Report Update Jan 1, 2025

Hong Kong SAR, China - Luggage and Handbags - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Luggage Market 2025

Luggage Market Size in Hong Kong SAR, China

In 2021, the Hong Kong luggage market decreased by -2.6% to $X, falling for the second consecutive year after three years of growth. Overall, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -22.5% against 2019 indices. Luggage consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Luggage Exports

Exports from Hong Kong SAR, China

For the ninth year in a row, Hong Kong SAR recorded decline in shipments abroad of luggage and handbags, which decreased by -1.8% to X tons in 2021. Overall, exports saw a abrupt descent. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, luggage exports totaled $X in 2021. Over the period under review, exports recorded a deep reduction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for luggage exports from Hong Kong SAR, accounting for a 31% share of total exports. Moreover, luggage exports to China exceeded the volume sent to the second major destination, Macao SAR (X tons), twofold. South Korea (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled -6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (-6.2% per year) and South Korea (-17.8% per year).

In value terms, China ($X), Macao SAR ($X) and South Korea ($X) appeared to be the largest markets for luggage exported from Hong Kong SAR worldwide, with a combined 66% share of total exports.

Among the main countries of destination, Macao SAR, with a CAGR of +7.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average luggage export price stood at $X per ton in 2021, increasing by 5.4% against the previous year. Over the period under review, the export price continues to indicate prominent growth. The growth pace was the most rapid in 2020 when the average export price increased by 25% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Germany ($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 (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Luggage Imports

Imports into Hong Kong SAR, China

In 2021, overseas purchases of luggage and handbags decreased by -15% to X tons, falling for the second year in a row after three years of growth. Overall, imports saw a drastic downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 15% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, luggage imports stood at $X in 2021. In general, imports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 12%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

France (X tons), China (X tons) and Italy (X tons) were the main suppliers of luggage imports to Hong Kong SAR, together accounting for 80% of total imports. These countries were followed by Switzerland and South Korea, which together accounted for a further 8.2%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +15.9%), while purchases for the other leaders experienced a decline.

In value terms, France ($X), China ($X) and Italy ($X) were the largest luggage suppliers to Hong Kong SAR, with a combined 75% share of total imports. Switzerland and South Korea lagged somewhat behind, together comprising a further 10%.

South Korea, with a CAGR of +20.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average luggage import price stood at $X per ton in 2021, surging by 21% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: 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 Italy (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for luggage and handbags in the world?

China constituted the country with the largest volume of luggage consumption, accounting for 43% of total volume. Moreover, luggage consumption in China exceeded the figures recorded by the second-largest consumer, the United States, sixfold. The third position in this ranking was occupied by Pakistan, with a 2.5% share.

What are the largest producers of luggage and handbags in the world?

China constituted the country with the largest volume of luggage production, comprising approx. 67% of total volume. Moreover, luggage production in China exceeded the figures recorded by the second-largest producer, the United States, more than tenfold. The third position in this ranking was occupied by Pakistan, with a 2.3% share.

What are the leading suppliers of luggage and handbags to Hong Kong SAR, China?

In value terms, France constituted the largest supplier of luggage to Hong Kong SAR, comprising 42% of total imports. The second position in the ranking was occupied by China, with an 18% share of total imports. It was followed by Italy, with a 15% share.

What are the leading importers of luggage and handbags from Hong Kong SAR, China?

In value terms, China remains the key foreign market for luggage exports from Hong Kong SAR, comprising 50% of total exports. The second position in the ranking was occupied by Macao SAR, with a 9.9% share of total exports. It was followed by Taiwan Chinese), with a 5.4% share.

What is the average export price for luggage and handbags in Hong Kong SAR, China?

The average luggage export price stood at $185,163 per ton in 2020, growing by 15% against the previous year.

What is the average import price for luggage and handbags in Hong Kong SAR, China?

The average luggage import price stood at $54,188 per ton in 2020, increasing by 18% against the previous year.

This report provides an in-depth analysis of the luggage market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 15121210 - Trunks, suitcases, vanity cases, briefcases, school satchels and similar containers of leather, composition leather, patent leather, plastics, textile materials, aluminium or other materials
Prodcom 15121220 - Handbags of leather, composition leather, patent leather, p lastic sheeting, textile materials or other materials (including those without a handle)
Prodcom 15121270 - Travel sets for personal toilet, sewing, or shoe or clothes cleaning (excluding manicure sets)

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024