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Italy ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2021, together accounting for 54% of global exports.

The Netherlands, with a CAGR of +11.5%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average luggage export price stood at $X per ton in 2021, rising by 5.6% against the previous year. Overall, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +6.4% 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 +57.0% against 2017 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 51%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.8%), while the other global leaders experienced more modest paces of growth.

Luggage Imports

Imports

In 2021, approx. X tons of luggage and handbags were imported worldwide; growing by 11% on the previous year's figure. Overall, imports, however, continue to indicate a pronounced reduction. Global imports peaked 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 +3.3% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons), distantly followed by Thailand (X tons), Hong Kong SAR (X tons), Germany (X tons), Italy (X tons), South Korea (X tons), France (X tons), the UK (X tons), the Netherlands (X tons), the United Arab Emirates (X tons), Indonesia (X tons), Spain (X tons) and Saudi Arabia (X tons) were the main importers of luggage and handbags, together making up 50% of total imports. Thailand (X tons), Hong Kong SAR (X tons), Germany (X tons), Italy (X tons), South Korea (X tons), France (X tons), the UK (X tons), the Netherlands (X tons), the United Arab Emirates (X tons), Indonesia (X tons), Spain (X tons) and Saudi Arabia (X tons) held a relatively small share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of luggage and handbags. At the same time, Thailand (+22.3%), Indonesia (+3.5%) and the Netherlands (+2.7%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in the world, with a CAGR of +22.3% from 2012-2021. South Korea experienced a relatively flat trend pattern. By contrast, Germany (-3.4%), Italy (-3.8%), the United Arab Emirates (-5.0%), France (-5.5%), Spain (-6.6%), Hong Kong SAR (-6.6%), the UK (-8.0%) and Saudi Arabia (-8.4%) illustrated a downward trend over the same period. Thailand (+3.9 p.p.) and the United States (+1.6 p.p.) significantly strengthened its position in terms of the global imports, while Saudi Arabia, Hong Kong SAR and the UK saw its share reduced by -1.5%, -1.9% and -2.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest luggage importing markets worldwide were the United States ($X), France ($X) and Hong Kong SAR ($X), with a combined 26% share of global imports. South Korea, Italy, Germany, the UK, the United Arab Emirates, the Netherlands, Spain, Thailand, Saudi Arabia and Indonesia lagged somewhat behind, together comprising a further 28%.

Among the main importing countries, South Korea, with a CAGR of +7.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global 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 13% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +5.9% 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 +59.8% against 2017 indices. The growth pace was the most rapid in 2020 when the average import price increased by 26%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+10.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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