Romania: Luggage Market 2024

Luggage Market Size in Romania

In 2023, the Romanian luggage market increased by X% to $X, rising for the third year in a row after two years of decline. In general, the total consumption indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. Over the period under review, the market reached the peak level in 2023 and is likely to continue growth in the near future.

Luggage Production in Romania

In value terms, luggage production totaled $X in 2023 estimated in export price. Overall, production saw a abrupt downturn. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2023, production growth failed to regain momentum.

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Luggage Exports

Exports from Romania

Luggage exports from Romania reached X units in 2023, increasing by X% on the previous year's figure. In general, exports, however, continue to indicate a perceptible descent. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2023, the growth of the exports remained at a lower figure.

In value terms, luggage exports surged to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X units), France (X units) and Germany (X units) were the main destinations of luggage exports from Romania, with a combined X% share of total exports. Bulgaria, Spain, Poland, the UK, Moldova, Hungary and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the key foreign market for luggage and handbags exports from Romania, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Germany (X% per year).

Export Prices by Country

The average luggage export price stood at $X per unit in 2023, growing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2023, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Luggage Imports

Imports into Romania

In 2023, approx. X units of luggage and handbags were imported into Romania; growing by X% compared with the previous year. Overall, imports, however, showed a noticeable decrease. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, luggage imports rose sharply to $X in 2023. Over the period under review, imports enjoyed a buoyant expansion. 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 attained the peak figure in 2023 and are expected to retain growth in the near future.

Imports by Country

In 2023, China (X units) constituted the largest luggage supplier to Romania, with a X% share of total imports. Moreover, luggage imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), threefold. The third position in this ranking was held by Italy (X units), with a X% share.

From 2012 to 2023, 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: Poland (X% per year) and Italy (X% per year).

In value terms, the largest luggage suppliers to Romania were Italy ($X), China ($X) and Poland ($X), together accounting for X% of total imports. Germany, the Netherlands, France, Spain, the Czech Republic, Hungary, Turkey, Slovakia and Vietnam lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, the Netherlands, 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 2023, the average luggage import price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the import price recorded prominent growth. The growth pace was the most rapid in 2016 when the average import price increased by X%. The import price peaked in 2023 and is expected to retain growth in years to come.

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

From 2012 to 2023, 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