Report Update: May 1, 2024

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

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Handbag Price in Kenya - 2022

Handbag Price in Kenya (CIF) - 2022

In 2022, the average handbag import price amounted to $3.6 per unit, growing by 15% against the previous year. In general, the import price posted buoyant growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 157% against the previous year. As a result, import price reached the peak level of $6.2 per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($30 per unit), while the price for China ($3.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+29.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Handbag Price in Kenya (FOB) - 2022

In 2022, the average handbag export price amounted to $12 per unit, remaining constant against the previous year. Over the period under review, the export price saw a remarkable increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 99%. As a result, the export price reached the peak level of $16 per unit. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($74 per unit), while the average price for exports to Burundi ($0.8 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 Germany (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Handbag Imports in Kenya

In 2022, imports of handbags into Kenya reduced notably to 3.4M units, shrinking by -21.3% on 2021. Over the period under review, imports recorded a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 26%. As a result, imports reached the peak of 4.3M units, and then fell significantly in the following year.

In value terms, handbag imports contracted to $12M in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 23% against the previous year. As a result, imports reached the peak of $13M, and then fell in the following year.

Import of Handbag in Kenya (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	9.8	9.7	12.3	10.4	2.0%
United Kingdom	0.1	0.1	0.1	0.4	58.7%
India	0.2	0.1	0.1	0.1	-20.6%
Others	0.7	0.8	0.7	1.1	16.3%
Total	10.8	10.7	13.2	12.0	3.6%

Top Suppliers of Handbag to Kenya in 2022:

China (3145.4K units)
United Kingdom (102.2K units)
India (16.1K units)

Handbag Exports in Kenya

In 2022, after three years of growth, there was significant decline in shipments abroad of handbags, when their volume decreased by -22.8% to 160K units. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 140% against the previous year. As a result, the exports reached the peak of 208K units, and then declined notably in the following year.

In value terms, handbag exports fell dramatically to $1.9M in 2022. Overall, exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 77% against the previous year. As a result, the exports attained the peak of $2.4M, and then dropped significantly in the following year.

Export of Handbag in Kenya (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	22.0	61.3	138	352	152.0%
Germany	14.0	5.8	25.1	246	160.0%
Italy	290	271	332	216	-9.4%
United Kingdom	55.2	216	233	178	47.7%
Australia	281	120	273	122	-24.3%
Singapore	10.1	4.4	159	60.5	81.6%
Spain	2.6	15.6	72.3	55.0	176.6%
United Arab Emirates	33.8	1.3	44.1	48.2	12.6%
Canada	1.6	2.0	10.6	37.6	186.4%
France	5.8	5.2	4.9	32.7	78.0%
Democratic Republic of the Congo	15.3	10.8	27.1	13.4	-4.3%
Sudan	6.7	14.3	6.3	9.6	12.7%
Burundi	0.9	0.2	1.6	3.4	55.7%
Others	425	619	1,056	491	4.9%
Total	1,164	1,348	2,382	1,865	17.0%

Top Export Markets for Handbag from Kenya in 2022:

United Kingdom (21.5K units)
Canada (19.0K units)
Democratic Republic of the Congo (16.6K units)
Singapore (12.4K units)
Sudan (11.5K units)
Italy (10.5K units)
Australia (10.1K units)
Germany (6.2K units)
France (5.2K units)
China (4.7K units)
Burundi (4.5K units)
Spain (4.0K units)
United Arab Emirates (3.7K units)

Source: IndexBox Market Intelligence Platform

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

Kenya

Data coverage:

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