Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in the UK - 2024
Contents:
- Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in the UK (CIF) - 2024
- Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in the UK (FOB) - 2022
- Imports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in the UK
- Exports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in the UK
Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in the UK (CIF) - 2024
The average import price for handbags with outer surface of leather, composition leather, or patent leathers stood at $107 per unit in December 2023, picking up by 18% against the previous month. Over the last eleven-month period, it increased at an average monthly rate of +1.8%. The pace of growth appeared the most rapid in July 2023 an increase of 25% against the previous month. The import price peaked in December 2023.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Italy ($440 per unit), while the price for China ($18.7 per unit) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Italy (+4.6%), 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 the UK (FOB) - 2022
In 2022, the average export price for handbags with outer surface of leather, composition leather, or patent leathers amounted to $389 per unit, approximately equating the previous year. Overall, the export price continues to indicate strong growth. The growth pace was the most rapid in 2019 an increase of 68% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($1,421 per unit), while the average price for exports to Germany ($104 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 Hong Kong SAR (+16.1%), 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 the UK
In 2022, the amount of handbags with outer surface of leather, composition leather, or patent leathers imported into the UK soared to 10M units, picking up by 61% compared with the year before. Overall, total imports indicated a pronounced increase from 2019 to 2022: its volume increased at an average annual rate of +2.9% 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 +63.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of handbags with outer surface of leather, composition leather, or patent leathers surged to $747M in 2022. Over the period under review, imports, however, saw a noticeable contraction. Imports peaked at $805M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 227 | 229 | 284 | 364 | 17.0% |
| France | 300 | 164 | 165 | 134 | -23.6% |
| India | 61.9 | 38.5 | 46.0 | 60.0 | -1.0% |
| China | 38.3 | 23.4 | 25.1 | 56.9 | 14.1% |
| Spain | 28.7 | 22.7 | 23.3 | 34.4 | 6.2% |
| Turkey | 11.1 | 8.9 | 16.9 | 22.9 | 27.3% |
| Vietnam | 7.4 | 5.1 | 3.4 | 22.7 | 45.3% |
| Netherlands | 74.6 | 52.3 | 24.4 | 4.3 | -61.4% |
| Others | 56.2 | 44.0 | 44.4 | 47.4 | -5.5% |
| Total | 805 | 589 | 633 | 747 | -2.5% |
Top Suppliers of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather to the UK in 2022:
- China (3.6M units)
- India (3.0M units)
- Italy (1.6M units)
- France (0.4M units)
- Vietnam (0.4M units)
- Spain (0.3M units)
- Turkey (0.2M units)
Exports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in the UK
For the third consecutive year, the UK recorded decline in overseas shipments of handbags with outer surface of leather, composition leather, or patent leathers, which decreased by -10.9% to 901K units in 2022. In general, exports faced a precipitous curtailment. Over the period under review, the exports of hit record highs at 1.9M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of handbags with outer surface of leather, composition leather, or patent leathers contracted to $351M in 2022. The total export value increased at an average annual rate of +4.5% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 27% against the previous year. As a result, the exports attained the peak of $389M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 33.9 | 69.5 | 77.2 | 75.4 | 30.5% |
| Macao SAR | 12.1 | 23.6 | 39.2 | 52.5 | 63.1% |
| South Korea | 47.8 | 78.1 | 62.3 | 41.2 | -4.8% |
| United States | 22.6 | 26.0 | 23.6 | 29.7 | 9.5% |
| Italy | 30.9 | 35.9 | 22.8 | 20.7 | -12.5% |
| France | 28.3 | 18.1 | 24.6 | 14.8 | -19.4% |
| Netherlands | 7.6 | 8.6 | 11.6 | 11.2 | 13.8% |
| Ireland | 14.1 | 12.3 | 7.6 | 10.0 | -10.8% |
| Switzerland | 7.1 | 7.1 | 8.1 | 9.0 | 8.2% |
| China | 5.3 | 5.8 | 9.3 | 7.1 | 10.2% |
| Germany | 21.0 | 20.0 | 12.9 | 7.0 | -30.7% |
| Australia | 7.2 | 6.8 | 6.5 | 5.3 | -9.7% |
| Japan | 5.9 | 6.1 | 6.0 | 4.8 | -6.6% |
| Others | 63.6 | 71.1 | 76.3 | 61.9 | -0.9% |
| Total | 307 | 389 | 388 | 351 | 4.6% |
Top Export Markets for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather from the UK in 2022:
- Ireland (95.5K units)
- Italy (90.4K units)
- Netherlands (86.8K units)
- South Korea (82.6K units)
- Germany (67.5K units)
- United States (61.6K units)
- Macao SAR (53.1K units)
- Hong Kong SAR (53.0K units)
- France (49.2K units)
- China (20.8K units)
- Japan (16.4K units)
- Switzerland (14.6K units)
- Australia (14.5K units)
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