U.S. - Handbags - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHandbag Price in America Drops 13% to $15 per unit
U.S. Handbag Import Price July 2022
The average handbag import price stood at $15 per unit in July 2022, with a decrease of -12.6% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in April 2022 an increase of 25% m-o-m. Over the period under review, average import prices attained the maximum at $17 per unit in June 2022, and then reduced in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($312 per unit), while the price for Myanmar ($1.2 per unit) was amongst the lowest.
From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.
U.S. Handbag Import Prices by Type
Prices varied noticeably by the product type; the product with the highest price was handbags with outer surface of leather, composition leather, or patent leather ($91 per unit), while the price for handbags with outer surface of plastic sheeting or of textile materials ($6.7 per unit) was amongst the lowest.
From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by handbags with outer surface of vulcanised fibre or of paperboard (+9.3%), while the prices for the other products experienced mixed trend patterns.
U.S. Handbag Imports
In July 2022, approximately 27M units of handbags were imported into the United States; picking up by 23% on the previous month's figure. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 when imports increased by 37% m-o-m. As a result, imports reached the peak of 34M units. From April 2022 to July 2022, the growth of imports remained at a somewhat lower figure.
In value terms, handbag imports expanded remarkably to $411M (IndexBox estimates) in July 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 with an increase of 33% m-o-m. As a result, imports reached the peak of $464M. From April 2022 to July 2022, the growth of imports remained at a lower figure.
U.S. Handbag Imports by Type
In July 2022, handbags with outer surface of plastic sheeting or of textile materials (24M units) constituted the largest type of handbag supplied to the United States, with a 88% share of total imports. Moreover, handbags with outer surface of plastic sheeting or of textile materials exceeded the figures recorded for the second-largest type, handbags with outer surface of leather, composition leather, or patent leather (2.7M units), ninefold.
From January 2022 to July 2022, the average monthly rate of growth in terms of the volume of import of handbags with outer surface of plastic sheeting or of textile materials was relatively modest. With regard to the other supplied products, the following average monthly rates of growth were recorded: handbags with outer surface of leather, composition leather, or patent leather (+0.1% per month) and handbags with outer surface of vulcanised fibre or of paperboard (-6.4% per month).
In value terms, the most traded types of handbags in the United States were handbags with outer surface of leather, composition leather, or patent leather ($250M), handbags with outer surface of plastic sheeting or of textile materials ($158M) and handbags with outer surface of vulcanised fibre or of paperboard ($2.7M).
U.S. Handbag Imports by Country
Vietnam (8.4M units), China (7.7M units) and Cambodia (4.2M units) were the main suppliers of handbag imports to the United States, with a combined 75% share of total imports.
From January 2022 to July 2022, the biggest increases were in Vietnam (with a CAGR of +11.9%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Italy ($140M) constituted the largest supplier of handbag to the United States, comprising 34% of total imports. The second position in the ranking was taken by Cambodia ($54M), with a 13% share of total imports. It was followed by China, with a 10% share.
From January 2022 to July 2022, the average monthly growth rate of value from Italy was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Cambodia (-1.8% per month) and China (-2.4% per month).
This report provides an in-depth analysis of the handbag market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
