In recent years, the global luggage and bag market has witnessed a trend towards diversification and personalization. As a leading producer and exporter of luggage and bags, China holds a significant position in this development. By carefully analyzing customs data, we can understand the export trends of luggage and bag products, which offers valuable references for relevant enterprises when formulating their strategies.
1. Luggage and travel goods, with outer surface of leather or reconstituted leather (42021190)
These products have shown a certain trend of fluctuation from 2022 to 2024, with the monthly average export gradually declining.
The trade export partners of these products are Malaysia, the United States, and Hong Kong. Among them, the export value to Malaysia has always been significantly than that to other countries, showing a growth trend from 2022 to 2023, but it has declined somewhat in 2024. Other major trading export partners are the United States and Hong Kong, which have relatively slow growth.
In terms of exports, Guangdong has always been far of Zhejiang, and the average price of these products has also been higher than Zhejiang. But in recent years, this trend has declined.
The export has gradually declined, and the decrease in export volume and the increase in unit have reflected the intensification of market competition and consumers’ higher pursuit of product quality, which has prompted enterprises to increase R&D investment, improve product design and process level, and meet demand.
2. Luggage, handbags, briefcases, schoolbags and similar containers with plastic or textile material as the surface (4201290)
From 2022 to 2024, the monthly average export volume of this product far exceeded other types of products. In 023, the average export value increased significantly, while in 2024, it decreased somewhat. This product enjoys great popularity in the US market, with its export value far outstripping that of other trading partners.
The export volumes between Guangdong and Zhejiang provinces have been relatively close, yet Guangdong has consistently maintained the lead. However, in 2024, Zhejiang’s exports exceeded those of Guangdong. In terms of average price, there is no particularly obvious fluctuation.
This type of product has a strong market demand, which may be attributed to the advantages of plastic and textile materials because of light weight, durability, and low cost. These advantages enable it to occupy an important position in the luggage and bag market. However, under the influence of factors like the intensifying market competition, a market decline has occurred.
3. Other similar containers with plastic sheet or textile material as the surface (42029200)
The monthly average export value of this product has demonstrated a relatively stable growth trend. The United States serves as the primary export partner for this product. However, after hitting its peak value in 2023, the export value to the US has shown a downward tendency. Meanwhile, the export value to Japan has been steadily on the rise.
In terms of export value, Guangdong Province takes the lead. Nevertheless, its average price is higher than that of Zhejiang Province. In contrast, both the average price and export volume of Zhejiang Province remain relatively stable. This trend shows that the category has strong competitiveness in the market and stable consumer demand.
4. Luggage and bags with other materials as the surface (42021900)
From 2022 to 2024, the export value of this product decreased year by year. In 2022, the monthly average export value was relatively high.
When it comes to export trading partners, there has been significant volatility. For instance, the export value to Belgium has been growing steadily. Malaysia, which was the most crucial trading partner in 2023, has seen a gradual decline. In Australia, the export value soared in 2023 but then dropped rapidly.
Guangdong Province has a greater export volume and higher export value compared to Zhejiang Province. Still, in Guangdong Province, both the average price and the export value have been dropping rapidly. This trend suggests that this product category might encounter some challenges in the marketplace. Issues like a lack of product innovation, mounting cost pressures, and shifts in consumer demand have caused its market share to gradually dwindle. As a result, companies must step up product innovation and expand their market reach to deal with the pressures emerging from market competition.
5. Conclusion
To sum up, the luggage and bag products from China display robust competitiveness and promising market outlooks in the global market. Every product category, owing to its distinct features and benefits, caters to the diverse demands of different consumers.
In the realm of export trade, China’s commercial interactions with various nations are growing ever closer. At the same time, it is confronted with a multitude of challenges and opportunities. Zhejiang and Guangdong, the two prominent export – focused provinces, each possess their own unique traits, offering substantial support for the development of the industry.
Looking ahead, the Chinese luggage and bag industry should further intensify innovation, enhance product quality, and broaden its market reach to realize more sustainable development.
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