The European sold production of handbags is dominated by Italy, holding a significant 71.76% share, followed by France at 15.59%. Romania, Spain, and Estonia trail behind with shares of 6.12%, 5.39%, and 2.12% respectively. The United Kingdom, with a minor 0.21% share, and other countries collectively contribute to the rest. While notable declines in production were seen in Italy, Spain, and Bulgaria in 2023, Estonia saw a substantial increase. Bosnia and Herzegovina also exhibited positive growth.
Future trends to watch include Italy's potential strategies to address its declining share, the continued growth of Estonia in handbag production, and how geopolitical or economic changes might affect countries like Romania and Spain. Innovation in materials and sustainable production practices may also shift the market dynamics.
Top countries in Sold Production of Handbags Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 71.76 | 2023 | +1.17% | -6.62% | View data |
| 2 | 2 France | 15.59 | 2023 | +7.02% | -1.17% | View data |
| 3 | 3 Romania | 6.12 | 2023 | -0.09% | -0.51% | View data |
| 4 | 4 Spain | 5.39 | 2023 | +1.94% | -6.55% | View data |
| 5 | 5 Estonia | 2.12 | 2023 | +29.36% | +33.32% | View data |
| 6 | 6 Poland | 1.25 | 2023 | +1.14% | +2.02% | View data |
| 7 | 7 Portugal | 0.58 | 2023 | -2.95% | -1.98% | View data |
| 8 | 8 United Kingdom | 0.21 | 2023 | -0.94% | -1.53% | View data |
| 9 | 9 Lithuania | 0.17 | 2023 | +0.98% | -0.27% | View data |
| 10 | 10 Serbia | 0.14 | 2023 | +4.71% | +4.19% | View data |
