1. Global market scale:Data shows that from 2016 to 2019, the market scale of the global luggage industry fluctuated and increased, with a CAGR of 4.24%, reaching the highest value of $153.576 billion in 2019; In 2020, due to the impact of the epidemic, the market scale of the luggage industry decreased by 20.2% year on year. As the world enters the post-COVID-19 era, the luggage industry has also begun to recover. In 2021, the global market scale of the luggage industry exceeded $120 billion.
2. China LUGGAGE industry has been in the condition that exportation is much more than import for many years. Data from China Customs showed that in 2021, China imported $6.36 billion and exported $27.86 billion, with a trade surplus of $21.5 billion. The amount of imports and exports increased from 2020.
Amount of Import and Export of LUGGAGE in China from 2014 to 2021
3. China market mainly imported from Italy, France and other countries. We imported $2.719 billion of bags from Italy in 2021; China imported $1.863 billion of bags from France. The main reason is that Italy and France have been making all kinds of leather products such as bags since the Renaissance period, which has a long history, coupled with romantic sentiment and strong artistic atmosphere, and produced a large number of luxury bag brands, such as France's Louis Vuitton, Dior, Chanel, Hermes; Italy's PRADA, GUCCI, etc.
Source Countries of China Luggage in 2021
4. According to the data of China Customs, the main import provinces of China luggage are concentrated in the provinces and cities with better economic conditions. In terms of the amount of imported luggage, Shanghai occupies the absolute majority. The amount of imported luggage exceeds $5 billion in Shanghai in 2021, accounting for more than 78% of the total amount of imported luggage in China. Guangdong was followed by $278 million; $367 million in Hainan; $117 million in Beijing.
Major Import Provinces and Cities of Luggage in China in 2021
5. From the export amount of China luggage, the export destinations of China luggage are mainly concentrated in the United States, Japan, South Korea, the United Kingdom, Germany and other developed countries and regions in 2021. Among them, in 2021, the amount of our exports to the United States is $5.475 billion; Exports to Japan amounted to $ 2.251 billion; Exports to Korea amounted to $1.241 billion.
Mainly market of China Luggage exported in 2021
6. Export provinces and cities are mainly concentrated in Guangdong, Zhejiang, Shandong, Fujian, Hunan, Jiangsu area. Among them, Guangdong's export value was $8.38 billion, accounting for about 30% of the national export amount, followed by Zhejiang $4.92 billion; Shandong $2.73 billion; Fujian $2.65 billion.
Post time: Apr-12-2023