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Vietnam - Luggage and Handbags - Market Analysis, Forecast, Size, Trends and Insights
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View PricingVietnam: Luggage Market 2024
Luggage Market Size in Vietnam
The Vietnamese luggage market surged to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt curtailment. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.
Luggage Production in Vietnam
In value terms, luggage production fell slightly to $X in 2023 estimated in export price. In general, production, however, showed a mild descent. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2016 to 2023, production growth failed to regain momentum.
Luggage Exports
Exports from Vietnam
In 2023, after two years of growth, there was significant decline in overseas shipments of luggage and handbags, when their volume decreased by X% to X units. Overall, exports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2022, and then declined notably in the following year.
In value terms, luggage exports shrank to $X in 2023. Over the period under review, exports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2023, the exports failed to regain momentum.
Exports by Country
The United States (X units), China (X units) and Italy (X units) were the main destinations of luggage exports from Vietnam, together comprising X% of total exports. Spain, Switzerland, Canada, Japan, South Korea, Hong Kong SAR, the UK, Germany, the Netherlands and France lagged somewhat behind, together accounting for a further X%.
From 2012 to 2023, the biggest increases were recorded for Switzerland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for luggage exported from Vietnam were the United States ($X), China ($X) and Japan ($X), together accounting for X% of total exports.
Among the main countries of destination, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2023, the average luggage export price amounted to $X per unit, rising by X% against the previous year. Overall, the export price, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2023, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Switzerland ($X per unit) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.
Luggage Imports
Imports into Vietnam
In 2023, after two years of growth, there was significant decline in overseas purchases of luggage and handbags, when their volume decreased by X% to X units. Over the period under review, imports, however, showed a significant expansion. The growth pace was the most rapid in 2015 with an increase of X%. Imports peaked at X units in 2022, and then declined markedly in the following year.
In value terms, luggage imports reduced rapidly to $X in 2023. In general, imports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2022, and then shrank sharply in the following year.
Imports by Country
In 2023, China (X units) was the main luggage supplier to Vietnam, accounting for a X% share of total imports. It was followed by the United Arab Emirates (X units), with a X% share of total imports.
From 2012 to 2023, the average annual rate of growth in terms of volume from China totaled X%.
In value terms, China ($X) constituted the largest supplier of luggage and handbags to Vietnam, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports.
From 2012 to 2023, the average annual rate of growth in terms of value from China amounted to X%.
Import Prices by Country
In 2023, the average luggage import price amounted to $X per unit, picking up by X% against the previous year. Overall, the import price, however, recorded a abrupt downturn. The growth pace was the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was China ($X per unit), while the price for the United Arab Emirates amounted to $X per unit.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%).
Source: IndexBox Platform
This report provides an in-depth analysis of the luggage market in Vietnam. 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 15121210 - Trunks, suitcases, vanity cases, briefcases, school satchels and similar containers of leather, composition leather, patent leather, plastics, textile materials, aluminium or other materials
- Prodcom 15121220 - Handbags of leather, composition leather, patent leather, p lastic sheeting, textile materials or other materials (including those without a handle)
- Prodcom 15121270 - Travel sets for personal toilet, sewing, or shoe or clothes cleaning (excluding manicure sets)
Country coverage:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- 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
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