Report Update: May 1, 2024

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

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Handbag Price in Australia - 2023

Handbag Price in Australia (CIF) - 2023

The average handbag import price stood at $15.9 per unit in September 2023, with a decrease of -22.9% against the previous month. Overall, the import price continues to indicate a noticeable curtailment. The growth pace was the most rapid in February 2023 an increase of 42% against the previous month. The import price peaked at $35.3 per unit in May 2023; however, from June 2023 to September 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Bangladesh ($14.3 per unit), while the price for Vietnam ($4.1 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+0.0%), while the prices for the other major suppliers experienced a decline.

Handbag Price in Australia (FOB) - 2022

The average handbag export price stood at $57 per unit in 2022, with an increase of 5.1% against the previous year. In general, the export price posted prominent growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 82%. As a result, the export price reached the peak level of $69 per unit. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($411 per unit), while the average price for exports to Fiji ($11 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Handbag Imports in Australia

In 2022, approx. 24M units of handbags were imported into Australia; picking up by 20% compared with the previous year's figure. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +8.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 41%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, handbag imports skyrocketed to $679M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +9.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 24%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Import of Handbag in Australia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	191	173	198	238	7.6%
China	96.5	62.1	85.3	120	7.5%
India	18.8	14.1	21.0	27.0	12.8%
Vietnam	13.7	16.9	16.9	20.9	15.1%
Cambodia	4.6	5.3	12.8	13.8	44.2%
Bangladesh	9.0	5.6	5.6	7.6	-5.5%
Myanmar	0.6	1.5	1.6	5.3	106.7%
Others	178	164	207	245	11.2%
Total	512	442	549	679	9.9%

Top Suppliers of Handbag to Australia in 2022:

China (18.2M units)
India (2.5M units)
Vietnam (0.7M units)
Myanmar (0.6M units)
Italy (0.4M units)
Bangladesh (0.4M units)
Cambodia (0.4M units)

Handbag Exports in Australia

In 2022, approx. 691K units of handbags were exported from Australia; jumping by 21% compared with the previous year's figure. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +18.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +86.3% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 54%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, handbag exports surged to $39M in 2022. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 62%. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Handbag in Australia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	5.1	6.0	8.2	11.0	29.2%
New Zealand	3.5	2.7	5.1	7.6	29.5%
Hong Kong SAR	2.4	4.4	4.4	4.6	24.2%
Italy	0.3	3.9	3.5	3.7	131.0%
United States	0.5	1.1	1.2	1.7	50.4%
Japan	0.4	0.8	0.7	1.1	40.1%
Thailand	N/A	0.7	0.4	1.1	25.4%
Netherlands	0.1	N/A	0.6	0.7	91.3%
United Kingdom	0.6	0.7	1.1	0.7	5.3%
Papua New Guinea	0.3	0.1	0.2	0.3	0.0%
China	0.7	2.5	1.2	0.3	-24.6%
Fiji	0.2	0.1	0.2	0.3	14.5%
Others	1.6	2.5	3.9	6.1	56.2%
Total	15.8	25.5	30.8	39.2	35.4%

Top Export Markets for Handbag from Australia in 2022:

New Zealand (420.7K units)
United States (54.0K units)
Fiji (28.1K units)
Papua New Guinea (27.6K units)
Singapore (26.7K units)
Hong Kong SAR (21.4K units)
Thailand (13.7K units)
Italy (12.5K units)
Japan (11.5K units)
Netherlands (11.2K units)
United Kingdom (9.9K units)
China (3.0K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the handbag market in Australia. 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:

Australia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Australia
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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023