Northern America: Luggage Market 2025

Luggage Market Size in Northern America

The North American luggage market rose notably to $X in 2021, increasing by 8.6% against the previous year. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +28.8% against 2015 indices. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Luggage Production in Northern America

In value terms, luggage production declined markedly to $X in 2021 estimated in export price. Over the period under review, production, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of 1,097% against the previous year. The level of production peaked at $X in 2020, and then contracted rapidly in the following year.

Luggage Exports

Exports in Northern America

In 2021, after two years of decline, there was significant growth in overseas shipments of luggage and handbags, when their volume increased by 25% to X tons. Overall, exports, however, recorded a deep setback. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, luggage exports soared to $X in 2021. In general, exports recorded a relatively flat trend pattern. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States represented the key exporter of luggage and handbags in Northern America, with the volume of exports amounting to X tons, which was approx. 86% of total exports in 2021. It was distantly followed by Canada (X tons), creating a 14% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to luggage exports from the United States stood at -7.6%. Canada (-3.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Canada increased by +3.9 percentage points.

In value terms, the United States ($X) remains the largest luggage supplier in Northern America, comprising 85% of total exports. The second position in the ranking was taken by Canada ($X), with a 15% share of total exports.

In the United States, luggage exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, which is down by -4.9% against the previous year. Overall, the export price, however, showed a strong expansion. The growth pace was the most rapid in 2019 when the export price increased by 42% against the previous year. The level of export peaked at $X per ton in 2020, and then fell modestly in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+9.3%).

Luggage Imports

Imports in Northern America

In 2021, supplies from abroad of luggage and handbags was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a relatively flat trend pattern. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, luggage imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The United States was the main importer of luggage and handbags in Northern America, with the volume of imports recording X tons, which was near 89% of total imports in 2021. It was distantly followed by Canada (X tons), achieving an 11% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of luggage and handbags. At the same time, Canada (+1.1%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +1.1% from 2012-2021. Canada (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while the United States saw its share reduced by -1.7% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported luggage and handbags in Northern America, comprising 89% of total imports. The second position in the ranking was taken by Canada ($X), with an 11% share of total imports.

In the United States, luggage imports increased at an average annual rate of +2.4% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, increasing by 4.5% against the previous year. Import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, luggage import price increased by +74.1% against 2017 indices. The most prominent rate of growth was recorded in 2019 an increase of 43% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.4%).

Source: IndexBox Platform

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