China - Handbags - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingChina's April 2023 Handbag Export Declines Marginally to $714M
China Handbag Exports
In April 2023, the amount of handbags exported from China dropped to 177M units, falling by -7.1% on the month before. In general, total exports indicated a slight increase from April 2022 to April 2023: its volume increased at an average monthly rate of +1.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2023 figures, exports increased by +123.1% against February 2023 indices. The most prominent rate of growth was recorded in March 2023 with an increase of 140% month-to-month. Over the period under review, the exports hit record highs at 194M units in January 2023; however, from February 2023 to April 2023, the exports remained at a lower figure.
In value terms, handbag exports fell to $714M (IndexBox estimates) in April 2023. Overall, total exports indicated slight growth from April 2022 to April 2023: its value increased at an average monthly rate of +1.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2023 figures, exports increased by +106.5% against February 2023 indices. The most prominent rate of growth was recorded in March 2023 when exports increased by 112% against the previous month. The exports peaked at 776M units in June 2022; however, from July 2022 to April 2023, the exports failed to regain momentum.
| COUNTRY | Export Value of Handbag in China (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | |
| United States | 78.8 | 93.0 | 97.0 | 87.5 | 82.1 | 80.7 | 67.7 | 67.2 | 80.0 | 92.9 | 29.3 | 93.3 | 86.9 |
| Japan | 63.2 | 66.0 | 59.2 | 69.5 | 67.3 | 60.7 | 57.8 | 58.7 | 59.4 | 63.1 | 29.6 | 58.1 | 53.9 |
| Russia | 21.3 | 23.4 | 23.9 | 37.5 | 33.3 | 28.2 | 23.2 | 22.6 | 35.2 | 42.1 | 23.4 | 41.6 | 38.9 |
| South Korea | 27.8 | 28.7 | 27.5 | 34.9 | 30.1 | 28.8 | 28.9 | 27.0 | 28.8 | 26.2 | 21.4 | 40.3 | 35.0 |
| Malaysia | 21.1 | 20.4 | 32.0 | 26.9 | 24.8 | 30.0 | 26.5 | 27.8 | 44.3 | 30.2 | 21.8 | 43.1 | 33.1 |
| Italy | 28.1 | 28.5 | 36.4 | 38.0 | 18.9 | 23.1 | 19.8 | 23.1 | 33.1 | 36.5 | 7.2 | 20.3 | 25.1 |
| United Kingdom | 19.9 | 29.2 | 29.5 | 27.9 | 25.3 | 24.3 | 23.8 | 17.6 | 18.2 | 23.5 | 9.9 | 19.4 | 21.9 |
| Indonesia | 13.7 | 16.5 | 20.7 | 19.9 | 22.0 | 20.2 | 18.2 | 17.8 | 20.5 | 19.0 | 7.3 | 24.3 | 20.0 |
| Philippines | 15.6 | 14.8 | 12.2 | 13.4 | 12.7 | 14.8 | 15.5 | 14.1 | 14.1 | 15.6 | 6.9 | 18.1 | 18.7 |
| Spain | 14.6 | 20.4 | 28.2 | 25.7 | 20.1 | 19.0 | 25.0 | 22.5 | 22.6 | 24.0 | 4.8 | 13.9 | 17.3 |
| Netherlands | 16.9 | 18.8 | 26.4 | 15.5 | 19.7 | 22.2 | 14.8 | 19.6 | 15.9 | 15.4 | 7.2 | 15.1 | 13.5 |
| Mexico | 17.9 | 14.3 | 15.3 | 12.4 | 12.7 | 18.2 | 12.4 | 12.1 | 15.7 | 15.8 | 3.4 | 12.9 | 11.5 |
| Canada | 6.7 | 7.7 | 10.8 | 8.6 | 7.7 | 6.3 | 6.7 | 5.4 | 9.3 | 8.4 | 2.5 | 4.8 | 7.3 |
| Others | 247 | 322 | 357 | 344 | 313 | 317 | 302 | 285 | 333 | 361 | 171 | 328 | 330 |
| Total | 592 | 704 | 776 | 762 | 689 | 693 | 642 | 620 | 730 | 774 | 346 | 733 | 714 |
Exports by Country
The United States (22M units), Japan (18M units) and South Korea (8.9M units) were the main destinations of handbag exports from China, with a combined 28% share of total exports. Spain, Malaysia, Russia, the Netherlands, Mexico, the Philippines, Canada, Indonesia, the UK and Italy lagged somewhat behind, together accounting for a further 31%.
From April 2022 to April 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +6.2%), 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 ($87M), Japan ($54M) and Russia ($39M), with a combined 25% share of total exports.
Russia, with a CAGR of +5.1%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 (168M units) was the largest type of handbag exported from China, accounting for a 95% share of total exports. It was followed by handbags with outer surface of leather, composition leather, or patent leather (5.1M units), with a 2.9% share of total exports.
From April 2022 to April 2023, the average monthly growth rate of the volume of export of handbags with outer surface of plastic sheeting or of textile materials totaled +1.4%. With regard to the other exported products, the following average monthly rates of growth were recorded: handbags with outer surface of leather, composition leather, or patent leather (-4.5% per month) and handbags with outer surface of vulcanised fibre or of paperboard (+7.0% per month).
In value terms, handbags with outer surface of plastic sheeting or of textile materials ($622M) remains the largest type of handbag exported from China, comprising 87% of total exports. The second position in the ranking was held by handbags with outer surface of leather, composition leather, or patent leather ($85M), with a 12% share of total exports.
From April 2022 to April 2023, the average monthly growth rate of the export volume of handbags with outer surface of plastic sheeting or of textile materials amounted to +2.7%. With regard to the other exported products, the following average monthly rates of growth were recorded: handbags with outer surface of leather, composition leather, or patent leather (-3.9% per month) and handbags with outer surface of vulcanised fibre or of paperboard (+2.4% per month).
Export Prices by Country
In April 2023, the handbag price amounted to $4.0 per unit (FOB, China), increasing by 4.8% against the previous month. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 12% m-o-m. The export price peaked at $4.4 per unit in February 2023; however, from March 2023 to April 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Russia ($6.4 per unit), while the average price for exports to Canada ($1.5 per unit) was amongst the lowest.
From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.3%), 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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
-
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
-
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
-
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
-
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
