Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Luxembourg - 2023

Contents:

1. Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Luxembourg (CIF) - 2023
2. Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Luxembourg (FOB) - 2022
3. Imports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Luxembourg
4. Exports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Luxembourg

Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Luxembourg (CIF) - 2023

In December 2023, the average import price for handbags with outer surface of leather, composition leather, or patent leathers amounted to $199 per unit, shrinking by -3.7% against the previous month. Over the period under review, the import price recorded a noticeable decline. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 105% against the previous month. As a result, import price attained the peak level of $516 per unit. From May 2023 to December 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($524 per unit), while the price for Norway ($85.1 per unit) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Bangladesh (+34.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Luxembourg (FOB) - 2022

In 2022, the average export price for handbags with outer surface of leather, composition leather, or patent leathers amounted to $286 per unit, with a decrease of -30.3% against the previous year. In general, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the average export price increased by 52% against the previous year. Over the period under review, the average export prices attained the peak figure at $411 per unit in 2021, and then reduced sharply in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($1,067 per unit), while the average price for exports to Belgium ($135 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 South Korea (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Luxembourg

In 2022, imports of handbags with outer surface of leather, composition leather, or patent leathers into Luxembourg skyrocketed to 102K units, increasing by 20% compared with 2021. The total import volume increased at an average annual rate of +4.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of handbags with outer surface of leather, composition leather, or patent leathers expanded significantly to $21M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 29%. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather to Luxembourg in 2022:

1. France (34.9K units)
2. Belgium (32.8K units)
3. Netherlands (11.8K units)
4. Italy (10.1K units)
5. Germany (7.5K units)
6. Spain (2.4K units)
7. China (0.8K units)

Exports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Luxembourg

For the third year in a row, Luxembourg recorded decline in overseas shipments of handbags with outer surface of leather, composition leather, or patent leathers, which decreased by -0.2% to 7.9K units in 2022. In general, exports continue to indicate a precipitous setback. The exports peaked at 16K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of handbags with outer surface of leather, composition leather, or patent leathers contracted dramatically to $2.3M in 2022. Overall, exports faced a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 0.8% against the previous year. The exports peaked at $3.5M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather from Luxembourg in 2022:

1. Belgium (3273.0 units)
2. France (1413.0 units)
3. Japan (792.0 units)
4. Italy (615.0 units)
5. Netherlands (435.0 units)
6. Germany (358.0 units)
7. Hong Kong SAR (348.0 units)
8. South Korea (60.0 units)

Source: IndexBox Market Intelligence Platform