The European production of luggage and handbags, predominantly led by Italy, saw Italy valued at 4.2303 billion Euros, marked by a 6.46% increase from 2023. France and Spain followed, with France at 1.6911 billion Euros (1.13% increase) and Spain at 0.79506 billion Euros (3.92% increase). Noteworthy growth occurred in Serbia (25.12%) and Bosnia and Herzegovina (39.88%), indicating potential growth markets. However, Greece and Denmark faced decreases of 13.53% and 7.47%, respectively.
Future trends to monitor in Europe include shifts in consumer preferences towards sustainable materials and luxury goods, potentially benefiting countries with established leather craftsmanship and luxury brand recognition, like Italy and France. Additionally, digitalization of supply chains and e-commerce growth could influence production dynamics across the region.
Top countries in Sold Production of Luggage, Handbags of Leather, Composition of Leather, Plastic Sheeting, Textile Materials, Vulcanised Fibre or Paperboard by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 4,230,300,000 | 2023 | +11.06% | +6.46% | View data |
| 2 | 2 France | 1,691,100,000 | 2023 | +2.22% | +1.13% | View data |
| 3 | 3 Spain | 795,060,000 | 2023 | +12.65% | +3.92% | View data |
| 4 | 4 Romania | 167,950,000 | 2023 | +2.62% | +2.98% | View data |
| 5 | 5 Germany | 122,230,000 | 2023 | +0.23% | +1.92% | View data |
| 6 | 6 Hungary | 95,228,000 | 2023 | +3.62% | +0.26% | View data |
| 7 | 7 United Kingdom | 84,371,000 | 2023 | -1.39% | +5.77% | View data |
| 8 | 8 Portugal | 42,374,000 | 2023 | +6.05% | +1.59% | View data |
| 9 | 9 Poland | 24,346,000 | 2023 | +0.3% | +1.61% | View data |
| 10 | 10 Czechia | 16,872,000 | 2023 |
