Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in India - 2023
Contents:
- Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in India (FOB) - 2023
- Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in India (CIF) - 2022
- Exports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in India
- Imports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in India
Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in India (FOB) - 2023
The average export price for handbags with outer surface of leather, composition leather, or patent leathers stood at $21.2 per unit in November 2023, dropping by -2.2% against the previous month. In general, the export price recorded a mild curtailment. The pace of growth was the most pronounced in October 2023 when the average export price increased by 52% m-o-m. The export price peaked at $24.7 per unit in November 2022; however, from December 2022 to November 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was France ($33.7 per unit), while the average price for exports to the United Arab Emirates ($3.5 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in India (CIF) - 2022
In 2022, the average import price for handbags with outer surface of leather, composition leather, or patent leathers amounted to $39 per unit, declining by -19.6% against the previous year. In general, the import price, however, showed a significant increase. The most prominent rate of growth was recorded in 2017 an increase of 247% against the previous year. Over the period under review, average import prices reached the maximum at $48 per unit in 2021, and then declined remarkably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($429 per unit), while the price for China ($6.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in India
In 2022, approx. 20M units of handbags with outer surface of leather, composition leather, or patent leathers were exported from India; growing by 28% compared with 2021. In general, total exports indicated a slight expansion from 2019 to 2022: its volume increased at an average annual rate of +1.4% 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 +52.9% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of handbags with outer surface of leather, composition leather, or patent leathers soared to $448M in 2022. Over the period under review, total exports indicated a pronounced expansion from 2019 to 2022: its value increased at an average annual rate of +2.1% 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 +53.1% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 85.3 | 52.2 | 93.6 | 126 | 13.9% |
| United Kingdom | 67.7 | 42.0 | 51.1 | 62.0 | -2.9% |
| France | 31.7 | 28.7 | 37.6 | 50.1 | 16.5% |
| Germany | 40.5 | 33.0 | 37.0 | 42.0 | 1.2% |
| Netherlands | 30.4 | 24.0 | 26.9 | 34.4 | 4.2% |
| Spain | 36.0 | 23.2 | 18.4 | 25.2 | -11.2% |
| Australia | 21.8 | 16.1 | 20.0 | 20.9 | -1.4% |
| Denmark | 19.6 | 13.9 | 15.5 | 18.9 | -1.2% |
| Italy | 31.2 | 18.7 | 11.2 | 15.5 | -20.8% |
| Canada | 3.3 | 1.8 | 3.4 | 5.3 | 17.1% |
| Others | 54.2 | 39.0 | 38.3 | 48.0 | -4.0% |
| Total | 422 | 293 | 353 | 448 | 2.0% |
Top Export Markets for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather from India in 2022:
- United States (5.3M units)
- United Kingdom (3.0M units)
- Germany (1.9M units)
- France (1.7M units)
- Netherlands (1.6M units)
- Spain (1.4M units)
- Denmark (0.9M units)
- Australia (0.9M units)
- Italy (0.6M units)
- Canada (0.3M units)
Imports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in India
Imports of handbags with outer surface of leather, composition leather, or patent leathers into India skyrocketed to 505K units in 2022, picking up by 62% compared with 2021. Overall, imports, however, recorded a perceptible shrinkage. Imports peaked at 839K units in 2020; however, from 2021 to 2022, imports failed to regain momentum.
In value terms, imports of handbags with outer surface of leather, composition leather, or patent leathers soared to $19M in 2022. In general, imports, however, continue to indicate a noticeable descent. Over the period under review, imports of reached the maximum at $21M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 2.8 | 2.2 | 2.8 | 5.2 | 22.9% |
| China | 4.6 | 1.6 | 2.6 | 4.3 | -2.2% |
| Hong Kong SAR | 1.1 | 0.2 | 0.3 | 1.8 | 17.8% |
| United States | 0.1 | N/A | 0.1 | 1.0 | 115.4% |
| France | 7.3 | 3.7 | 0.3 | 0.8 | -52.1% |
| Others | 5.3 | 5.1 | 8.9 | 6.4 | 6.5% |
| Total | 21.3 | 12.8 | 15.0 | 19.5 | -2.9% |
Top Suppliers of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather to India in 2022:
- China (618.7K units)
- Hong Kong SAR (49.2K units)
- United States (17.7K units)
- Italy (12.2K units)
- France (2.1K units)
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