India - Luggage And Handbags - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLuggage Price in India - 2023
Contents:
- Luggage Price in India (FOB) - 2023
- Luggage Price in India (CIF) - 2023
- Luggage Exports in India
- Luggage Imports in India
Luggage Price in India (FOB) - 2023
The average luggage export price stood at $2.0 per unit in July 2023, which is down by -7.6% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 14% m-o-m. As a result, the export price attained the peak level of $2.4 per unit. From December 2022 to July 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($4.2 per unit), while the average price for exports to Portugal ($565 per thousand units) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Luggage Price in India (CIF) - 2023
The average luggage import price stood at $1.4 per unit in July 2023, reducing by -9.7% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average import price increased by 265% month-to-month. Over the period under review, average import prices hit record highs at $1.7 per unit in September 2022; however, from October 2022 to July 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Bangladesh ($11.4 per unit), while the price for China ($835 per thousand units) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.5%), while the prices for the other major suppliers experienced a decline.
Luggage Exports in India
Luggage exports from India skyrocketed to 16M units in 2022, jumping by 38% against the year before. In general, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +8.2% 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 +80.1% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, luggage exports soared to $1.2B in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +9.8% 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 +77.2% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Luggage in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 215 | 147 | 261 | 338 | 16.3% |
| France | 58.8 | 67.1 | 115 | 145 | 35.1% |
| United Kingdom | 124 | 82.7 | 93.2 | 123 | -0.3% |
| Germany | 93.6 | 84.1 | 80.9 | 107 | 4.6% |
| Netherlands | 52.1 | 49.0 | 62.2 | 77.7 | 14.3% |
| Spain | 62.4 | 42.3 | 46.4 | 69.4 | 3.6% |
| Italy | 59.5 | 37.4 | 28.7 | 52.3 | -4.2% |
| Australia | 32.9 | 27.1 | 36.5 | 46.0 | 11.8% |
| Belgium | 29.7 | 16.2 | 25.3 | 40.1 | 10.5% |
| Japan | 21.0 | 17.5 | 18.3 | 25.7 | 7.0% |
| United Arab Emirates | 14.1 | 5.9 | 8.9 | 13.9 | -0.5% |
| Others | 161 | 116 | 127 | 188 | 5.3% |
| Total | 925 | 692 | 903 | 1,226 | 9.8% |
Top Export Markets for Luggage from India in 2022:
- United States (4.1M units)
- France (1.9M units)
- United Arab Emirates (1.2M units)
- United Kingdom (1.2M units)
- Germany (1.1M units)
- Belgium (1.0M units)
- Netherlands (0.8M units)
- Spain (0.7M units)
- Australia (0.4M units)
- Italy (0.4M units)
- Japan (0.4M units)
Luggage Imports in India
Luggage imports into India soared to 20M units in 2022, picking up by 66% on 2021. Over the period under review, imports, however, recorded a pronounced decline. Imports peaked at 23M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, luggage imports surged to $377M in 2022. Overall, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Luggage in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 290 | 93.2 | 123 | 226 | -8.0% |
| Bangladesh | 28.0 | 16.2 | 48.3 | 62.0 | 30.3% |
| Singapore | 9.0 | 6.9 | 15.2 | 20.9 | 32.4% |
| France | 8.3 | 5.3 | 10.0 | 18.4 | 30.4% |
| Hong Kong SAR | 12.2 | 6.0 | 6.7 | 10.9 | -3.7% |
| Others | 22.6 | 16.7 | 29.2 | 39.1 | 20.0% |
| Total | 370 | 144 | 233 | 377 | 0.6% |
Top Suppliers of Luggage to India in 2022:
- China (12.3M units)
- Bangladesh (3.9M units)
- Singapore (0.8M units)
- France (0.6M units)
- Hong Kong SAR (0.6M units)
This report provides an in-depth analysis of the luggage market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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.
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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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