Italy: Handbag Market 2025

Handbag Market Size in Italy

The Italian handbag market skyrocketed to $X in 2022, growing by 33% against the previous year. Over the period under review, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Handbag consumption peaked in 2022 and is expected to retain growth in years to come.

Handbag Production in Italy

In value terms, handbag production declined to $X in 2022 estimated in export price. Over the period under review, production, however, saw a perceptible expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 78%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Handbag Exports

Exports from Italy

Handbag exports from Italy shrank to X units in 2022, dropping by -7.1% on the year before. The total export volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 36% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, handbag exports expanded remarkably to $X in 2022. Overall, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.6% 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 +35.7% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 29% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

France (X units), Switzerland (X units) and Germany (X units) were the main destinations of handbag exports from Italy, together comprising 40% of total exports. The United States, Spain, Poland, the UK, Japan, Russia, Greece, South Korea, China and the United Arab Emirates lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +11.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), France ($X) and the United States ($X) appeared to be the largest markets for handbag exported from Italy worldwide, with a combined 48% share of total exports. South Korea, China, Japan, Germany, the UK, Spain, the United Arab Emirates, Poland, Russia and Greece lagged somewhat behind, together accounting for a further 34%.

Among the main countries of destination, Poland, with a CAGR of +17.6%, recorded the highest rates of growth with regard to 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 handbag export price stood at $X per unit in 2022, surging by 13% against the previous year. Over the last decade, it increased at an average annual rate of +3.8%. The most prominent rate of growth was recorded in 2020 an increase of 27% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Greece ($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 Japan (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Handbag Imports

Imports into Italy

In 2022, imports of handbags into Italy surged to X units, jumping by 59% against 2021. In general, total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +85.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, handbag imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.0% against 2020 indices. The pace of growth was the most pronounced in 2018 when imports increased by 24%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest handbag supplier to Italy, accounting for a 48% share of total imports. Moreover, handbag imports from China exceeded the figures recorded by the second-largest supplier, Myanmar (X units), threefold. The third position in this ranking was held by Vietnam (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (+171.9% per year) and Vietnam (+21.8% per year).

In value terms, the largest handbag suppliers to Italy were France ($X), China ($X) and Spain ($X), with a combined 62% share of total imports. Myanmar, Vietnam and India lagged somewhat behind, together comprising a further 7.5%.

Myanmar, with a CAGR of +175.0%, saw the highest growth rate of the value of imports, in terms of 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 2022, the average handbag import price amounted to $X per unit, falling by -24.5% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, handbag import price decreased by -27.2% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 24% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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