Philippines - Handbags - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHandbag Price in the Philippines - 2023
Contents:
- Handbag Price in the Philippines (FOB) - 2022
- Handbag Price in the Philippines (CIF) - 2022
- Handbag Exports in the Philippines
- Handbag Imports in the Philippines
Handbag Price in the Philippines (FOB) - 2022
The average handbag export price stood at $33 per unit in 2022, increasing by 8.7% against the previous year. Over the period under review, the export price enjoyed resilient growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 42%. The export price peaked in 2022 and is likely to see gradual growth in years to come.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Hong Kong SAR ($44 per unit) and China ($36 per unit), while the average price for exports to Japan ($31 per unit) and the Netherlands ($32 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.
Handbag Price in the Philippines (CIF) - 2022
In 2022, the average handbag import price amounted to $3.9 per unit, rising by 64% against the previous year. In general, the import price showed strong growth. The pace of growth appeared the most rapid in 2018 an increase of 88% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($52 per unit), while the price for South Korea ($0.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Handbag Exports in the Philippines
For the third year in a row, the Philippines recorded decline in overseas shipments of handbags, which decreased by -37.4% to 7.8M units in 2022. In general, exports continue to indicate a precipitous curtailment. The smallest decline of -1.4% was in 2021. Over the period under review, the exports reached the maximum at 24M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, handbag exports dropped remarkably to $257M in 2022. Over the period under review, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 31% against the previous year. Over the period under review, the exports reached the peak figure at $500M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Handbag in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 367 | 220 | 291 | 188 | -20.0% |
| China | 15.7 | 13.6 | 22.6 | 13.5 | -4.9% |
| Japan | 15.2 | 13.7 | 12.7 | 12.6 | -6.1% |
| Hong Kong SAR | 52.4 | 7.9 | 11.5 | 9.4 | -43.6% |
| Netherlands | 20.9 | 11.6 | 14.3 | 9.3 | -23.7% |
| Canada | 4.3 | 3.6 | 10.9 | 8.1 | 23.5% |
| Others | 24.9 | 18.1 | 14.0 | 15.7 | -14.3% |
| Total | 500 | 289 | 377 | 257 | -19.9% |
Top Export Markets for Handbag from the Philippines in 2022:
- United States (5.8M units)
- China (0.4M units)
- Japan (0.4M units)
- Netherlands (0.3M units)
- Canada (0.2M units)
- Hong Kong SAR (0.2M units)
Handbag Imports in the Philippines
In 2022, approx. 25M units of handbags were imported into the Philippines; waning by -30.9% compared with the year before. In general, imports showed a precipitous contraction. The smallest decline of -8.6% was in 2021. Over the period under review, imports reached the peak figure at 66M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, handbag imports rose notably to $96M in 2022. Overall, imports saw a perceptible descent. The pace of growth appeared the most rapid in 2021 when imports increased by 29%. Over the period under review, imports attained the peak figure at $104M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Handbag in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 46.5 | 37.1 | 35.7 | 28.6 | -15.0% |
| Italy | 0.3 | 0.4 | 8.1 | 26.1 | 343.1% |
| Vietnam | 0.8 | 0.8 | 0.9 | 1.4 | 20.5% |
| South Korea | 1.2 | 0.9 | 1.0 | 0.6 | -20.6% |
| Taiwan (Chinese) | 0.7 | 1.1 | 0.4 | N/A | -24.4% |
| Others | 54.9 | 25.2 | 38.2 | 38.9 | -10.8% |
| Total | 104 | 65.5 | 84.4 | 95.7 | -2.7% |
Top Suppliers of Handbag to the Philippines in 2022:
- Taiwan (Chinese) (undefinedM units)
- China (20.7M units)
- South Korea (1.5M units)
- Vietnam (0.7M units)
- Italy (0.5M units)
This report provides an in-depth analysis of the handbag market in the Philippines. 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:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
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
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