Africa: Luggage Market 2024

Luggage Market Size in Africa

In 2023, the African luggage market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, showed a mild slump. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Luggage Production in Africa

In value terms, luggage production reduced modestly to $X in 2023 estimated in export price. In general, production showed a noticeable decline. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Luggage Exports

Exports in Africa

In 2023, the amount of luggage and handbags exported in Africa contracted remarkably to X units, falling by X% against 2022 figures. In general, exports saw a pronounced curtailment. The pace of growth appeared the most rapid in 2022 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, luggage exports rose significantly to $X in 2023. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, South Africa (X units) was the largest exporter of luggage and handbags, comprising X% of total exports. It was distantly followed by Morocco (X units), Mauritius (X units), Tunisia (X units) and Rwanda (X units), together constituting a X% share of total exports. The following exporters - Madagascar (X units) and Ethiopia (X units) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to luggage exports from South Africa stood at X%. At the same time, Ethiopia (X%), Morocco (X%) and Madagascar (X%) displayed positive paces of growth. Moreover, Ethiopia emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. By contrast, Mauritius (X%), Tunisia (X%) and Rwanda (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.), Morocco (X p.p.) and Ethiopia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Tunisia (X p.p.) and Rwanda (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X), Tunisia ($X) and South Africa ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Mauritius, Ethiopia, Rwanda and Madagascar lagged somewhat behind, together comprising a further X%.

Ethiopia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Africa amounted to $X per unit, growing by X% against the previous year. Export price indicated tangible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, luggage export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the export prices hit record highs in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Tunisia ($X per unit), while Rwanda ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Rwanda (X%), while the other leaders experienced more modest paces of growth.

Luggage Imports

Imports in Africa

Luggage imports soared to X units in 2023, increasing by X% against 2022 figures. Total imports indicated a strong increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, luggage imports declined modestly to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2022 when imports increased by X%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2023, Egypt (X units) and South Africa (X units) were the main importers of luggage and handbags in Africa, together committing X% of total imports. It was distantly followed by Ethiopia (X units), mixing up a X% share of total imports. Guinea (X units), Tanzania (X units), Libya (X units), Algeria (X units), Angola (X units), Morocco (X units) and Kenya (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Egypt (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Morocco ($X) and Algeria ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports. Egypt, Guinea, Libya, Angola, Ethiopia, Tanzania and Kenya lagged somewhat behind, together comprising a further X%.

Guinea, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Africa amounted to $X per unit, declining by X% against the previous year. Overall, the import price saw a noticeable curtailment. The pace of growth was the most pronounced in 2022 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Morocco ($X per unit), while Egypt ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Algeria (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform