Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Australia - 2024
Contents:
- Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Australia (CIF) - 2024
- Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Australia (FOB) - 2022
- Imports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Australia
- Exports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Australia
Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Australia (CIF) - 2024
In January 2024, the average import price for handbags with outer surface of leather, composition leather, or patent leathers amounted to $161 per unit, which is down by -33.1% against the previous month. Overall, the import price saw a noticeable slump. The pace of growth was the most pronounced in October 2023 an increase of 66% m-o-m. The import price peaked at $240 per unit in December 2023, and then declined significantly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was France ($2,392 per unit), while the price for India ($26.5 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Bangladesh (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Australia (FOB) - 2022
The average export price for handbags with outer surface of leather, composition leather, or patent leathers stood at $165 per unit in 2022, with an increase of 123% against the previous year. Over the period under review, the export price continues to indicate a pronounced increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 229% against the previous year. The export price peaked at $254 per unit in 2018; however, from 2019 to 2022, 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 Singapore ($738 per unit), while the average price for exports to the United States ($43 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 Hong Kong SAR (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Australia
Imports of handbags with outer surface of leather, composition leather, or patent leathers into Australia soared to 2.7M units in 2022, jumping by 21% on the year before. The total import volume increased at an average annual rate of +5.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, imports of handbags with outer surface of leather, composition leather, or patent leathers skyrocketed to $437M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +11.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.7% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 27%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 151 | 133 | 155 | 186 | 7.2% |
| China | 28.5 | 20.1 | 25.3 | 33.1 | 5.1% |
| India | 15.7 | 11.9 | 18.2 | 22.8 | 13.2% |
| Vietnam | 8.3 | 12.4 | 10.9 | 11.9 | 12.8% |
| Bangladesh | 8.8 | 5.3 | 4.6 | 6.9 | -7.8% |
| Cambodia | 2.6 | 3.0 | 6.1 | 5.7 | 29.9% |
| Pakistan | 0.8 | 0.9 | 1.9 | 2.1 | 37.9% |
| Others | 98.6 | 95.5 | 137 | 168 | 19.4% |
| Total | 314 | 282 | 359 | 437 | 11.6% |
Top Suppliers of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather to Australia in 2022:
- China (903.2K units)
- India (785.2K units)
- Italy (233.2K units)
- Bangladesh (204.6K units)
- Vietnam (165.3K units)
- Pakistan (104.3K units)
- Cambodia (85.1K units)
Exports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Australia
In 2022, the amount of handbags with outer surface of leather, composition leather, or patent leathers exported from Australia shrank markedly to 141K units, waning by -44.4% on the year before. Overall, exports, however, saw prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 226% against the previous year. As a result, the exports reached the peak of 254K units, and then dropped markedly in the following year.
In value terms, exports of handbags with outer surface of leather, composition leather, or patent leathers skyrocketed to $23M in 2022. In general, exports, however, saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 79% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 3.6 | 4.0 | 5.2 | 7.1 | 25.4% |
| New Zealand | 1.9 | 1.3 | 2.3 | 3.4 | 21.4% |
| Italy | 0.3 | 2.7 | 2.9 | 3.2 | 120.1% |
| Hong Kong SAR | 1.7 | 3.3 | 2.5 | 2.8 | 18.1% |
| United States | 0.1 | 0.7 | 0.8 | 1.0 | 115.4% |
| United Kingdom | 0.5 | 0.5 | 0.9 | 0.6 | 6.3% |
| Japan | 0.1 | 0.5 | 0.4 | 0.6 | 81.7% |
| Malaysia | 0.1 | 0.1 | 0.1 | 0.5 | 71.0% |
| China | 0.6 | 2.5 | 1.0 | 0.2 | -30.7% |
| Fiji | 0.2 | 0.1 | N/A | N/A | -50.0% |
| Others | 0.9 | 2.2 | 2.6 | 4.0 | 64.4% |
| Total | 10.0 | 17.9 | 18.8 | 23.3 | 32.6% |
Top Export Markets for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather from Australia in 2022:
- New Zealand (78.6K units)
- United States (24.1K units)
- Italy (10.1K units)
- Singapore (9.5K units)
- United Kingdom (8.4K units)
- Hong Kong SAR (8.2K units)
- Japan (3.9K units)
- Malaysia (2.9K units)
- China (0.9K units)
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