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China - Handbags - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHandbag Export in China Declines to $7.5 Billion in 2023
China Handbag Exports
In 2023, overseas shipments of handbags increased by 5.3% to 2.1B units, rising for the third year in a row after two years of decline. Over the period under review, exports, however, saw a pronounced contraction. The growth pace was the most rapid in 2016 with an increase of 188% against the previous year. As a result, the exports reached the peak of 6.5B units. From 2017 to 2023, the growth of the exports remained at a lower figure.
In value terms, handbag exports dropped to $7.5B (IndexBox estimates) in 2023. In general, exports, however, showed a mild shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 30% against the previous year. Over the period under review, the exports attained the maximum at $9B in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.
COUNTRY | Export Value of Handbag in China (million USD) | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
United States | 1,924 | 1,860 | 2,090 | 1,606 | 1,584 | 1,418 | 938 | 600 | 903 | 976 | 912 |
Japan | 769 | 728 | 669 | 643 | 636 | 631 | 666 | 660 | 733 | 750 | 571 |
Italy | 242 | 283 | 314 | 283 | 268 | 281 | 264 | 170 | 265 | 322 | 326 |
South Korea | 258 | 353 | 404 | 267 | 256 | 233 | 289 | 256 | 323 | 332 | 326 |
Malaysia | 179 | 183 | 281 | 156 | 231 | 198 | 185 | 136 | 183 | 311 | 304 |
Russia | 369 | 306 | 245 | 124 | 104 | 148 | 131 | 101 | 253 | 301 | 296 |
Hong Kong | 1,124 | 844 | 677 | 652 | 595 | 539 | 392 | 210 | 245 | 183 | 239 |
United Kingdom | 302 | 324 | 394 | 343 | 364 | 270 | 269 | 157 | 232 | 274 | 233 |
Spain | 199 | 241 | 246 | 249 | 240 | 219 | 239 | 169 | 231 | 248 | 229 |
Others | 3,584 | 3,734 | 3,703 | 3,256 | 3,738 | 3,671 | 3,785 | 2,863 | 3,575 | 4,215 | 4,056 |
Total | 8,951 | 8,855 | 9,024 | 7,579 | 8,016 | 7,607 | 7,158 | 5,323 | 6,944 | 7,913 | 7,493 |
Exports by Country
the United States (271M units), Japan (222M units) and South Korea (76M units) were the main destinations of handbag exports from China, with a combined 27% share of total exports. Spain, Russia, Italy, Malaysia, the UK and Hong Kong lagged somewhat behind, together comprising a further 15%.
From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +4.6%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for handbag exported from China were the United States ($912M), Japan ($571M) and South Korea ($326M), with a combined 24% share of total exports. Italy, Malaysia, Russia, Hong Kong, the UK and Spain lagged somewhat behind, together accounting for a further 22%.
In terms of the main countries of destination, Malaysia, with a CAGR of +5.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Exports by Type
Handbags with outer surface of plastic sheeting or of textile materials (2B units) was the largest type of handbags exported from China, accounting for a 96% share of total exports. It was followed by handbags with outer surface of leather, composition leather, or patent leather (54M units), with a 2.7% share of total exports.
From 2013 to 2023, the average annual growth rate of the volume of handbags with outer surface of plastic sheeting or of textile materials exports amounted to -1.9%. With regard to the other exported products, the following average annual rates of growth were recorded: handbags with outer surface of leather, composition leather, or patent leather (-9.9% per year) and handbags with outer surface of vulcanised fibre or of paperboard (+3.6% per year).
In value terms, handbags with outer surface of plastic sheeting or of textile materials ($6.5B) remains the largest type of handbags exported from China, comprising 87% of total exports. The second position in the ranking was taken by handbags with outer surface of leather, composition leather, or patent leather ($882M), with a 12% share of total exports.
From 2013 to 2023, the average annual rate of growth in terms of the value of handbags with outer surface of plastic sheeting or of textile materials exports was relatively modest. With regard to the other exported products, the following average annual rates of growth were recorded: handbags with outer surface of leather, composition leather, or patent leather (-8.9% per year) and handbags with outer surface of vulcanised fibre or of paperboard (+7.2% per year).
Export Prices by Country
In 2023, the handbag price amounted to $3.6 per unit (FOB, China), falling by -10.1% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 198% against the previous year. Over the period under review, the average export prices attained the maximum at $4 per unit in 2022, and then dropped in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($5.8 per unit), while the average price for exports to Canada ($1.7 per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the handbag market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 15121220 - Handbags of leather, composition leather, patent leather, p lastic sheeting, textile materials or other materials (including those without a handle)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023