Turkey: Luggage Market 2024

Luggage Market Size in Turkey

The Turkish luggage market soared to $X in 2023, increasing by X% against the previous year. In general, consumption, however, continues to indicate a abrupt decrease. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Luggage Production in Turkey

In value terms, luggage production expanded remarkably to $X in 2023 estimated in export price. Over the period under review, production enjoyed a prominent increase. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Luggage Exports

Exports from Turkey

In 2023, the amount of luggage and handbags exported from Turkey expanded significantly to X units, surging by X% against the previous year's figure. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the near future.

In value terms, luggage exports contracted to $X in 2023. In general, total exports indicated moderate growth 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, 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 reached the maximum at $X in 2022, and then shrank in the following year.

Exports by Country

The United States (X units) was the main destination for luggage exports from Turkey, accounting for a X% share of total exports. Moreover, luggage exports to the United States exceeded the volume sent to the second major destination, Japan (X units), threefold. Germany (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Germany (X% per year).

In value terms, the United States ($X), Germany ($X) and France ($X) appeared to be the largest markets for luggage exported from Turkey worldwide, with a combined X% share of total exports. Iraq, Saudi Arabia, Greece, Japan, China, Israel, Bulgaria, Canada, Kyrgyzstan and Brazil lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Brazil, with a CAGR of X%, saw 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 2023, the average luggage export price amounted to $X per unit, dropping by X% against the previous year. In general, the export price faced a abrupt contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Brazil ($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 Brazil (X%), while the prices for the other major destinations experienced a decline.

Luggage Imports

Imports into Turkey

In 2023, purchases abroad of luggage and handbags increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, imports enjoyed perceptible growth. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, luggage imports soared to $X in 2023. In general, imports enjoyed a tangible increase. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the near future.

Imports by Country

In 2023, China (X units) was the main luggage supplier to Turkey, with a X% share of total imports. It was followed by Malaysia (X units), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Hong Kong SAR (X% per year).

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

From 2012 to 2023, 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: Malaysia (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

In 2023, the average luggage import price amounted to $X per unit, waning by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2022 to 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform