Iran: Handbag Market 2024

Handbag Market Size in Iran

In 2022, the Iranian handbag market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, saw a precipitous shrinkage. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Handbag Exports

Exports from Iran

In 2022, approx. X units of handbags were exported from Iran; which is down by X% against 2021. Overall, exports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2021, and then dropped notably in the following year.

In value terms, handbag exports dropped to $X in 2022. Over the period under review, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then contracted in the following year.

Exports by Country

Iraq (X units) was the main destination for handbag exports from Iran, accounting for a X% share of total exports. Moreover, handbag exports to Iraq exceeded the volume sent to the second major destination, North Macedonia (X units), ninefold. Azerbaijan (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Iraq stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (X% per year) and Azerbaijan (X% per year).

In value terms, Iraq ($X) remains the key foreign market for handbags exports from Iran, comprising X% of total exports. The second position in the ranking was taken by Afghanistan ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Iraq totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The average handbag export price stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the export price saw a buoyant increase. The pace of growth was the most pronounced in 2015 an increase of X%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Afghanistan ($X per unit), while the average price for exports to North Macedonia ($X 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 Afghanistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Handbag Imports

Imports into Iran

Handbag imports into Iran dropped to X units in 2022, waning by X% against the year before. In general, imports faced a precipitous decrease. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, handbag imports skyrocketed to $X in 2022. Overall, imports recorded a deep downturn. The growth pace was the most rapid in 2019 with an increase of X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest handbag supplier to Iran, accounting for a X% share of total imports. Moreover, handbag imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), fivefold. The third position in this ranking was taken by Italy (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Italy (X% per year).

In value terms, Italy ($X), the United Arab Emirates ($X) and China ($X) constituted the largest handbag suppliers to Iran, with a combined X% share of total imports. Hong Kong SAR, Turkey, the UK, Pakistan, Portugal, Georgia, India and Thailand lagged somewhat behind, together accounting for a further X%.

Georgia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average handbag import price stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the import price showed a strong increase. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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