Report Update: May 1, 2024

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

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Handbag Price in Malaysia - 2022

Handbag Price in Malaysia (CIF) - 2022

In 2022, the average handbag import price amounted to $28 per unit, jumping by 15% against the previous year. In general, the import price recorded a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of 65% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

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 ($47 per unit), while the price for Myanmar totaled $19 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+32.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Handbag Price in Malaysia (FOB) - 2021

In December 2021, the average handbag export price amounted to $1,417 per unit, picking up by 147% against the previous month. Overall, the export price recorded buoyant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Hong Kong SAR ($3,408 per unit), while the average price for exports to China ($345 per unit) was amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

Handbag Imports in Malaysia

Handbag imports into Malaysia shrank to 5.9M units in 2022, reducing by -12.7% compared with the previous year. Over the period under review, imports continue to indicate a significant curtailment. Imports peaked at 16M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, handbag imports reached $167M in 2022. Overall, imports showed a pronounced descent. Imports peaked at $194M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Handbag in Malaysia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	0.2	0.1	0.1	91.6	670.8%
Myanmar	0.1	0.3	0.1	75.3	809.8%
Hong Kong SAR	14.2	8.5	5.5	N/A	-37.8%
China	51.9	25.9	18.9	N/A	-39.7%
India	1.2	2.1	2.1	N/A	32.3%
Others	126	131	139	N/A	5.0%
Total	194	168	166	167	-4.9%

Top Suppliers of Handbag to Malaysia in 2022:

Myanmar (4.0M units)
United Arab Emirates (2.0M units)

Handbag Exports in Malaysia

Handbag exports from Malaysia soared to 1.3M units in 2022, increasing by 43% against 2021 figures. Overall, exports, however, saw a pronounced downturn. The exports peaked at 1.3M units in 2019; afterwards, it flattened through to 2022.

In value terms, handbag exports contracted to $16M in 2022. Over the period under review, exports, however, saw a deep contraction. The growth pace was the most rapid in 2021 when exports increased by 37%. Over the period under review, the exports reached the maximum at $20M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Handbag in Malaysia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	0.8	0.3	0.3	8.5	119.8%
Myanmar	0.4	0.1	0.1	7.6	166.8%
Hong Kong SAR	1.3	1.2	1.1	N/A	-8.0%
India	0.6	N/A	N/A	N/A	0%
Indonesia	3.7	1.6	1.6	N/A	-34.2%
Singapore	4.1	4.5	6.0	N/A	21.0%
Turkey	4.4	2.2	2.2	N/A	-29.3%
Others	4.6	3.7	7.4	N/A	26.8%
Total	19.9	13.6	18.6	16.1	-6.8%

Top Export Markets for Handbag from Malaysia in 2022:

United Arab Emirates (1014.5K units)
Myanmar (240.3K units)

Source: IndexBox Market Intelligence Platform

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

Malaysia

Data coverage:

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