Ukraine: Luggage Market 2024

Luggage Market Size in Ukraine

The Ukrainian luggage market soared to $X in 2021, with an increase of 37% against the previous year. Over the period under review, consumption, however, recorded a abrupt contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Luggage Production in Ukraine

In value terms, luggage production contracted to $X in 2021 estimated in export price. In general, production, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 107%. Luggage production peaked at $X in 2020, and then declined in the following year.

Luggage Exports

Exports from Ukraine

In 2021, approx. X tons of luggage and handbags were exported from Ukraine; growing by 28% compared with the year before. Over the period under review, exports continue to indicate a notable increase. The pace of growth appeared the most rapid in 2013 with an increase of 225%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, luggage exports skyrocketed to $X in 2021. In general, total exports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -15.1% against 2017 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 96% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Moldova (X tons), Germany (X tons) and Georgia (X tons) were the main destinations of luggage exports from Ukraine, together accounting for 61% of total exports. These countries were followed by Poland, Italy, Russia, Pakistan, the Netherlands and Hungary, which together accounted for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Pakistan (with a CAGR of +222.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for luggage and handbags exports from Ukraine, comprising 33% of total exports. The second position in the ranking was held by Italy ($X), with a 9.4% share of total exports. It was followed by Moldova, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-11.0% per year) and Moldova (+22.8% per year).

Export Prices by Country

The average luggage export price stood at $X per ton in 2021, rising by 6.2% against the previous year. In general, the export price, however, saw a perceptible decline. The pace of growth was the most pronounced in 2014 an increase of 122%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Pakistan ($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 Pakistan (+178.1%), while the prices for the other major destinations experienced more modest paces of growth.

Luggage Imports

Imports into Ukraine

Luggage imports into Ukraine skyrocketed to X tons in 2021, with an increase of 28% on the previous year. Overall, imports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 47% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, luggage imports soared to $X in 2021. In general, imports, however, recorded a pronounced descent. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest luggage supplier to Ukraine, with a 85% share of total imports. Moreover, luggage imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+11.0% per year) and Poland (+5.2% per year).

In value terms, China ($X) constituted the largest supplier of luggage and handbags to Ukraine, comprising 62% of total imports. The second position in the ranking was taken by Turkey ($X), with a 5.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+0.9% per year) and Poland (+8.2% per year).

Import Prices by Country

The average luggage import price stood at $X per ton in 2021, picking up by 11% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.2%. The most prominent rate of growth was recorded in 2014 an increase of 31%. The import price peaked in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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