Latest Report Update: Feb 23, 2019

Asia - Handbags - Market Analysis, Forecast, Size, Trends And Insights

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service and Privacy Policy. We'll occasionally send you account related emails.

Article Publishing Date: Jun 20, 2019

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 $17.6B in 2017, going down by -4% 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 +5.2% 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 -14.1% against 2014 indices. The growth pace was the most rapid in 2010, with an increase of 39% y-o-y. The level of handbag consumption peaked at $20.4B in 2014; however, from 2015 to 2017, consumption stood at a somewhat lower figure.

Production in Asia


In 2017, approx. 4.2B units of handbags were produced in Asia; jumping by 2.1% against the previous year. The total output volume increased at an average annual rate of +2.7% 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 2.3B units, going up by 6.4% against the previous year. The handbag exports continue to indicate a relatively flat trend pattern.

In value terms, handbag exports stood at $9.7B (IndexBox estimates) in 2017. The total export value increased at an average annual rate of +3.3% 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 $10.1B in 2014; however, from 2015 to 2017, exports stood at a somewhat lower figure.

Exports by Country


China dominates handbag exports structure, recording 1.9B units, which was approx. 84% of total exports in 2017. It was distantly followed by China, Hong Kong SAR (152M units), achieving 6.7% share of total exports. The following exporters - India (80M units) and Viet Nam (40M units) together made up 5.3% of total exports.

China experienced a relatively flat trend pattern of handbags exports. At the same time, Viet Nam (+14.7%) and India (+7.1%) displayed positive paces of growth. Moreover, Viet Nam emerged as the fastest growing exporter in Asia, with a CAGR of +14.7% from 2007-2017. By contrast, China, Hong Kong SAR (-1.3%) illustrated a downward trend over the same period. India (-1.8%) and China (-3.6%) 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 ($6.9B) remains the largest handbag supplier in Asia, comprising 71% of global exports. The second position in the ranking was occupied by India ($711M), with a 7.3% share of global exports. It was followed by Viet Nam, with a 6.2% share.

Export Prices by Country


In 2017, the handbag export price in Asia amounted to $4.3 per unit, dropping by -2.4% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +2.5%.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Viet Nam ($15 per unit), while China, Hong Kong SAR ($803 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 Viet Nam (+18.2% 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 774M units, going up by 3.1% against the previous year. The total imports indicated a strong increase from 2007 to 2017: its volume increased at an average annual rate of +4.5% 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 +20.3% against 2014 indices.

In value terms, handbag imports stood at $8.4B (IndexBox estimates) in 2017. The total imports indicated a strong expansion from 2007 to 2017: its value increased at an average annual rate of +4.5% 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 +11.0% 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 (109M units), China (89M units), South Korea (82M units), India (77M units), the Philippines (53M units), Japan (44M units), Thailand (40M units), Singapore (38M units), the United Arab Emirates (34M units), Malaysia (30M units), Saudi Arabia (26M units) and Taiwan, Chinese (25M units), together resulting at 83% 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 (+35.5% per year), while the other leaders experienced more modest paces of growth.

In value terms, China, Hong Kong SAR ($1.8B), China ($1.2B) and South Korea ($1B) were the countries with the highest levels of imports in 2017, with a combined 48% 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 39%.

Import Prices by Country


In 2017, the handbag import price in Asia amounted to $11 per unit, surging by 3.9% against the previous year. The import price indicated a significant expansion from 2007 to 2017: its price increased at an average annual rate of +3.8% 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 -15.0% 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 ($24 per unit), while the Philippines ($864 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 (+12.6% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 15121220 - Handbags of leather, composition leather, patent leather, p lastic sheeting, textile materials or other materials (including those without a handle)

This report provides an in-depth analysis of the handbag market in Asia. 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 2025.


Country coverage:
• Taiwan, Chinese

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia, split by region and country
• Trade (exports and imports) in Asia
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2025
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption In 2007-2018
Table 5:
Imports, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Value Terms, By Country, 2007–2018
Table 7:
Import Prices, By Country Of Origin, 2007–2018
Table 8:
Exports, In Physical Terms, By Country, 2007–2018
Table 9:
Exports, In Value Terms, By Country, 2007–2018
Table 10:
Export Prices, By Country Of Destination, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2018
Figure 5:
Trade Balance, In Physical Terms, 2007-2018
Figure 6:
Trade Balance, In Value Terms, 2007-2018
Figure 7:
Per Capita Consumption, 2007-2018
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2018
Figure 21:
Production, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, 2007–2018
Figure 23:
Imports, In Value Terms, 2007–2018
Figure 24:
Imports, In Physical Terms, By Country, 2018
Figure 25:
Imports, In Physical Terms, By Country, 2007–2018
Figure 26:
Imports, In Value Terms, By Country, 2007–2018
Figure 27:
Import Prices, By Country Of Origin, 2007–2018
Figure 28:
Exports, In Physical Terms, 2007–2018
Figure 29:
Exports, In Value Terms, 2007–2018
Figure 30:
Exports, In Physical Terms, By Country, 2018
Figure 31:
Exports, In Physical Terms, By Country, 2007–2018
Figure 32:
Exports, In Value Terms, By Country, 2007–2018
Figure 33:
Export Prices, By Country Of Destination, 2007–2018
Ready to Get Started?

We can help you conduct market research and write a report using the most reliable data

Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data