Japan: Handbag Market 2024

Handbag Market Size in Japan

The Japanese handbag market stood at $X in 2022, growing by X% against the previous year. In general, consumption, however, showed a perceptible setback. Handbag consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Handbag Production in Japan

In value terms, handbag production declined to $X in 2022 estimated in export price. In general, production recorded a pronounced decrease. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Handbag production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Handbag Exports

Exports from Japan

In 2022, after ten years of growth, there was significant decline in shipments abroad of handbags, when their volume decreased by X% to X units. In general, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2021, and then reduced rapidly in the following year.

In value terms, handbag exports dropped remarkably to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then fell significantly in the following year.

Exports by Country

China (X units) was the main destination for handbag exports from Japan, accounting for a X% share of total exports. Moreover, handbag exports to China exceeded the volume sent to the second major destination, Singapore (X units), more than tenfold. The third position in this ranking was held by Hong Kong SAR (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Hong Kong SAR (X% per year).

In value terms, China ($X) remains the key foreign market for handbags exports from Japan, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2022, the average handbag export price amounted to $X per unit, flattening at the previous year. In general, the export price saw a sharp curtailment. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Singapore ($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 Taiwan (Chinese) (X%), while the prices for the other major destinations experienced a decline.

Handbag Imports

Imports into Japan

In 2022, purchases abroad of handbags increased by X% to X units, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, handbag imports soared to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

France (X units), Italy (X units) and Cambodia (X units) were the main suppliers of handbag imports to Japan, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Cambodia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest handbag suppliers to Japan were France ($X), Italy ($X) and China ($X), with a combined X% share of total imports. Spain, Cambodia, Vietnam, the Philippines and Indonesia lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2022, the average handbag import price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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