Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Singapore - 2023
Contents:
- Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Singapore (CIF) - 2022
- Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Singapore (FOB) - 2022
- Imports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Singapore
- Exports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Singapore
Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Singapore (CIF) - 2022
The average import price for handbags with outer surface of leather, composition leather, or patent leathers stood at $286 per unit in 2022, reducing by -7.2% against the previous year. In general, the import price, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 an increase of 68%. As a result, import price attained the peak level of $308 per unit, and then reduced in the following year.
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 France ($1,114 per unit), while the price for China ($17 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Singapore (FOB) - 2022
The average export price for handbags with outer surface of leather, composition leather, or patent leathers stood at $332 per unit in 2022, surging by 47% against the previous year. Overall, the export price showed strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($913 per unit), while the average price for exports to China ($53 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 Malaysia (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Singapore
In 2022, supplies from abroad of handbags with outer surface of leather, composition leather, or patent leathers was finally on the rise to reach 2.9M units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a abrupt decline. Over the period under review, imports of reached the peak figure at 4.9M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of handbags with outer surface of leather, composition leather, or patent leathers soared to $815M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +6.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 406 | 276 | 301 | 409 | 0.2% |
| Italy | 169 | 108 | 158 | 272 | 17.2% |
| Spain | 37.9 | 21.2 | 40.9 | 66.4 | 20.6% |
| China | 32.3 | 14.1 | 11.4 | 19.6 | -15.3% |
| Vietnam | 8.5 | 4.1 | 3.7 | 7.1 | -5.8% |
| United States | 2.1 | 2.5 | 3.5 | 5.0 | 33.5% |
| Cambodia | 1.3 | 1.1 | 2.2 | 4.9 | 55.6% |
| Hong Kong SAR | 2.6 | 1.8 | 2.5 | 4.7 | 21.8% |
| Indonesia | 1.4 | 1.3 | 1.8 | 1.9 | 10.7% |
| Malaysia | 1.7 | 1.5 | 1.5 | 1.3 | -8.6% |
| India | 1.0 | 0.5 | 1.7 | 1.0 | 0.0% |
| Others | 20.2 | 13.6 | 16.4 | 22.9 | 4.3% |
| Total | 684 | 446 | 544 | 815 | 6.0% |
Top Suppliers of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather to Singapore in 2022:
- China (1172.0K units)
- Italy (525.0K units)
- France (367.0K units)
- Hong Kong SAR (151.8K units)
- Vietnam (85.5K units)
- Spain (79.6K units)
- United States (65.8K units)
- Cambodia (62.0K units)
- Indonesia (51.7K units)
- India (51.4K units)
- Malaysia (49.6K units)
Exports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Singapore
In 2022, the amount of handbags with outer surface of leather, composition leather, or patent leathers exported from Singapore surged to 1.4M units, rising by 98% on the year before. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of handbags with outer surface of leather, composition leather, or patent leathers skyrocketed to $478M in 2022. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 13.4 | 11.3 | 13.3 | 141 | 119.1% |
| Indonesia | 23.4 | 25.3 | 38.0 | 68.7 | 43.2% |
| Australia | 13.3 | 11.1 | 11.1 | 59.9 | 65.1% |
| Thailand | 5.6 | 6.7 | 13.0 | 49.8 | 107.2% |
| Malaysia | 13.1 | 9.8 | 16.1 | 45.4 | 51.3% |
| Qatar | 7.4 | 6.5 | 9.9 | 26.7 | 53.4% |
| Philippines | 1.7 | 1.0 | 8.6 | 25.7 | 147.3% |
| Vietnam | 0.9 | 1.0 | 19.6 | 20.0 | 181.1% |
| Hong Kong SAR | 8.3 | 8.3 | 7.8 | 5.9 | -10.8% |
| China | 2.1 | 3.3 | 2.0 | 1.4 | -12.6% |
| United States | 3.0 | 1.0 | 1.9 | 1.1 | -28.4% |
| Others | 16.5 | 19.6 | 23.2 | 32.9 | 25.9% |
| Total | 109 | 105 | 165 | 478 | 63.7% |
Top Export Markets for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather from Singapore in 2022:
- Indonesia (381.4K units)
- Philippines (361.9K units)
- Japan (154.3K units)
- Australia (112.1K units)
- Malaysia (106.0K units)
- Qatar (84.3K units)
- Thailand (64.4K units)
- Vietnam (36.8K units)
- China (27.0K units)
- Hong Kong SAR (26.5K units)
- United States (15.5K units)
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