Report Update: May 1, 2024

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

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Handbag Price in Turkey - 2023

Handbag Price in Turkey (CIF) - 2022

The average handbag import price stood at $34 per unit in 2022, increasing by 6.9% against the previous year. Overall, the import price saw a resilient increase. The pace of growth was the most pronounced in 2019 when the average import price increased by 30% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($458 per unit), while the price for Malaysia ($9.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Handbag Price in Turkey (FOB) - 2022

The average handbag export price stood at $4.7 per unit in 2022, dropping by -8.2% against the previous year. Overall, the export price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2017 when the average export price decreased by -1.3% against the previous year. The export price peaked at $21 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($27 per unit), while the average price for exports to Iraq ($0.9 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 the Netherlands (+0.5%), while the prices for the other major destinations experienced a decline.

Handbag Imports in Turkey

In 2022, handbag imports into Turkey skyrocketed to 5.6M units, picking up by 51% compared with the year before. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +12.4% 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 +96.8% 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 surged to $193M in 2022. In general, imports posted strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Handbag in Turkey (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	57.1	45.5	56.2	92.6	17.5%
China	22.2	16.7	22.0	34.0	15.3%
Malaysia	3.9	3.4	4.2	5.3	10.8%
Cambodia	1.9	1.0	1.8	4.3	31.3%
Myanmar	0.2	0.1	0.1	3.6	162.1%
Vietnam	3.4	2.2	2.5	3.2	-2.0%
India	2.4	1.0	1.5	2.4	0.0%
Indonesia	0.9	0.5	1.2	2.0	30.5%
Others	30.2	20.7	29.9	45.4	14.6%
Total	122	91.0	119	193	16.5%

Top Suppliers of Handbag to Turkey in 2022:

China (3410.1K units)
Malaysia (570.9K units)
Myanmar (324.4K units)
India (229.4K units)
Italy (202.1K units)
Cambodia (178.8K units)
Vietnam (107.3K units)
Indonesia (91.9K units)

Handbag Exports in Turkey

In 2022, approx. 27M units of handbags were exported from Turkey; rising by 23% on 2021. In general, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 50%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, handbag exports expanded sharply to $129M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +8.7% 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 +64.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 47% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Export of Handbag in Turkey (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	15.2	14.3	21.0	21.8	12.8%
Italy	26.3	10.4	14.5	21.5	-6.5%
United States	5.5	5.9	12.1	13.6	35.2%
Netherlands	3.9	3.9	6.0	9.0	32.1%
Germany	3.9	6.4	7.9	7.7	25.5%
France	4.3	4.1	5.3	7.0	17.6%
Spain	5.7	7.8	6.5	5.6	-0.6%
Israel	1.8	1.5	2.7	2.9	17.2%
Libya	2.0	0.7	2.5	2.5	7.7%
Iraq	4.4	1.5	1.7	1.8	-25.8%
Greece	0.8	0.6	0.9	1.5	23.3%
Kazakhstan	0.3	0.3	0.4	1.5	71.0%
Bulgaria	0.4	0.7	1.2	1.2	44.2%
Others	26.0	20.1	32.1	31.6	6.7%
Total	101	78.3	115	129	8.5%

Top Export Markets for Handbag from Turkey in 2022:

Israel (2.4M units)
France (2.1M units)
Iraq (2.1M units)
Libya (1.6M units)
Netherlands (1.4M units)
Greece (1.3M units)
Germany (1.3M units)
United Kingdom (1.2M units)
Bulgaria (1.1M units)
United States (0.8M units)
Italy (0.8M units)
Kazakhstan (0.7M units)
Spain (0.7M units)

Source: IndexBox Market Intelligence Platform

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

Turkey

Data coverage:

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