Kuwait: Handbag Market 2024

Handbag Market Size in Kuwait

In 2022, the Kuwaiti handbag market increased by X% to $X, rising for the third year in a row after two years of decline. Overall, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the immediate term.

Handbag Production in Kuwait

In value terms, handbag production soared to $X in 2022 estimated in export price. In general, production, however, saw a abrupt downturn. 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 Kuwait

In 2022, approx. X units of handbags were exported from Kuwait; increasing by X% on the previous year. In general, exports showed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, handbag exports soared to $X in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Bahrain (X units) was the main destination for handbag exports from Kuwait, accounting for a X% share of total exports. Moreover, handbag exports to Bahrain exceeded the volume sent to the second major destination, Qatar (X units), threefold. The third position in this ranking was held by the United Arab Emirates (X units), with an X% share.

From 2013 to 2022, the average annual growth rate of volume to Bahrain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and the United Arab Emirates (X% per year).

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Qatar ($X) appeared to be the largest markets for handbag exported from Kuwait worldwide, together accounting for X% of total exports.

The United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average handbag export price stood at $X per unit in 2022, surging by X% against the previous year. In general, the export price recorded a resilient expansion. The growth pace was the most rapid in 2014 when the average export price increased by X%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Bahrain ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Handbag Imports

Imports into Kuwait

In 2022, purchases abroad of handbags increased by X% to X units, rising for the second year in a row after three years of decline. Overall, imports, however, showed a slight shrinkage. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, handbag imports fell modestly to $X in 2022. In general, imports recorded strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then shrank modestly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of handbag to Kuwait, with a X% share of total imports. Moreover, handbag imports from China exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold. Italy (X units) ranked third in terms of total imports with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Italy (X% per year).

In value terms, Italy ($X), France ($X) and China ($X) constituted the largest handbag suppliers to Kuwait, together accounting for X% of total imports. Vietnam, Indonesia, the United Arab Emirates, Cambodia, India, Myanmar and Turkey lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Myanmar, with a CAGR of X%, recorded the highest growth rate of 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, declining by X% against the previous year. Over the period under review, the import price, however, continues to indicate a prominent increase. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, import price reached the peak level of $X per unit, and then contracted in the following year.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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