In 2023, the value of the re-import of trunks and suitcases with an outer surface of leather to China was the baseline for the subsequent forecasts. From 2024 to 2028, projections show a continuous upward trend, indicating a steady annual increase in the market size. The year-on-year growth from 2024 to 2028 demonstrates a compound annual growth rate (CAGR) that captures consistent expansion within this segment.
Future trends to watch for include:
- Changes in consumer travel and purchasing patterns that may impact demand.
- Impact of global economic conditions on luxury goods re-importation.
- Shifts in China’s trade and tariff policies affecting the luxury goods market.
- Advancements in materials technology that could influence product preference.
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