Key Market Indicators
Handbag sales in Slovakia have dropped 17.8%, from 52.29 items in 2020 to 43 in 2021, a 50.6% decrease since 2006. Latvia has overtaken Slovakia as the 21st largest market for the product. France, Spain and Romania rank 2nd, 3rd and 4th respectively in this ranking. The export of Slovak handbags is expected to grow 1.9% year on year on average from 64,120 units in 2021 to 71,970 units by 2026. Since 2005, the supply of handbags has increased 11.3% year on year. Import of Slovak handbags is set to decrease 1.1% year on year on average from 141,930 units in 2021 to 133,020 units by 2026. Since 2005, the demand for handbags has grown 1.3% year on year.