Belgium - Handbags - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHandbag Price in Belgium - 2023
Contents:
- Handbag Price in Belgium (CIF) - 2022
- Handbag Price in Belgium (FOB) - 2023
- Handbag Imports in Belgium
- Handbag Exports in Belgium
Handbag Price in Belgium (CIF) - 2022
In 2022, the average handbag import price amounted to $17 per unit, growing by 33% against the previous year. In general, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, handbag import price increased by +56.1% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 40%. The import price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($73 per unit), while the price for Vietnam ($6.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Handbag Price in Belgium (FOB) - 2023
In August 2023, the average handbag export price amounted to $12.9 per unit, shrinking by -20.6% against the previous month. Over the period under review, the export price recorded a deep contraction. The most prominent rate of growth was recorded in January 2023 an increase of 46% m-o-m. The export price peaked at $24.3 per unit in August 2022; however, from September 2022 to August 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was Poland ($23.8 per unit), while the average price for exports to Spain ($5.4 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+1.3%), while the prices for the other major destinations experienced a decline.
Handbag Imports in Belgium
In 2022, supplies from abroad of handbags decreased by -52.9% to 8.5M units, falling for the second year in a row after two years of growth. Over the period under review, imports showed a noticeable setback. The most prominent rate of growth was recorded in 2020 with an increase of 112%. As a result, imports attained the peak of 20M units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, handbag imports contracted notably to $147M in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 51% against the previous year. Imports peaked at $235M in 2021, and then plummeted in the following year.
Import of Handbag in Belgium (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 71.1 | 106 | 109 | 63.2 | -3.9% |
China | 14.7 | 23.4 | 21.1 | 19.4 | 9.7% |
Italy | 16.3 | 26.2 | 27.8 | 17.2 | 1.8% |
Netherlands | 13.6 | 18.8 | 26.6 | 16.5 | 6.7% |
Germany | 6.5 | 10.6 | 12.8 | 7.4 | 4.4% |
India | 4.1 | 4.4 | 6.1 | 4.8 | 5.4% |
Spain | 5.3 | 8.5 | 7.9 | 4.0 | -9.0% |
Myanmar | 3.7 | 5.5 | 1.3 | 1.0 | -35.3% |
Others | 12.0 | 19.9 | 21.8 | 13.3 | 3.5% |
Total | 147 | 223 | 235 | 147 | 0.0% |
Top Suppliers of Handbag to Belgium in 2022:
- China (2988.3K units)
- Netherlands (1171.1K units)
- Germany (870.6K units)
- France (869.1K units)
- India (744.4K units)
- Italy (467.2K units)
- Spain (380.8K units)
- Myanmar (185.3K units)
Handbag Exports in Belgium
In 2022, shipments abroad of handbags decreased by -53.6% to 4.5M units, falling for the second consecutive year after two years of growth. Overall, exports, however, posted a resilient increase. The growth pace was the most rapid in 2020 when exports increased by 335% against the previous year. As a result, the exports attained the peak of 14M units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, handbag exports dropped sharply to $68M in 2022. Over the period under review, exports, however, continue to indicate pronounced growth. The most prominent rate of growth was recorded in 2020 when exports increased by 162%. The exports peaked at $204M in 2021, and then reduced sharply in the following year.
Export of Handbag in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 0.2 | 0.3 | 48.7 | 14.1 | 313.1% |
France | 15.4 | 39.7 | 33.0 | 11.1 | -10.3% |
Germany | 5.4 | 19.2 | 17.7 | 10.8 | 26.0% |
Italy | 7.8 | 13.6 | 15.2 | 4.3 | -18.0% |
Poland | 1.0 | 2.7 | 3.8 | 3.4 | 50.4% |
Japan | 8.8 | 14.5 | 14.2 | 2.9 | -30.9% |
Netherlands | 1.8 | 7.3 | 5.8 | 2.6 | 13.0% |
Spain | 0.8 | 2.9 | 2.2 | 2.5 | 46.2% |
Czech Republic | N/A | 0.8 | 0.3 | 1.4 | 32.3% |
Luxembourg | 0.9 | 7.8 | 4.7 | 1.3 | 13.0% |
United Kingdom | 6.2 | 9.9 | 5.3 | 1.3 | -40.6% |
Macao SAR | 0.2 | 1.1 | 2.0 | 1.3 | 86.6% |
Austria | 0.7 | 4.4 | 1.9 | 0.8 | 4.6% |
Others | 12.6 | 37.7 | 49.0 | 10.4 | -6.2% |
Total | 61.7 | 162 | 204 | 68.2 | 3.4% |
Top Export Markets for Handbag from Belgium in 2022:
- Germany (1258.8K units)
- France (974.8K units)
- Czech Republic (369.6K units)
- Italy (268.9K units)
- Poland (245.2K units)
- Spain (192.2K units)
- Austria (185.6K units)
- Netherlands (177.2K units)
- Canada (100.6K units)
- Luxembourg (93.3K units)
- Macao SAR (80.1K units)
- Japan (74.8K units)
- United Kingdom (36.2K units)
This report provides an in-depth analysis of the handbag market in Belgium. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 15121220 - Handbags of leather, composition leather, patent leather, p lastic sheeting, textile materials or other materials (including those without a handle)
Country coverage:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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