Report Update Nov 1, 2024

India - Handbags - Market Analysis, Forecast, Size, Trends and Insights

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India: Handbag Market 2024

Handbag Market Size in India

For the fifth year in a row, the Indian handbag market recorded decline in sales value, which decreased by -23.9% to $X in 2022. Overall, consumption continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of 1.7%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Handbag Production in India

In value terms, handbag production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 12%. Handbag production peaked at $X in 2014; afterwards, it flattened through to 2022.

Handbag Exports

Exports from India

Handbag exports from India surged to X units in 2022, rising by 32% on 2021. In general, exports recorded a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, handbag exports surged to $X in 2022. Over the period under review, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 32% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

Germany (X units), the United States (X units) and the Netherlands (X units) were the main destinations of handbag exports from India, with a combined 39% share of total exports. France, Spain, the UK, Belgium, Australia, Japan, Italy, Poland, Portugal and the United Arab Emirates lagged somewhat behind, together comprising a further 50%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +52.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for handbags exports from India, comprising 28% of total exports. The second position in the ranking was taken by France ($X), with an 11% share of total exports. It was followed by the UK, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+14.2% per year) and the UK (-1.5% per year).

Export Prices by Country

In 2022, the average handbag export price amounted to $X per unit, with a decrease of -3.3% against the previous year. In general, the export price recorded a perceptible decrease. The pace of growth was the most pronounced in 2013 an increase of 25%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Portugal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.7%), while the prices for the other major destinations experienced a decline.

Handbag Imports

Imports into India

In 2022, the amount of handbags imported into India soared to X units, increasing by 63% compared with the year before. Overall, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2015 when imports increased by 73%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, handbag imports surged to $X in 2022. In general, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by 72% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) was the main supplier of handbag to India, accounting for a approx. 98% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +24.8%.

In value terms, China ($X) constituted the largest supplier of handbags to India.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +10.7%.

Import Prices by Country

The average handbag import price stood at $X per unit in 2022, shrinking by -10.3% against the previous year. Over the period under review, the import price recorded a deep downturn. The pace of growth was the most pronounced in 2014 an increase of 2.5% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -11.3% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for handbags in the world?

The countries with the highest volumes of in 2021 were China and South Africa.

What are the largest producers of handbags in the world?

The country with the largest volume of handbag production was China, accounting for 96% of total volume.

What are the leading suppliers of handbags to India?

In value terms, China constituted the largest supplier of handbag to India, comprising 58% of total imports. The second position in the ranking was occupied by Singapore, with an 11% share of total imports. It was followed by France, with an 8.4% share.

What are the leading importers of handbags from India?

In value terms, the United States remains the key foreign market for handbag exports from India, comprising 28% of total exports. The second position in the ranking was occupied by France, with a 14% share of total exports. It was followed by the UK, with an 11% share.

What is the average export price for handbags in India?

The average handbag export price stood at $23,635 per ton in 2021, shrinking by -43.8% against the previous year.

What is the average import price for handbags in India?

In 2021, the average handbag import price amounted to $16,686 per ton, growing by 33% against the previous year.

This report provides an in-depth analysis of the handbag market in India. 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 15121220 - Handbags of leather, composition leather, patent leather, p lastic sheeting, textile materials or other materials (including those without a handle)

Country coverage:

India

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in India
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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023