Report Update: May 1, 2024

Colombia - Luggage And Handbags - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Luggage Price in Colombia - 2022

Luggage Price in Colombia (CIF) - 2022

The average luggage import price stood at $3.0 per unit in February 2022, declining by -64.4% against the previous month. Overall, the import price showed a drastic downturn. The growth pace was the most rapid in April 2021 an increase of 94% against the previous month. As a result, import price reached the peak level of $11.4 per unit. From May 2021 to February 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From February 2021 to February 2022, the rate of growth in terms of prices for China amounted to -6.3% per month.

Luggage Price in Colombia (FOB) - 2022

In 2022, the average luggage export price amounted to $42 per unit, dropping by -7.7% against the previous year. Over the period under review, the export price showed a noticeable reduction. The most prominent rate of growth was recorded in 2018 an increase of 13% against the previous year. Over the period under review, the average export prices reached the peak figure at $70 per unit in 2013; however, from 2014 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 the United States ($78 per unit), while the average price for exports to the Dominican Republic ($13 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 Guatemala (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Luggage Imports in Colombia

In 2022, approx. 5.3M units of luggage and handbags were imported into Colombia; which is down by -1.7% against the previous year's figure. Overall, imports continue to indicate a dramatic curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 5.9%. Imports peaked at 12M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, luggage imports fell to $45M in 2022. In general, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 37% against the previous year. Imports peaked at $63M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Luggage in Colombia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	53.7	28.4	36.3	32.3	-15.6%
Others	9.3	9.4	15.6	12.6	10.7%
Total	63.1	37.9	51.9	44.9	-10.7%

Top Suppliers of Luggage to Colombia in 2022:

China (5.0M units)

Luggage Exports in Colombia

In 2022, approx. 272K units of luggage and handbags were exported from Colombia; remaining constant against 2021. Over the period under review, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 9.2%. The exports peaked at 411K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, luggage exports declined to $11M in 2022. Overall, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. Over the period under review, the exports hit record highs at $19M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Luggage in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	10,195	5,094	6,839	5,858	-16.9%
Peru	1,432	1,082	805	889	-14.7%
Chile	607	227	445	331	-18.3%
Mexico	357	163	335	322	-3.4%
Ecuador	574	359	302	308	-18.7%
Costa Rica	471	242	375	289	-15.0%
Panama	508	172	342	275	-18.5%
France	460	233	128	265	-16.8%
Germany	393	348	229	265	-12.3%
Guatemala	373	140	280	243	-13.3%
Canada	240	47.7	104	110	-22.9%
El Salvador	122	53.6	97.0	81.7	-12.5%
Dominican Republic	137	46.1	66.4	65.2	-21.9%
Others	3,520	2,173	1,988	2,057	-16.4%
Total	19,387	10,380	12,337	11,358	-16.3%

Top Export Markets for Luggage from Colombia in 2022:

United States (75.0K units)
Peru (59.9K units)
Ecuador (19.5K units)
Chile (19.3K units)
Mexico (16.1K units)
Costa Rica (11.9K units)
Panama (10.8K units)
Guatemala (7.5K units)
Germany (5.5K units)
Dominican Republic (5.0K units)
France (4.8K units)
Canada (4.6K units)
El Salvador (4.2K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the luggage market in Colombia. 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 15121210 - Trunks, suitcases, vanity cases, briefcases, school satchels and similar containers of leather, composition leather, patent leather, plastics, textile materials, aluminium or other materials
Prodcom 15121220 - Handbags of leather, composition leather, patent leather, p lastic sheeting, textile materials or other materials (including those without a handle)
Prodcom 15121270 - Travel sets for personal toilet, sewing, or shoe or clothes cleaning (excluding manicure sets)

Country coverage:

Colombia

Data coverage:

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