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World - Travel Sets - Market Analysis, Forecast, Size, Trends And Insights
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The global travel set market is projected to see continued growth in both volume and value over the next eight years. Consumption, production, imports, and exports all show positive trends, with key countries like China, the United States, and the United Arab Emirates leading the way. From 2012 to 2022, the market saw strong increases in both consumption and production, with imports and exports also on the rise. Turkey emerged as one of the fastest-growing importers and exporters of travel sets, while Cambodia showed significant growth in export value. Overall, the travel set market is set to see gradual growth in the near future.
Market Forecast
Driven by increasing demand for travel sets worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.6% for the period from 2022 to 2030, which is projected to bring the market volume to 1.5B units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +2.3% for the period from 2022 to 2030, which is projected to bring the market value to $8.4B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Travel Sets
In 2022, the amount of travel sets consumed worldwide surged to 1.3B units, increasing by 18% compared with 2021. In general, consumption enjoyed a strong increase. As a result, consumption attained the peak volume of 1.6B units. From 2021 to 2022, the growth of the global consumption remained at a lower figure.
The global travel set market size skyrocketed to $7B in 2022, increasing by 49% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a strong increase. Over the period under review, the global market attained the maximum level in 2022 and is likely to see gradual growth in the near future.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were the United States (74M units), China (64M units) and the United Arab Emirates (53M units), together comprising 14% of global consumption. Pakistan, India, Japan, Nigeria, Germany, Bangladesh, the UK, Indonesia, Russia and Brazil lagged somewhat behind, together comprising a further 31%.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Japan (with a CAGR of +24.3%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, Bangladesh ($676M) led the market, alone. The second position in the ranking was taken by Japan ($261M). It was followed by the United States.
From 2012 to 2022, the average annual rate of growth in terms of value in Bangladesh stood at +14.1%. In the other countries, the average annual rates were as follows: Japan (+36.1% per year) and the United States (+26.0% per year).
In 2022, the highest levels of travel set per capita consumption was registered in the United Arab Emirates (5,251 units per 1000 persons), followed by the UK (566 units per 1000 persons), Germany (496 units per 1000 persons) and Japan (380 units per 1000 persons), while the world average per capita consumption of travel set was estimated at 167 units per 1000 persons.
In the United Arab Emirates, travel set per capita consumption increased at an average annual rate of +20.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the UK (-1.2% per year) and Germany (+7.2% per year).
Production
World Production of Travel Sets
In 2022, global travel set production surged to 1.6B units, increasing by 25% on the previous year's figure. In general, production continues to indicate a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 89%. As a result, production reached the peak volume of 1.7B units. From 2021 to 2022, global production growth remained at a lower figure.
In value terms, travel set production soared to $6.3B in 2022 estimated in export price. Overall, production continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by 1,590%. As a result, production reached the peak level of $22.1B. From 2014 to 2022, global production growth remained at a somewhat lower figure.
Production By Country
China (409M units) remains the largest travel set producing country worldwide, comprising approx. 26% of total volume. Moreover, travel set production in China exceeded the figures recorded by the second-largest producer, the United Arab Emirates (103M units), fourfold. The third position in this ranking was taken by Pakistan (51M units), with a 3.2% share.
From 2012 to 2022, the average annual rate of growth in terms of volume in China was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: the United Arab Emirates (0.0% per year) and Pakistan (+17.5% per year).
Imports
World Imports of Travel Sets
In 2022, supplies from abroad of travel sets was finally on the rise to reach 292M units after three years of decline. Overall, imports, however, recorded a relatively flat trend pattern. Global imports peaked at 350M units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.
In value terms, travel set imports soared to $303M in 2022. The total import value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Imports By Country
In 2022, the United Arab Emirates (72M units), distantly followed by the United States (37M units), Turkey (19M units) and the UK (18M units) represented the major importers of travel sets, together making up 50% of total imports. The following importers - Qatar (11M units), Canada (11M units), Russia (9.9M units), Australia (7.5M units), the Philippines (6.1M units), Taiwan (Chinese) (5.6M units) and Brazil (5.1M units) - together made up 19% of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Turkey (with a CAGR of +49.3%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, the United Arab Emirates ($50M), the United States ($38M) and the UK ($24M) appeared to be the countries with the highest levels of imports in 2022, with a combined 37% share of global imports. Turkey, Qatar, Canada, Australia, the Philippines, Russia, Taiwan (Chinese) and Brazil lagged somewhat behind, together comprising a further 23%.
Turkey, with a CAGR of +47.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average travel set import price stood at $1 per unit in 2022, with a decrease of -5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2019 an increase of 38%. Global import price peaked at $1.1 per unit in 2021, and then contracted in the following year.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($1.7 per unit), while Brazil ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+7.7%), while the other global leaders experienced mixed trends in the import price figures.
Exports
World Exports of Travel Sets
In 2022, shipments abroad of travel sets increased by 67% to 544M units, rising for the second year in a row after two years of decline. Over the period under review, total exports indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of +1.6% 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 +90.6% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, travel set exports soared to $418M in 2022. Overall, total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 +68.1% against 2020 indices. Over the period under review, the global exports reached the maximum at $426M in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.
Exports By Country
In 2022, China (348M units) was the major exporter of travel sets, mixing up 64% of total exports. It was distantly followed by the United Arab Emirates (122M units), creating a 22% share of total exports. The following exporters - Turkey (24M units) and Cambodia (17M units) - together made up 7.5% of total exports.
China experienced a relatively flat trend pattern with regard to volume of exports of travel sets. At the same time, Cambodia (+106.0%), the United Arab Emirates (+84.1%) and Turkey (+62.2%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in the world, with a CAGR of +106.0% from 2012-2022. While the share of the United Arab Emirates (+22 p.p.), Turkey (+4.4 p.p.) and Cambodia (+3 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of China (-9.8 p.p.) displayed negative dynamics.
In value terms, China ($200M) remains the largest travel set supplier worldwide, comprising 48% of global exports. The second position in the ranking was taken by the United Arab Emirates ($75M), with an 18% share of global exports. It was followed by Cambodia, with a 5.8% share.
From 2012 to 2022, the average annual growth rate of value in China was relatively modest. In the other countries, the average annual rates were as follows: the United Arab Emirates (+61.1% per year) and Cambodia (+82.0% per year).
Export Prices By Country
In 2022, the average travel set export price amounted to $0.8 per unit, falling by -5.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2020 an increase of 21% against the previous year. As a result, the export price reached the peak level of $0.9 per unit. From 2021 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($1.5 per unit), while China ($0.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+0.3%), while the other global leaders experienced a decline in the export price figures.
This report provides an in-depth analysis of the global travel set market. 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 15121270 - Travel sets for personal toilet, sewing, or shoe or clothes cleaning (excluding manicure sets)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- 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
- CONSUMPTION BY COUNTRY
- 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. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- 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 -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 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
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 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, 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, 2012–2023
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