Myanmar: Luggage Market 2025

Luggage Market Size in Myanmar

The Myanmar's luggage market surged to $X in 2021, rising by 23% against the previous year. Overall, consumption, however, saw a perceptible shrinkage. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Luggage Production in Myanmar

In value terms, luggage production reached $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by 39% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Luggage Exports

Exports from Myanmar

In 2021, overseas shipments of luggage and handbags decreased by -10.9% to X tons, falling for the second consecutive year after five years of growth. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 186% against the previous year. 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 rose sharply to $X in 2021. Over the period under review, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2016 when exports increased by 183% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons), Italy (X tons) and Spain (X tons) were the main destinations of luggage exports from Myanmar, together accounting for 48% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +144.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Italy ($X) and Thailand ($X) constituted the largest markets for luggage exported from Myanmar worldwide, with a combined 46% share of total exports.

Among the main countries of destination, Italy, with a CAGR of +183.3%, saw 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

In 2021, the average luggage export price amounted to $X per ton, with an increase of 23% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced reduction. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Spain ($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 Italy (+26.0%), while the prices for the other major destinations experienced more modest paces of growth.

Luggage Imports

Imports into Myanmar

In 2021, purchases abroad of luggage and handbags increased by 32% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 129%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, luggage imports surged to $X in 2021. In general, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +11.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +76.3% against 2019 indices. The pace of growth was the most pronounced in 2013 when imports increased by 70%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

Imports by Country

China (X tons), Japan (X tons) and Thailand (X tons) were the main suppliers of luggage imports to Myanmar, together accounting for 94% of total imports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +75.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of luggage and handbags to Myanmar, comprising 78% of total imports. The second position in the ranking was held by Japan ($X), with a 10% share of total imports. It was followed by Thailand, with a 2.8% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+55.7% per year) and Thailand (-3.5% per year).

Import Prices by Country

In 2021, the average luggage import price amounted to $X per ton, which is down by -1.9% against the previous year. Overall, the import price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2015 an increase of 49% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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