Key Market Indicators
Indian imports of handbags saw a sharp drop of 36.5% in 2021 compared to the previous year, reaching 347,770 units. This marked the lowest level since 1998, when it had plummeted by 46.9%. Meanwhile, exports of handbags are projected to rise by 1.1% year on year, with a CAGR of 20,541,000 units by 2026. This is an increase of 2% since 1993.