Turkey: Handbag Market 2024

Handbag Market Size in Turkey

The Turkish handbag market expanded slightly to $X in 2022, increasing by X% against the previous year. In general, the total consumption indicated a noticeable increase 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, consumption increased by X% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Handbag Production in Turkey

In value terms, handbag production shrank notably to $X in 2022 estimated in export price. In general, production posted strong growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Handbag production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Handbag Exports

Exports from Turkey

In 2022, exports of handbags from Turkey soared to X units, growing by X% compared with the previous year. In general, exports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, handbag exports rose markedly to $X in 2022. Over the period under review, total exports indicated temperate growth 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

Israel (X units), France (X units) and Iraq (X units) were the main destinations of handbag exports from Turkey, with a combined X% share of total exports. Libya, the Netherlands, Germany, Greece, the UK, Bulgaria, Italy, the United States, Kazakhstan and Spain lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Libya (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Italy ($X) and the United States ($X) appeared to be the largest markets for handbag exported from Turkey worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of X%, recorded the highest growth rate of the value of exports, 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 handbag export price amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price faced a abrupt slump. The most prominent rate of growth was recorded in 2017 when the average export price decreased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Iraq ($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 the Netherlands (X%), while the prices for the other major destinations experienced mixed trend patterns.

Handbag Imports

Imports into Turkey

In 2022, overseas purchases of handbags increased by X% to X units, rising for the second consecutive year after three years of decline. In general, imports, however, showed a abrupt decline. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, handbag imports soared to $X in 2022. Over the period under review, total imports indicated perceptible growth 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. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of handbag to Turkey, accounting for a X% share of total imports. Moreover, handbag imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), sixfold. The third position in this ranking was held by Myanmar (X units), 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: Malaysia (X% per year) and Myanmar (X% per year).

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

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

Import Prices by Country

The average handbag import price stood at $X per unit in 2022, rising by X% against the previous year. In general, the import price recorded a buoyant expansion. The growth pace was the most rapid in 2019 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

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

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

Source: IndexBox Platform

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