MERCOSUR: Luggage Market 2024

Luggage Market Size in MERCOSUR

In 2023, the MERCOSUR luggage market increased by less than X% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, continues to indicate a noticeable decline. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Luggage Production in MERCOSUR

In value terms, luggage production shrank to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2023, production growth failed to regain momentum.

Luggage Exports

Exports in MERCOSUR

In 2023, overseas shipments of luggage and handbags decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Overall, exports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, luggage exports soared to $X in 2023. Over the period under review, exports recorded a perceptible slump. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Brazil was the largest exporter of luggage and handbags in MERCOSUR, with the volume of exports finishing at X units, which was near X% of total exports in 2023. Colombia (X units) held the second position in the ranking, followed by Chile (X units) and Peru (X units). All these countries together took near X% share of total exports. The following exporters - Ecuador (X units) and Argentina (X units) - each finished at a X% share of total exports.

Brazil was also the fastest-growing in terms of the luggage and handbags exports, with a CAGR of X% from 2012 to 2023. Ecuador (X%), Chile (X%), Colombia (X%), Peru (X%) and Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Brazil increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest luggage supplying countries in MERCOSUR were Chile ($X), Brazil ($X) and Colombia ($X), with a combined X% share of total exports.

Brazil, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per unit, rising by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The level of export peaked at $X per unit in 2016; however, from 2017 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Chile ($X per unit), while Ecuador ($X per unit) was amongst the lowest.

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

Luggage Imports

Imports in MERCOSUR

In 2023, approx. X units of luggage and handbags were imported in MERCOSUR; surging by X% against 2022. In general, imports, however, continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, luggage imports contracted slightly to $X in 2023. Overall, imports, however, recorded a mild downturn. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

Brazil represented the largest importer of luggage and handbags in MERCOSUR, with the volume of imports amounting to X units, which was approx. X% of total imports in 2023. Chile (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (X%) and Peru (X%). Argentina (X units), Uruguay (X units) and Venezuela (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to luggage imports into Brazil stood at X%. At the same time, Chile (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. Uruguay experienced a relatively flat trend pattern. By contrast, Colombia (X%), Peru (X%), Argentina (X%) and Venezuela (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Chile increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported luggage and handbags in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

In Brazil, luggage imports contracted by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Chile (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per unit, with a decrease of X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Argentina ($X per unit), while Chile ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform