Spain: Handbag Market 2025

Handbag Market Size in Spain

The Spanish handbag market soared to $X in 2022, growing by 34% against the previous year. Over the period under review, consumption, however, saw a noticeable reduction. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Handbag Production in Spain

In value terms, handbag production soared to $X in 2022 estimated in export price. Over the period under review, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +22.9% against 2020 indices. Handbag production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Handbag Exports

Exports from Spain

In 2022, the amount of handbags exported from Spain surged to X units, increasing by 22% on the previous year's figure. The total export volume increased at an average annual rate of +4.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, handbag exports skyrocketed to $X in 2022. In general, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.7% 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 +34.2% against 2020 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 29% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Portugal (X units), France (X units) and Italy (X units) were the main destinations of handbag exports from Spain, together accounting for 50% of total exports. Turkey, Poland, Germany, Hungary, Greece, the Netherlands, the UK, Belgium and the United Arab Emirates lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +13.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for handbags exports from Spain, comprising 21% of total exports. The second position in the ranking was taken by Italy ($X), with a 7.3% share of total exports. It was followed by Germany, with a 5.2% share.

From 2012 to 2022, the average annual growth rate of value to France stood at +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+7.0% per year) and Germany (+10.3% per year).

Export Prices by Country

The average handbag export price stood at $X per unit in 2022, falling by -5.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The growth pace was the most rapid in 2020 when the average export price increased by 11%. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then reduced 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 the United Arab Emirates ($X per unit), while the average price for exports to Hungary ($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 the United Arab Emirates (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Handbag Imports

Imports into Spain

In 2022, the amount of handbags imported into Spain surged to X units, jumping by 32% compared with 2021 figures. In general, imports, however, showed a slight decline. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, handbag imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), India (X units) and Myanmar (X units) were the main suppliers of handbag imports to Spain, together accounting for 84% of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +260.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of handbags to Spain, comprising 33% of total imports. The second position in the ranking was held by Italy ($X), with a 16% share of total imports. It was followed by India, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+9.1% per year) and India (+3.4% per year).

Import Prices by Country

In 2022, the average handbag import price amounted to $X per unit, waning by -1.6% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, handbag import price increased by +63.1% against 2012 indices. The most prominent rate of growth was recorded in 2015 an increase of 8.8%. The import price peaked at $X per unit in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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