Malaysia: Handbag Market 2025

Handbag Market Size in Malaysia

In 2022, the Malaysian handbag market decreased by -12.2% to $X, falling for the fourth consecutive year after five years of growth. In general, consumption saw a perceptible downturn. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Handbag Exports

Exports from Malaysia

In 2022, overseas shipments of handbags increased by 43% to X units, rising for the second consecutive year after two years of decline. Over the period under review, total exports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +2.3% 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 +68.6% against 2020 indices. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, handbag exports fell to $X in 2022. In general, exports, however, saw a perceptible downturn. The pace of growth appeared the most rapid in 2015 when exports increased by 48%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for handbag exports from Malaysia, accounting for a 81% share of total exports. Moreover, handbag exports to the United Arab Emirates exceeded the volume sent to the second major destination, Myanmar (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +28.1%.

In value terms, the largest markets for handbag exported from Malaysia were the United Arab Emirates ($X) and Myanmar ($X).

In terms of the main countries of destination, Myanmar, with a CAGR of +206.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average handbag export price stood at $X per unit in 2022, shrinking by -39.4% against the previous year. Overall, the export price recorded a drastic downturn. The growth pace was the most rapid in 2015 when the average export price increased by 42%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($X per unit), while the average price for exports to the United Arab Emirates stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Handbag Imports

Imports into Malaysia

In 2022, overseas purchases of handbags decreased by -12.7% to X units, falling for the fourth year in a row after five years of growth. In general, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of 45%. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, handbag imports totaled $X in 2022. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -28.1% against 2018 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 35% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Myanmar (X units) constituted the largest handbag supplier to Malaysia, with a 67% share of total imports. Moreover, handbag imports from Myanmar exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Myanmar stood at +258.6%.

In value terms, the United Arab Emirates ($X) and Myanmar ($X) appeared to be the largest handbag suppliers to Malaysia.

In terms of the main suppliers, Myanmar, with a CAGR of +375.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average handbag import price stood at $X per unit in 2022, surging by 15% against the previous year. In general, the import price enjoyed strong growth. The most prominent rate of growth was recorded in 2020 an increase of 65%. The import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while the price for Myanmar totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+32.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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