Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in China - 2024
Contents:
- Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in China (CIF) - 2024
- Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in China (FOB) - 2022
- Imports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in China
- Exports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in China
Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in China (CIF) - 2024
In December 2023, the average import price for handbags with outer surface of leather, composition leather, or patent leathers amounted to $492 per unit, shrinking by -1.8% against the previous month. In general, the import price recorded a perceptible reduction. The most prominent rate of growth was recorded in July 2023 an increase of 25% m-o-m. Over the period under review, average import prices attained the peak figure at $647 per unit in April 2023; however, from May 2023 to December 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was France ($2,117 per unit), while the price for India ($91.2 per unit) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Myanmar (+13.0%), 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 China (FOB) - 2022
In 2022, the average export price for handbags with outer surface of leather, composition leather, or patent leathers amounted to $16 per unit, increasing by 7.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 12%. The export price peaked at $18 per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($22 per unit), while the average price for exports to Mexico ($9.5 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 Kyrgyzstan (+11.1%), 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 China
After three years of growth, purchases abroad of handbags with outer surface of leather, composition leather, or patent leathers decreased by -27.6% to 5.4M units in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 22%. As a result, imports reached the peak of 7.5M units, and then fell rapidly in the following year.
In value terms, imports of handbags with outer surface of leather, composition leather, or patent leathers fell to $2.6B in 2022. Overall, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 54%. As a result, imports reached the peak of $3B, and then fell in the following year.
| Import of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 766 | 988 | 1,482 | 1,267 | 18.3% |
| France | 343 | 525 | 985 | 906 | 38.2% |
| Vietnam | 146 | 157 | 154 | 96.5 | -12.9% |
| Cambodia | 22.5 | 43.9 | 73.0 | 62.2 | 40.3% |
| United States | 38.5 | 19.6 | 17.5 | 29.5 | -8.5% |
| Indonesia | 27.7 | 22.9 | 28.9 | 23.8 | -4.9% |
| Philippines | 33.7 | 17.1 | 27.6 | 19.4 | -16.8% |
| Bangladesh | 25.6 | 21.8 | 37.6 | 19.1 | -9.3% |
| Others | 119 | 191 | 243 | 212 | 21.2% |
| Total | 1,522 | 1,986 | 3,048 | 2,636 | 20.1% |
Top Suppliers of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather to China in 2022:
- Italy (1275.1K units)
- Vietnam (1031.0K units)
- Cambodia (687.4K units)
- France (447.4K units)
- Philippines (250.9K units)
- Indonesia (239.1K units)
- United States (187.9K units)
- Bangladesh (156.8K units)
Exports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in China
In 2022, exports of handbags with outer surface of leather, composition leather, or patent leathers from China contracted to 87M units, waning by -5.8% against 2021 figures. In general, exports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 4.8%. The exports peaked at 94M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of handbags with outer surface of leather, composition leather, or patent leathers reached $1.4B in 2022. Over the period under review, exports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 10% against the previous year. The exports peaked at $1.5B in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 180 | 72.2 | 98.0 | 120 | -12.6% |
| Japan | 48.9 | 88.2 | 68.1 | 77.1 | 16.4% |
| India | 25.0 | 27.1 | 65.5 | 69.9 | 40.9% |
| Saudi Arabia | 71.3 | 58.3 | 59.1 | 54.5 | -8.6% |
| Malaysia | 23.6 | 22.8 | 22.8 | 51.0 | 29.3% |
| United Arab Emirates | 40.4 | 31.0 | 48.1 | 50.3 | 7.6% |
| Mexico | 19.7 | 13.2 | 56.2 | 48.5 | 35.0% |
| Brazil | 53.7 | 33.5 | 33.6 | 46.0 | -5.0% |
| Philippines | 31.8 | 21.0 | 27.5 | 43.8 | 11.3% |
| Thailand | 23.9 | 33.5 | 33.8 | 43.2 | 21.8% |
| Indonesia | 15.3 | 44.4 | 30.8 | 40.0 | 37.8% |
| Kyrgyzstan | 34.7 | 17.4 | 26.2 | 39.4 | 4.3% |
| Russia | 28.0 | 17.9 | 25.9 | 22.1 | -7.6% |
| Others | 874 | 729 | 740 | 645 | -9.6% |
| Total | 1,471 | 1,209 | 1,335 | 1,351 | -2.8% |
Top Export Markets for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather from China in 2022:
- United States (5.8M units)
- Mexico (5.1M units)
- India (4.3M units)
- Philippines (4.0M units)
- Brazil (3.8M units)
- Saudi Arabia (3.5M units)
- Japan (3.5M units)
- Thailand (3.3M units)
- Malaysia (3.2M units)
- United Arab Emirates (3.1M units)
- Kyrgyzstan (2.7M units)
- Indonesia (2.2M units)
- Russia (2.1M units)
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