The European luggage, handbags, saddlery, and harness production value reveals significant regional disparities, with Italy leading at 9.99 billion Euros in 2023, followed by France at 7.6 billion Euros. Other countries like Spain and the United Kingdom follow at a much lower scale. Notable year-on-year growth was observed in Bosnia and Herzegovina, France, and Macedonia, while Germany, Slovakia, and Latvia experienced declines. Over the longer term, Belgium and Macedonia exhibit robust growth trends, contrasting with Iceland's noticeable contraction.
Future trends to watch include potential growth in newer markets aspiring to expand their production, and possible shifts in traditional manufacturing hubs like Germany, reflecting evolving economic or environmental factors.
Top countries in Luggage, Handbags, Saddlery, Harness Production Value by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 9,990 | 2023 | +7.8% | +2.14% | View data |
| 2 | 2 France | 7,600 | 2023 | +10.6% | +8.16% | View data |
| 3 | 3 Spain | 1,020 | 2023 | +10.09% | +6.38% | View data |
| 4 | 4 United Kingdom | 568 | 2023 | +3.67% | +2.62% | View data |
| 5 | 5 Hungary | 557.7 | 2023 | +12.54% | +3.17% | View data |
| 6 | 6 Poland | 411.6 | 2023 | +2.92% | +1.46% | View data |
| 7 | 7 Germany | 216.7 | 2023 | -6.19% | -8.38% | View data |
| 8 | 8 Romania | 200.7 | 2023 | +9.67% | +3.46% | View data |
| 9 | 9 Portugal | 101.3 | 2023 | +8% | +4.42% | View data |
| 10 | 10 Bosnia and Herzegovina | 61.6 | 2023 | +15.57% | +8.48% | View data |
