Italy dominates the European sold production of luggage, handbags, saddlery, and harness with a significant share of 66.14% in 2023, despite a slight year-on-year decline of 2.07%. France follows with 12.11%, facing a minor decrease of 1.46%. Other key players like Spain and Germany are also experiencing reductions, with declines of 2.9% and 4.12%, respectively. On the contrary, countries like Estonia exhibit remarkable growth of 28.52%, although from a smaller base.
Looking forward, the sector may see a shift as smaller countries like Portugal, showing an 8.57% increase, and the United Kingdom, growing by 6.1%, could continue their upward trends. Factors influencing future trends include innovation, sustainability, and digital transformation, which will be vital for maintaining competitiveness and capturing market opportunities.
Top countries in Sold Production of Luggage, Handbags, Saddlery and Harness Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 66.14 | 2023 | +1.62% | -2.07% | View data |
| 2 | 2 France | 12.11 | 2023 | +5.9% | -1.46% | View data |
| 3 | 3 Spain | 6.86 | 2023 | +0.39% | -2.9% | View data |
| 4 | 4 Romania | 4.18 | 2023 | -0.14% | -0.29% | View data |
| 5 | 5 Germany | 1.9 | 2023 | +1.98% | -4.12% | View data |
| 6 | 6 Poland | 1.74 | 2023 | +0.28% | +0.94% | View data |
| 7 | 7 Estonia | 1.42 | 2023 | +21.83% | +28.52% | View data |
| 8 | 8 United Kingdom | 1.12 | 2023 | +4.01% | +6.1% | View data |
| 9 | 9 Hungary | 1.01 | 2023 | -0.81% | -5.92% | View data |
| 10 | 10 Portugal | 0.77 | 2023 | -0.93% | +8.57% | View data |
