Russian Federation: Luggage Market 2024

Luggage Market Size in the Russian Federation

The Russian luggage market expanded significantly to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, recorded a abrupt contraction. Luggage consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Luggage Production in the Russian Federation

In value terms, luggage production rose remarkably to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

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Luggage Exports

Exports from the Russian Federation

After three years of growth, overseas shipments of luggage and handbags decreased by X% to X units in 2022. Over the period under review, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X units, and then contracted remarkably in the following year.

In value terms, luggage exports fell to $X in 2022. In general, exports, however, saw prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

Kazakhstan (X units) was the main destination for luggage exports from Russia, with a X% share of total exports. Moreover, luggage exports to Kazakhstan exceeded the volume sent to the second major destination, Armenia (X units), eightfold. The third position in this ranking was taken by France (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Kazakhstan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (X% per year) and France (X% per year).

In value terms, France ($X), Kazakhstan ($X) and Armenia ($X) were the largest markets for luggage exported from Russia worldwide, with a combined X% share of total exports.

France, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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

In 2022, the average luggage export price amounted to $X per unit, picking up by X% against the previous year. In general, the export price recorded buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Luggage Imports

Imports into the Russian Federation

In 2022, overseas purchases of luggage and handbags increased by X% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports, however, faced a abrupt contraction. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, luggage imports reduced to $X in 2022. In general, imports recorded a perceptible expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, China (X units) constituted the largest luggage supplier to Russia, accounting for a X% share of total imports. It was followed by South Korea (X units), with a X% share of total imports. Italy (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Italy (X% per year).

In value terms, China ($X) constituted the largest supplier of luggage and handbags to Russia, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Kyrgyzstan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Kyrgyzstan (X% per year).

Import Prices by Country

In 2022, the average luggage import price amounted to $X per unit, declining by X% against the previous year. In general, the import price, however, recorded a strong increase. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per unit in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, 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

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