Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Hong Kong SAR - 2023
Contents:
- Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Hong Kong SAR (FOB) - 2022
- Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Hong Kong SAR (CIF) - 2023
- Exports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Hong Kong SAR
- Imports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Hong Kong SAR
Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for handbags with outer surface of leather, composition leather, or patent leathers amounted to $160 per unit, rising by 25% against the previous year. Over the period under review, the export price posted a buoyant expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by 33% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($1,078 per unit), while the average price for exports to the UK ($20 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 Japan (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Hong Kong SAR (CIF) - 2023
In November 2023, the average import price for handbags with outer surface of leather, composition leather, or patent leathers amounted to $89.0 per unit, falling by -15.8% against the previous month. In general, the import price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in February 2023 when the average import price increased by 28% m-o-m. As a result, import price reached the peak level of $223 per unit. From March 2023 to November 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was France ($1,237 per unit), while the price for China ($14.7 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Cambodia (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Hong Kong SAR
Exports of handbags with outer surface of leather, composition leather, or patent leathers from Hong Kong SAR fell markedly to 9.8M units in 2022, reducing by -30.5% on 2021 figures. Overall, exports recorded a deep setback. The smallest decline of -0.6% was in 2021. Over the period under review, the exports of attained the peak figure at 16M 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 dropped to $1.6B in 2022. In general, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by 1.3% against the previous year. Over the period under review, the exports of hit record highs at $2B in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 111 | 49.7 | 437 | 413 | 55.0% |
| Macao SAR | 301 | 195 | 406 | 330 | 3.1% |
| China | 758 | 1,024 | 480 | 308 | -25.9% |
| Taiwan (Chinese) | 88.6 | 94.3 | 119 | 122 | 11.3% |
| Japan | 93.1 | 43.4 | 53.6 | 66.0 | -10.8% |
| United States | 133 | 83.4 | 85.3 | 62.3 | -22.3% |
| Singapore | 41.4 | 15.3 | 15.2 | 36.3 | -4.3% |
| Italy | 61.1 | 30.1 | 34.3 | 33.0 | -18.6% |
| Australia | 43.7 | 33.0 | 31.3 | 32.4 | -9.5% |
| France | 43.0 | 33.1 | 21.2 | 29.8 | -11.5% |
| Malaysia | 11.5 | 10.5 | 7.9 | 17.5 | 15.0% |
| Netherlands | 31.5 | 38.5 | 22.6 | 9.9 | -32.0% |
| United Kingdom | 33.6 | 29.9 | 20.1 | 8.1 | -37.8% |
| Others | 213 | 107 | 76.9 | 104 | -21.3% |
| Total | 1,963 | 1,788 | 1,811 | 1,572 | -7.1% |
Top Export Markets for Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather from Hong Kong SAR in 2022:
- China (2154.6K units)
- United States (1900.0K units)
- France (1057.9K units)
- Japan (643.6K units)
- Italy (488.2K units)
- United Kingdom (401.0K units)
- Macao SAR (397.8K units)
- South Korea (383.4K units)
- Taiwan (Chinese) (375.2K units)
- Australia (329.5K units)
- Netherlands (302.1K units)
- Singapore (217.8K units)
- Malaysia (178.6K units)
Imports of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Hong Kong SAR
In 2022, imports of handbags with outer surface of leather, composition leather, or patent leathers into Hong Kong SAR contracted remarkably to 7.9M units, which is down by -34.7% against 2021. In general, imports showed a dramatic downturn. The growth pace was the most rapid in 2021 when imports increased by 17%. Over the period under review, imports of attained the peak figure at 22M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of handbags with outer surface of leather, composition leather, or patent leathers declined to $1.5B in 2022. Over the period under review, imports recorded a deep contraction. The growth pace was the most rapid in 2021 with an increase of 21% against the previous year. Imports peaked at $1.9B in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 492 | 418 | 598 | 599 | 6.8% |
| Italy | 560 | 332 | 428 | 411 | -9.8% |
| China | 347 | 199 | 264 | 169 | -21.3% |
| South Korea | 9.8 | 85.6 | 47.4 | 81.4 | 102.5% |
| Switzerland | 268 | 142 | 117 | 41.4 | -46.3% |
| Vietnam | 30.0 | 23.2 | 22.5 | 18.9 | -14.3% |
| Cambodia | 10.1 | 12.2 | 16.3 | 17.4 | 19.9% |
| Indonesia | 7.5 | 6.7 | 4.9 | 4.1 | -18.2% |
| Bangladesh | 4.3 | 1.1 | 4.1 | 2.9 | -12.3% |
| Others | 198 | 205 | 220 | 199 | 0.2% |
| Total | 1,926 | 1,426 | 1,721 | 1,544 | -7.1% |
Top Suppliers of Handbags with Outer Surface of Leather, Composition Leather, or Patent Leather to Hong Kong SAR in 2022:
- China (6.7M units)
- Italy (0.7M units)
- Cambodia (0.4M units)
- France (0.4M units)
- Vietnam (0.4M units)
- South Korea (0.3M units)
- Bangladesh (0.2M units)
- Indonesia (0.2M units)
- Switzerland (0.1M units)
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