Report Update: May 1, 2024

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

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Handbag Price in Italy - 2023

Handbag Price in Italy (FOB) - 2022

The average handbag export price stood at $169 per unit in 2022, rising by 13% against the previous year. Over the last decade, it increased at an average annual rate of +3.8%. The growth pace was the most rapid in 2020 an increase of 27%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($520 per unit), while the average price for exports to Greece ($22 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 (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Handbag Price in Italy (CIF) - 2023

The average handbag import price stood at $36.3 per unit in August 2023, with an increase of 9.1% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.9%. The pace of growth was the most pronounced in June 2023 when the average import price increased by 22% against the previous month. As a result, import price reached the peak level of $50.3 per unit. From July 2023 to August 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($431 per unit), while the price for India ($8.4 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Greece (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Handbag Exports in Italy

Handbag exports from Italy declined to 47M units in 2022, dropping by -7.1% against the previous year. In general, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. The exports peaked at 58M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, handbag exports expanded significantly to $7.9B in 2022. The total export value increased at an average annual rate of +3.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 29% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Handbag in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Switzerland	2,495	1,884	2,210	1,714	-11.8%
France	793	761	1,008	1,244	16.2%
United States	470	333	612	863	22.5%
South Korea	411	432	559	662	17.2%
China	362	412	552	583	17.2%
Japan	357	302	377	458	8.7%
Germany	263	237	324	357	10.7%
United Kingdom	332	263	201	248	-9.3%
Spain	119	73.7	105	124	1.4%
United Arab Emirates	174	146	261	111	-13.9%
Poland	37.2	46.6	83.4	82.8	30.6%
Russia	74.1	61.6	90.8	63.5	-5.0%
Greece	24.7	16.9	26.4	29.0	5.5%
Others	1,262	883	1,122	1,398	3.5%
Total	7,174	5,851	7,532	7,939	3.4%

Top Export Markets for Handbag from Italy in 2022:

France (7.1M units)
Switzerland (6.3M units)
Germany (5.4M units)
United States (3.4M units)
Spain (2.6M units)
Poland (2.0M units)
United Kingdom (1.7M units)
Japan (1.7M units)
Russia (1.6M units)
Greece (1.3M units)
South Korea (1.3M units)
China (1.2M units)
United Arab Emirates (0.9M units)

Handbag Imports in Italy

In 2022, approx. 159M units of handbags were imported into Italy; increasing by 59% compared with 2021. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +10.7% 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 +85.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, handbag imports skyrocketed to $2.1B in 2022. The total import value increased at an average annual rate of +5.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Handbag in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	548	510	559	747	10.9%
China	386	258	352	465	6.4%
Spain	56.6	75.3	81.4	129	31.6%
Myanmar	13.1	14.7	35.1	82.8	84.9%
Netherlands	123	119	106	81.1	-13.0%
Vietnam	29.8	23.2	41.5	47.0	16.4%
India	48.8	31.4	20.3	30.5	-14.5%
Others	620	560	600	565	-3.0%
Total	1,825	1,591	1,795	2,147	5.6%

Top Suppliers of Handbag to Italy in 2022:

China (75.9M units)
Myanmar (28.0M units)
Vietnam (17.3M units)
Spain (12.3M units)
India (9.4M units)
France (3.0M units)
Netherlands (1.8M units)

Source: IndexBox Market Intelligence Platform

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

Italy

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Italy
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