Middle East: Handbag Market 2025

Handbag Market Size in the Middle East

In 2022, the Middle Eastern handbag market decreased by -0.8% to $X, falling for the second year in a row after four years of growth. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Handbag Production in the Middle East

In value terms, handbag production shrank to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible expansion. The pace of growth appeared the most rapid in 2018 with an increase of 53% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Handbag Exports

Exports in the Middle East

In 2022, approx. X units of handbags were exported in the Middle East; picking up by 81% on the previous year. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, handbag exports soared to $X in 2022. In general, exports posted a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey represented the largest exporter of handbags in the Middle East, with the volume of exports accounting for X units, which was approx. 61% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units), creating a 37% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the United Arab Emirates (with a CAGR of +31.6%).

In value terms, the United Arab Emirates ($X) emerged as the largest handbag supplier in the Middle East, comprising 69% of total exports. The second position in the ranking was held by Turkey ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at +40.8%.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, with an increase of 51% against the previous year. Overall, the export price, however, saw a abrupt downturn. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Turkey amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.0%).

Handbag Imports

Imports in the Middle East

Handbag imports soared to X units in 2022, growing by 44% compared with the previous year. In general, imports, however, recorded a pronounced descent. The pace of growth appeared the most rapid in 2020 with an increase of 16,633% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, handbag imports surged to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.5% 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 +83.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 54% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

The United Arab Emirates represented the major importing country with an import of around X units, which finished at 34% of total imports. Israel (X units) held the second position in the ranking, followed by Qatar (X units), Turkey (X units) and Kuwait (X units). All these countries together took approx. 54% share of total imports. The following importers - Bahrain (X units) and Iraq (X units) - each resulted at a 5.8% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of +30.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported handbags in the Middle East, comprising 53% of total imports. The second position in the ranking was taken by Turkey ($X), with an 11% share of total imports. It was followed by Qatar, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to +12.5%. In the other countries, the average annual rates were as follows: Turkey (+2.4% per year) and Qatar (+15.2% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, shrinking by -17.3% against the previous year. Overall, the import price, however, saw strong growth. The pace of growth appeared the most rapid in 2021 when the import price increased by 29,079%. As a result, import price attained the peak level of $X per unit, and then shrank notably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Israel ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+23.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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