Italy dominates European sold production of luggage and handbags, contributing 68.87% of units, followed distantly by France at 10.85% and Spain at 6.72%. The sector has experienced fluctuations, with Italy and France showing slight contractions in 2023, while Estonia and Finland displayed significant growth. Conversely, Germany and Portugal faced notable declines. Over a five-year period, the industry's CAGR suggests modest growth, with variations highlighting shifting dynamics across the region.
Looking ahead, key trends include potential growth in Eastern European markets and technological advancements in materials. Sustainable practices might shape production methods, affecting overall industry development.
Top countries in Sold Production of Luggage, Handbags of Leather, Composition of Leather, Plastic Sheeting, Textile Materials, Vulcanised Fibre or Paperboard Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 68.87 | 2023 | +1.93% | -1.81% | View data |
| 2 | 2 France | 10.85 | 2023 | +4.39% | -1.88% | View data |
| 3 | 3 Spain | 6.72 | 2023 | -0.42% | -4.46% | View data |
| 4 | 4 Romania | 4.36 | 2023 | -0.24% | -0.24% | View data |
| 5 | 5 Poland | 1.86 | 2023 | +0.88% | +1.1% | View data |
| 6 | 6 Estonia | 1.51 | 2023 | +21.83% | +28.52% | View data |
| 7 | 7 United Kingdom | 1.19 | 2023 | +4.01% | +6.1% | View data |
| 8 | 8 Hungary | 1.04 | 2023 | +0.25% | -2.89% | View data |
| 9 | 9 Serbia | 0.79 | 2023 | +4.94% | +4.35% | View data |
| 10 | 10 Germany | 0.61 | 2023 | -14.84% | -7.21% | View data |
