Middle East: Handbag Market 2024

Handbag Market Size in the Middle East

The Middle Eastern handbag market amounted to $X in 2022, surging by X% against the previous year. Overall, consumption enjoyed modest growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Handbag Production in the Middle East

In value terms, handbag production fell to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Handbag Exports

Exports in the Middle East

In 2022, handbag exports in the Middle East soared to X units, rising by X% on the year before. Over the period under review, exports posted resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, handbag exports surged to $X in 2022. Overall, exports enjoyed strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey was the key exporting country with an export of about X units, which reached X% of total exports. It was distantly followed by the United Arab Emirates (X units), creating a X% share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) emerged as the largest handbag supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports.

In the United Arab Emirates, handbag exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price, however, recorded a noticeable curtailment. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Turkey totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Handbag Imports

Imports in the Middle East

In 2022, approx. X units of handbags were imported in the Middle East; picking up by X% against 2021. In general, imports posted a tangible increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, handbag imports soared to $X in 2022. Total imports indicated a resilient 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

The United Arab Emirates represented the largest importer of handbags in the Middle East, with the volume of imports recording X units, which was near X% of total imports in 2022. Israel (X units) took the second position in the ranking, distantly followed by Qatar (X units) and Turkey (X units). All these countries together held near X% share of total imports. Kuwait (X units), Yemen (X units) and Jordan (X units) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to handbag imports into the United Arab Emirates stood at X%. At the same time, Qatar (X%), Israel (X%), Yemen (X%) and Jordan (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Kuwait (X%) and Turkey (X%) illustrated a downward trend over the same period. While the share of Qatar (X p.p.), Israel (X p.p.), the United Arab Emirates (X p.p.) and Kuwait (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkey (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported handbags in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with an X% share of total imports. It was followed by Kuwait, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Kuwait (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, recorded strong growth. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit, leveling off in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kuwait ($X per unit), while Yemen ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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