Report Update: Apr 21, 2024

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

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Luggage Price in Portugal - 2023

Luggage Price in Portugal (CIF) - 2023

In July 2023, the average luggage import price amounted to $14.9 per unit, falling by -5.6% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 an increase of 25% m-o-m. As a result, import price reached the peak level of $17.7 per unit. From April 2023 to July 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was France ($158 per unit), while the price for Hong Kong SAR ($2.3 per unit) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Italy (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Luggage Price in Portugal (FOB) - 2023

The average luggage export price stood at $13.0 per unit in July 2023, reducing by -10.2% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 26% against the previous month. Over the period under review, the average export prices hit record highs at $14.5 per unit in June 2023, and then shrank in the following month.

There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was the Netherlands ($69.7 per unit), while the average price for exports to Spain ($9.6 per unit) 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 Poland (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Luggage Imports in Portugal

In 2022, the amount of luggage and handbags imported into Portugal skyrocketed to 17M units, increasing by 118% compared with 2021. Overall, imports enjoyed a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, luggage imports surged to $313M in 2022. In general, imports saw a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Luggage in Portugal (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	88.5	56.7	70.7	130	13.7%
China	34.6	24.2	19.9	65.6	23.8%
France	26.5	19.4	20.1	37.7	12.5%
Italy	20.0	14.0	17.5	28.8	12.9%
Netherlands	10.5	6.9	8.6	12.8	6.8%
Belgium	9.8	2.4	3.4	10.1	1.0%
India	3.1	2.3	3.1	8.0	37.2%
Vietnam	0.1	0.1	0.5	1.3	135.1%
Others	14.9	10.7	12.4	17.7	5.9%
Total	208	137	156	313	14.6%

Top Suppliers of Luggage to Portugal in 2022:

Spain (7.9M units)
China (5.6M units)
India (0.8M units)
Belgium (0.5M units)
Italy (0.4M units)
France (0.4M units)
Vietnam (0.3M units)
Netherlands (0.2M units)

Luggage Exports in Portugal

In 2022, overseas shipments of luggage and handbags were finally on the rise to reach 4.7M units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a deep setback. Over the period under review, the exports hit record highs at 6.1M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, luggage exports rose markedly to $92M in 2022. In general, exports, however, showed a noticeable shrinkage. The growth pace was the most rapid in 2021 when exports increased by 20%. The exports peaked at $98M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Luggage in Portugal (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	40.2	25.5	31.0	42.7	2.0%
France	14.5	13.6	14.1	14.5	0.0%
Italy	6.0	4.3	4.4	5.0	-5.9%
Germany	2.8	2.2	3.0	4.2	14.5%
Poland	2.2	1.4	2.0	1.8	-6.5%
Others	31.8	22.8	29.0	23.5	-9.6%
Total	97.5	69.8	83.5	91.7	-2.0%

Top Export Markets for Luggage from Portugal in 2022:

Spain (2907.3K units)
France (601.0K units)
Italy (274.8K units)
Poland (140.5K units)
Germany (113.8K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the luggage market in Portugal. 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:

Portugal

Data coverage:

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