Handbag Market in Asia - Key Insights

IndexBox has just published a new report, the Asia - Handbags - Market Analysis, Forecast, Size, Trends And Insights. Here is a summary of the report's key findings.

The revenue of the handbag market in Asia amounted to $X in 2017, going down by -X% 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). The total market indicated a prominent increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2017 figures, the handbag consumption decreased by -X% against 2014 indices. The growth pace was the most rapid in 2010, with an increase of X% y-o-y. The level of handbag consumption peaked at $X in 2014; however, from 2015 to 2017, consumption stood at a somewhat lower figure.

Production in Asia

In 2017, approx. X units of handbags were produced in Asia; jumping by X% against the previous year. The total output volume increased at an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.

Handbag Exports

Exports in Asia

In 2017, the amount of handbags exported in Asia stood at X units, going up by X% against the previous year. The handbag exports continue to indicate a relatively flat trend pattern.

In value terms, handbag exports stood at $X (IndexBox estimates) in 2017. The total export value increased at an average annual rate of +X% from 2007 to 2017; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. Over the period under review, handbag exports reached their peak figure at $X in 2014; however, from 2015 to 2017, exports stood at a somewhat lower figure.

Exports by Country

China dominates handbag exports structure, recording X units, which was approx. X% of total exports in 2017. It was distantly followed by China, Hong Kong SAR (X units), achieving X% share of total exports. The following exporters - India (X units) and Vietnam (X units) together made up X% of total exports.

China experienced a relatively flat trend pattern of handbags exports. At the same time, Vietnam (+X%) and India (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest growing exporter in Asia, with a CAGR of +X% from 2007-2017. By contrast, China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. India (-X%) and China (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest handbag supplier in Asia, comprising X% of global exports. The second position in the ranking was occupied by India ($X), with a X% share of global exports. It was followed by Vietnam, with a X% share.

Export Prices by Country

In 2017, the handbag export price in Asia amounted to $X per unit, dropping by -X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Vietnam ($X per unit), while China, Hong Kong SAR ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Vietnam (+X% per year), while the other leaders experienced more modest paces of growth.

Handbag Imports

Imports in Asia

In 2017, handbag imports in Asia stood at X units, going up by X% against the previous year. The total imports indicated a strong increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2017 figures, the handbag imports increased by +X% against 2014 indices.

In value terms, handbag imports stood at $X (IndexBox estimates) in 2017. The total imports indicated a strong expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2017 figures, the handbag imports increased by +X% against 2015 indices. Over the period under review, handbag imports reached their peak figure in 2017, and are expected to retain its growth in the immediate term.

Imports by Country

The countries with the highest levels of handbag imports in 2017 were China, Hong Kong SAR (X units), China (X units), South Korea (X units), India (X units), the Philippines (X units), Japan (X units), Thailand (X units), Singapore (X units), the United Arab Emirates (X units), Malaysia (X units), Saudi Arabia (X units) and Taiwan, Chinese (X units), together resulting at X% of total import.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, China, Hong Kong SAR ($X), China ($X) and South Korea ($X) were the countries with the highest levels of imports in 2017, with a combined X% share of total imports. Singapore, Japan, the United Arab Emirates, Taiwan, Chinese, Thailand, Malaysia, Saudi Arabia, India and the Philippines lagged somewhat behind, together accounting for a further X%.

Import Prices by Country

In 2017, the handbag import price in Asia amounted to $X per unit, surging by X% against the previous year. The import price indicated a significant expansion from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2017 figures, the handbag import price decreased by -X% against 2014 indices.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Singapore ($X per unit), while the Philippines ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by South Korea (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform