Key Market Indicators
Filipina handbag exports are estimated to reach 5.6 million units by 2026, up from 4.6 million units in 2021. This translates to an average annual growth rate of 3.2%. Since 2005, supplies have decreased by 6.6% each year. Meanwhile, imports of handbags in the Philippines are projected to reach 2.2 million units by 2026, down from 2.3 million units in 2021. This translates to an average annual decline of 1.4%. The demand for handbags has decreased by 13.7% annually since 2005.