Latest Report Update: May 22, 2021

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

Luggage Market Size in Nigeria

For the sixth year in a row, the Nigerien luggage market recorded growth in sales value, which increased by X% to $X in 2020. In general, consumption, however, saw a prominent increase. The most prominent rate of growth was recorded in 2018 when the market value increased by X% year-to-year. Over the period under review, the market attained the peak level in 2020 and is likely to see steady growth in years to come.

Luggage Production in Nigeria

In value terms, luggage production shrank to $X in 2020 estimated in export prices. Over the period under review, production posted a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Luggage production peaked at $X in 2019, and then dropped in the following year.

Luggage Exports

Exports from Nigeria

In 2020, approx. X units of luggage and handbags were exported from Nigeria; with a decrease of -X% on the previous year. Over the period under review, exports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2013 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at X units in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

In value terms, luggage exports contracted significantly to $X in 2020. Overall, exports showed a deep slump. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2014; however, from 2015 to 2020, exports remained at a lower figure.

Exports by Country

Botswana (X units) was the main destination for luggage exports from Nigeria, with a X% share of total exports. Moreover, luggage exports to Botswana exceeded the volume sent to the second major destination, Italy (X units), twofold. South Africa (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Botswana amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and South Africa (+X% per year).

In value terms, the largest markets for luggage exported from Nigeria were Switzerland ($X), Italy ($X) and the U.S. ($X), with a combined X% share of total exports.

Switzerland 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 luggage export price stood at $X per unit in 2020, falling by -X% against the previous year. In general, the export price, however, saw a notable increase. The pace of growth was the most pronounced in 2017 an increase of X% year-to-year. As a result, export price attained the peak level of $X per unit. From 2018 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was the U.S. ($X per unit), while the average price for exports to Botswana ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland, while the prices for the other major destinations experienced more modest paces of growth.

Luggage Imports

Imports into Nigeria

In 2020, overseas purchases of luggage and handbags increased by X% to X units, rising for the third year in a row after two years of decline. In general, imports showed significant growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2020 and are likely to continue growth in the near future.

In value terms, luggage imports skyrocketed to $X in 2020. Overall, imports enjoyed significant growth. The pace of growth was the most pronounced in 2018 when imports increased by X% y-o-y. Imports peaked in 2020 and are likely to continue growth in the near future.

Imports by Country

In 2020, China (X units) was the main supplier of luggage to Nigeria, accounting for a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from China totaled +X%.

In value terms, China ($X) constituted the largest supplier of luggage to Nigeria.

From 2007 to 2020, the average annual rate of growth in terms of value from China amounted to +X%.

Import Prices by Country

In 2020, the average luggage import price amounted to $X per unit, remaining constant against the previous year. Over the period under review, the import price, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. As a result, import price attained the peak level of $X per unit. From 2009 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2007 to 2020, the rate of growth in terms of prices for China amounted to -X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for luggage and handbags in the world?
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The country with the largest volume of luggage consumption was China (1.9B units), accounting for 29% of total volume. Moreover, luggage consumption in China exceeded the figures recorded by the second-largest consumer, Japan (411M units), fivefold. The U.S. (315M units) ranked third in terms of total consumption with a 4.9% share.
What are the largest producers of luggage and handbags in the world?
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The country with the largest volume of luggage production was China (3.7B units), comprising approx. 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 Nigeria?
+
In value terms, China ($132M) constituted the largest supplier of luggage to Nigeria.
What are the leading importers of luggage and handbags from Nigeria?
+
In value terms, Switzerland ($13K), Italy ($9.1K) and the U.S. ($7.1K) appeared to be the largest markets for luggage exported from Nigeria worldwide, with a combined 58% share of total exports.
What is the average export price for luggage and handbags in Nigeria?
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The average luggage export price stood at $2 per unit in 2020, which is down by -11.9% against the previous year.
What is the average import price for luggage and handbags in Nigeria?
+
In 2020, the average luggage import price amounted to $3.4 per unit, approximately equating 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 Nigeria. 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:
• Nigeria

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Nigeria
• 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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