Italy: Luggage Market 2025

Luggage Market Size in Italy

The Italian luggage market stood at $X in 2021, surging by 5.9% against the previous year. Over the period under review, consumption, however, saw a noticeable downturn. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Luggage Production in Italy

In value terms, luggage production surged to $X in 2021 estimated in export price. Overall, production recorded a temperate expansion. The pace of growth was the most pronounced in 2019 with an increase of 73% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Luggage Exports

Exports from Italy

In 2021, the amount of luggage and handbags exported from Italy skyrocketed to X tons, increasing by 19% on the year before. Over the period under review, exports showed a relatively flat trend pattern. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, luggage exports soared to $X in 2021. Overall, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons), Germany (X tons) and Switzerland (X tons) were the main destinations of luggage exports from Italy, with a combined 41% share of total exports. These countries were followed by the United States, the Netherlands, Spain, the UK, Poland, Japan, China, South Korea, the United Arab Emirates and Russia, which together accounted for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +12.3%), while the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) remains the key foreign market for luggage and handbags exports from Italy, comprising 30% of total exports. The second position in the ranking was held by France ($X), with a 13% share of total exports. It was followed by South Korea, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Switzerland amounted to +12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+4.7% per year) and South Korea (+10.6% per year).

Export Prices by Country

In 2021, the average luggage export price amounted to $X per ton, increasing by 7.8% against the previous year. Overall, export price indicated strong growth 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 export price increased by +57.4% against 2015 indices. The most prominent rate of growth was recorded in 2013 an increase of 16% against the previous year. Over the period under review, the average export 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 suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to the Netherlands ($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 Switzerland (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Luggage Imports

Imports into Italy

Luggage imports into Italy expanded markedly to X tons in 2021, picking up by 5.1% compared with 2020 figures. Overall, imports, however, recorded a noticeable downturn. The growth pace was the most rapid in 2014 with an increase of 9.8% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, luggage imports expanded notably to $X in 2021. The total import value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 20% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest luggage supplier to Italy, accounting for a 56% share of total imports. Moreover, luggage imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), eightfold. Vietnam (X tons) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+8.7% per year) and Vietnam (+17.8% per year).

In value terms, the largest luggage suppliers to Italy were France ($X), China ($X) and the Netherlands ($X), with a combined 60% share of total imports. These countries were followed by Spain, Germany, Vietnam, Belgium, Romania and India, which together accounted for a further 13%.

Vietnam, with a CAGR of +17.6%, recorded 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 more modest paces of growth.

Import Prices by Country

In 2021, the average luggage import price amounted to $X per ton, with an increase of 5.9% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, luggage import price increased by +74.0% against 2016 indices. The pace of growth was the most pronounced in 2020 an increase of 27%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Vietnam ($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 (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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