Eastern Europe: Luggage Market 2024

Luggage Market Size in Eastern Europe

The East European luggage market surged to $X in 2023, growing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a pronounced shrinkage. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Luggage Production in Eastern Europe

In value terms, luggage production rose sharply to $X in 2023 estimated in export price. In general, production recorded a slight decline. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2023, production growth remained at a somewhat lower figure.

Luggage Exports

Exports in Eastern Europe

In 2023, exports of luggage and handbags in Eastern Europe stood at X units, growing by X% on 2022 figures. Total exports indicated a tangible 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, exports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The volume of export peaked at X units in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, luggage exports soared to $X in 2023. Total exports indicated prominent growth from 2012 to 2023: its value 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, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2023, Poland (X units) represented the main exporter of luggage and handbags, mixing up X% of total exports. The Czech Republic (X units) took the second position in the ranking, followed by Hungary (X units), Slovakia (X units) and Romania (X units). All these countries together held approx. X% share of total exports. The following exporters - Bulgaria (X units) and Belarus (X units) - each amounted to a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to luggage exports from Poland stood at X%. At the same time, Belarus (X%), Slovakia (X%) and Bulgaria (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Romania (X%), Hungary (X%) and the Czech Republic (X%) illustrated a downward trend over the same period. While the share of Poland (X p.p.), Slovakia (X p.p.) and Belarus (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Romania (X p.p.), Hungary (X p.p.) and the Czech Republic (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest luggage supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by the Czech Republic ($X), with an X% share of total exports. It was followed by Romania, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Poland stood at X%. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and Romania (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per unit, rising by X% against the previous year. Export price indicated a measured increase 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 2021 indices. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of export peaked in 2023 and is likely to continue growth in the near future.

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

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

Luggage Imports

Imports in Eastern Europe

Luggage imports skyrocketed to X units in 2023, jumping by X% against the year before. Over the period under review, imports, however, recorded a mild descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked at X units in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, luggage imports skyrocketed to $X in 2023. Total imports indicated resilient growth from 2012 to 2023: its value 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. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the immediate term.

Imports by Country

In 2023, Russia (X units) and Poland (X units) were the main importers of luggage and handbags in Eastern Europe, together making up X% of total imports. It was distantly followed by the Czech Republic (X units), Romania (X units), Ukraine (X units) and Hungary (X units), together committing a X% share of total imports. Bulgaria (X units) held a little share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Hungary (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Poland ($X) and the Czech Republic ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports.

Poland, 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

The import price in Eastern Europe stood at $X per unit in 2023, dropping by X% against the previous year. Overall, the import price, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, import price attained the peak level of $X per unit, and then contracted in the following year.

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 the Czech Republic ($X per unit), while Ukraine ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform