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Mexico - Luggage And Handbags - Market Analysis, Forecast, Size, Trends and Insights
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Mexico: Luggage Market Overview 2021

Luggage Market Size in Mexico

After three years of growth, the Mexican luggage market decreased by -X% to $X in 2020. In general, consumption showed a mild curtailment. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, the market reached the peak level at $X in 2019, and then fell markedly in the following year.

Luggage Production in Mexico

In value terms, luggage production declined to $X in 2020 estimated in export prices. In general, production saw a abrupt contraction. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Luggage production peaked at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

Luggage Exports

Exports from Mexico

In 2020, overseas shipments of luggage and handbags increased by X% to X units, rising for the third year in a row after two years of decline. Over the period under review, exports, however, showed a pronounced shrinkage. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Exports peaked at X units in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

In value terms, luggage exports skyrocketed to $X in 2020. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum at $X in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The U.S. (X units) was the main destination for luggage exports from Mexico, with a X% share of total exports. It was followed by El Salvador (X units), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to the U.S. amounted to -X%.

In value terms, the U.S. ($X) remains the key foreign market for luggage exports from Mexico, comprising X% of total exports. The second position in the ranking was occupied by El Salvador ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to the U.S. was relatively modest.

Export Prices by Country

In 2020, the average luggage export price amounted to $X per unit, which is down by -X% against the previous year. In general, the export price, however, saw a pronounced expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% year-to-year. The export price peaked at $X per unit in 2019, and then fell slightly in the following year.

Average prices varied somewhat for the major overseas markets. In 2020, the country with the highest price was the U.S. ($X per unit), while the average price for exports to El Salvador amounted to $X per unit.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S..

Luggage Imports

Imports into Mexico

In 2020, after two years of growth, there was significant decline in overseas purchases of luggage and handbags, when their volume decreased by -X% to X units. Over the period under review, imports saw a perceptible descent. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2020, the growth imports remained at a lower figure.

In value terms, luggage imports shrank markedly to $X in 2020. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2019, and then dropped rapidly in the following year.

Imports by Country

In 2020, China (X units) was the main luggage supplier to Mexico, with a X% share of total imports. It was followed by the U.S. (X units), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (-X% per year) and India (+X% per year).

In value terms, China ($X) constituted the largest supplier of luggage to Mexico, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and India (+X% per year).

Import Prices by Country

In 2020, the average luggage import price amounted to $X per unit, with a decrease of -X% against the previous year. Overall, the import price, however, recorded perceptible growth. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2020, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was India ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for luggage and handbags in the world?
+
China (1.9B units) constituted the country with the largest volume of luggage consumption, comprising approx. 29% of total volume. Moreover, luggage consumption in China exceeded the figures recorded by the second-largest consumer, Japan (411M units), fivefold. The third position in this ranking was occupied by the U.S. (315M units), with a 4.9% share.
What are the largest producers of luggage and handbags in the world?
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China (3.7B units) constituted the country with the largest volume of luggage production, accounting for 60% of total volume. Moreover, luggage production in China exceeded the figures recorded by the second-largest producer, India (349M units), more than tenfold. The third position in this ranking was occupied by Japan (200M units), with a 3.2% share.
What are the leading suppliers of luggage and handbags to Mexico?
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In value terms, China ($124M) constituted the largest supplier of luggage to Mexico, comprising 59% of total imports. The second position in the ranking was occupied by the U.S. ($8M), with a 3.8% share of total imports.
What are the leading importers of luggage and handbags from Mexico?
+
In value terms, the U.S. ($51M) remains the key foreign market for luggage exports from Mexico, comprising 95% of total exports. The second position in the ranking was occupied by El Salvador ($675K), with a 1.2% share of total exports.
What is the average export price for luggage and handbags in Mexico?
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In 2020, the average luggage export price amounted to $10 per unit, which is down by -3.6% against the previous year.
What is the average import price for luggage and handbags in Mexico?
+
In 2020, the average luggage import price amounted to $2.7 per unit, falling by -28.5% against the previous year.

Product coverage:
• Prodcom 15121210 - Trunks, suitcases, vanity cases, briefcases, school satchels and similar containers of leather, composition leather, patent leather, plastics, textile materials, aluminium or other materials
• Prodcom 15121220 - Handbags of leather, composition leather, patent leather, p lastic sheeting, textile materials or other materials (including those without a handle)
• Prodcom 15121270 - Travel sets for personal toilet, sewing, or shoe or clothes cleaning (excluding manicure sets)

This report provides an in-depth analysis of the luggage market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Mexico

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Mexico
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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