Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Malaysia - 2024
Contents:
- Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Malaysia (CIF) - 2022
- Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Malaysia (FOB) - 2022
- Imports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Malaysia
- Exports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Malaysia
Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Malaysia (CIF) - 2022
The average import price for handbags with outer surface of leather, composition leather, or patent leathers stood at $337 per unit in 2022, which is down by -12.6% against the previous year. In general, the import price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 215%. The import price peaked at $386 per unit in 2021, and then declined in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($1,244 per unit), while the price for China ($76 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+16.0%), 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 Malaysia (FOB) - 2022
The average export price for handbags with outer surface of leather, composition leather, or patent leathers stood at $247 per unit in 2022, surging by 4.5% against the previous year. Over the period under review, the export price recorded strong growth. The pace of growth appeared the most rapid in 2020 an increase of 47% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.
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 Vietnam ($291 per unit), while the average price for exports to Cambodia ($65 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 Vietnam (+23.6%), 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 Malaysia
In 2022, supplies from abroad of handbags with outer surface of leather, composition leather, or patent leathers increased by 112% to 466K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports showed resilient growth. 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 soared to $157M in 2022. In general, imports showed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 32.1 | 23.6 | 34.3 | 58.8 | 22.4% |
| Italy | 25.6 | 18.1 | 25.8 | 51.4 | 26.2% |
| Vietnam | 9.9 | 5.4 | 4.6 | 9.2 | -2.4% |
| Hong Kong SAR | 8.0 | 4.3 | 3.4 | 7.9 | -0.4% |
| Cambodia | 2.5 | 2.7 | 3.5 | 7.6 | 44.9% |
| China | 5.7 | 2.3 | 1.6 | 3.6 | -14.2% |
| Philippines | 1.5 | 0.7 | 0.9 | 1.9 | 8.2% |
| India | 0.4 | 0.5 | 0.4 | 1.4 | 51.8% |
| Others | 19.7 | 13.5 | 10.4 | 15.3 | -8.1% |
| Total | 105 | 71.2 | 85.0 | 157 | 14.4% |
Top Suppliers of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather to Malaysia in 2022:
- Italy (84.2K units)
- Vietnam (67.6K units)
- Hong Kong SAR (66.9K units)
- Cambodia (65.9K units)
- China (47.8K units)
- France (47.3K units)
- India (17.6K units)
- Philippines (16.6K units)
Exports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Malaysia
In 2022, after two years of decline, there was significant growth in shipments abroad of handbags with outer surface of leather, composition leather, or patent leathers, when their volume increased by 30% to 46K units. In general, exports, however, continue to indicate a drastic downturn. Over the period under review, the exports of hit record highs at 64K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of handbags with outer surface of leather, composition leather, or patent leathers skyrocketed to $11M 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 +13.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.6% against 2020 indices. As a result, the exports attained 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 Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 2,523 | 3,009 | 3,892 | 7,156 | 41.6% |
| Indonesia | 1,390 | 744 | 540 | 1,267 | -3.0% |
| Hong Kong SAR | 865 | 785 | 314 | 638 | -9.6% |
| Thailand | 107 | 130 | 185 | 533 | 70.8% |
| France | 70.2 | 54.3 | 128 | 510 | 93.7% |
| Myanmar | 433 | 65.1 | 186 | 195 | -23.3% |
| Australia | 13.2 | 25.9 | 270 | 115 | 105.8% |
| China | 1,002 | 492 | 1,321 | 12.6 | -76.7% |
| Others | 1,314 | 927 | 1,481 | 891 | -12.1% |
| Total | 7,716 | 6,231 | 8,318 | 11,319 | 13.6% |
Top Export Markets for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather from Malaysia in 2022:
- Singapore (100.7K units)
- Indonesia (11.1K units)
- Hong Kong SAR (3.3K units)
- Thailand (3.1K units)
- Myanmar (2.2K units)
- France (2.1K units)
- Australia (1.1K units)
- China (0.1K units)
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