Indonesia: Luggage Market 2024

Luggage Market Size in Indonesia

The Indonesian luggage market fell to $X in 2023, with a decrease of X% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt curtailment. As a result, consumption attained the peak level of $X. From 2015 to 2023, the growth of the market remained at a somewhat lower figure.

Luggage Production in Indonesia

In value terms, luggage production fell to $X in 2023 estimated in export price. In general, production recorded a mild setback. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2023, production growth remained at a somewhat lower figure.

Luggage Exports

Exports from Indonesia

In 2023, after two years of growth, there was significant decline in overseas shipments of luggage and handbags, when their volume decreased by X% to X units. Overall, exports, however, saw a measured increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at X units in 2022, and then shrank in the following year.

In value terms, luggage exports fell to $X in 2023. Over the period under review, exports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked at $X in 2022, and then contracted in the following year.

Exports by Country

The United States (X units) was the main destination for luggage exports from Indonesia, with a X% share of total exports. Moreover, luggage exports to the United States exceeded the volume sent to the second major destination, Italy (X units), threefold. Mexico (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Mexico (X% per year).

In value terms, the United States ($X) remains the key foreign market for luggage and handbags exports from Indonesia, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average luggage export price stood at $X per unit in 2023, declining by X% against the previous year. Overall, the export price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked at $X per unit in 2022, and then contracted modestly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Luggage Imports

Imports into Indonesia

In 2023, approx. X units of luggage and handbags were imported into Indonesia; with an increase of X% against 2022. In general, imports posted resilient growth. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, luggage imports fell notably to $X in 2023. Over the period under review, imports continue to indicate a moderate expansion. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2022, and then dropped significantly in the following year.

Imports by Country

In 2023, China (X units) was the main luggage supplier to Indonesia, with a X% share of total imports. It was followed by France (X units), with a X% share of total imports. The third position in this ranking was held by Hong Kong SAR (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Hong Kong SAR (X% per year).

In value terms, China ($X) constituted the largest supplier of luggage and handbags to Indonesia, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2023, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

In 2023, the average luggage import price amounted to $X per unit, shrinking by X% against the previous year. In general, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2022 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform