Nepal: Handbag Market 2025

Handbag Market Size in Nepal

After two years of growth, the Nepalese handbag market decreased by -4.8% to $X in 2022. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Handbag Production in Nepal

In value terms, handbag production amounted to $X in 2022 estimated in export price. In general, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -9.5% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 66%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Handbag Exports

Exports from Nepal

In 2022, shipments abroad of handbags was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2018 with an increase of 19%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, handbag exports stood at $X in 2022. In general, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 31% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for handbag exports from Nepal, accounting for a 25% share of total exports. Moreover, handbag exports to the United States exceeded the volume sent to the second major destination, Spain (X units), twofold. The third position in this ranking was held by China (X units), with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled -18.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-2.8% per year) and China (+10.7% per year).

In value terms, the United States ($X) remains the key foreign market for handbags exports from Nepal, comprising 35% of total exports. The second position in the ranking was taken by Spain ($X), with an 11% share of total exports. It was followed by Japan, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled -12.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+8.6% per year) and Japan (-4.1% per year).

Export Prices by Country

The average handbag export price stood at $X per unit in 2022, which is down by -1.6% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, handbag export price increased by +54.7% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 17%. The export price peaked at $X per unit in 2021, and then shrank slightly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Greece ($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 Spain (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Handbag Imports

Imports into Nepal

In 2022, the amount of handbags imported into Nepal declined sharply to X units, dropping by -31% against the year before. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 199% against the previous year. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, handbag imports declined significantly to $X in 2022. Overall, imports faced a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 192%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of handbag to Nepal, with a 76% share of total imports. Moreover, handbag imports from China exceeded the figures recorded by the second-largest supplier, India (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -9.1%.

In value terms, China ($X) constituted the largest supplier of handbags to Nepal, comprising 89% of total imports. The second position in the ranking was held by India ($X), with a 6.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -15.5%.

Import Prices by Country

In 2022, the average handbag import price amounted to $X per unit, declining by -2.7% against the previous year. Over the period under review, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 65%. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 China ($X per unit), while the price for India totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-7.0%).

Source: IndexBox Platform