Handbags can be categorized by material, such as leather handbags, canvas handbags, and nylon handbags, each having unique features and advantages. Women's handbags come in a variety of styles and are often used as fashion accessories, while everyday bags like crossbody bags, bucket bags, and travel bags are also popular, and handbag collections are becoming increasingly trendy.
The major handbag brand markets globally include countries like China, Italy, and France, which have significant advantages in design, manufacturing, and brand promotion. According to the publisher's analysis, Vietnam has also become an important global production base for handbags in recent years, benefiting from its low labor costs and improving manufacturing capabilities, with annual increases in handbag export value.
Vietnam's production capacity for leather goods and textiles has been rapidly developing, and its handbag industry is also growing swiftly. Many internationally renowned brands have established production plants or subcontracted factories in Vietnam. The Vietnamese government has supported this growth through preferential policies and investment promotion, enhancing the competitiveness of handbags and alike products in the international market.
Vietnam-made cases and bags are recognized in international markets for their high quality and reasonable prices, with export volumes increasing yearly, becoming a vital part of Vietnam's foreign trade. The publisher data shows that the total export value of all types of cases and bags from Vietnam exceeded USD 3 billion in 2023, holding a significant position in the global market. Vietnam's achievements in this field have been remarkable, and it is expected to maintain its competitiveness in the international market in the future.
According to the publisher, Vietnam's total export value of handbags reached USD 940 million in 2023, including approximately USD 220 million in leather Handbags, and from January to May 2024, the export value of handbags was around USD 420 million. The main export destinations for Vietnamese handbags from 2021 to 2024 include the United States, South Korea, and Hong Kong, with key companies importing these products from Vietnam, such as SIMONE ACC COLLECTION, LTD, INTERNATIONAL BLANCO TRADING PTE LTD, and PARK INTERNATIONAL CO, LTD.
The publisher's analysis shows that foreign enterprises dominate among Vietnamese handbag exporters, especially international large-scale bag companies or brands that have established subsidiaries and subcontracted factories in Vietnam. Major exporters include CASABLANCA JSC, SIMONE Vietnam, and TBS GROUP.
Overall, due to Vietnam's numerous free trade agreements, along with the continuous improvement and development of its handbag industry in terms of quality, technology, and design, the export of Vietnamese handbags has significant opportunities and growth potential. The publisher expects the export of Vietnamese handbags to continue to grow in the coming years.
Topics covered:
- The Import and Export of Handbags in Vietnam (2021-2024)
- Total Export Volume and Percentage Change of Handbags in Vietnam (2021-2024)
- Total Export Value and Percentage Change of Handbags in Vietnam (2021-2024)
- Total Export Volume and Percentage Change of Handbags in Vietnam (January-May 2024)
- Total Export Value and Percentage Change of Handbags in Vietnam (January-May 2024)
- Average Export Price of Handbags in Vietnam (2021-2024)
- Top 10 Export Destinations for Vietnam Handbags and Their Import Volume
- Top 10 Suppliers in the Export Market of Handbags in Vietnam and Their Export Volume
- Top 10 Buyers in the Export Market of Handbags in Vietnam and Their Import Volume
- How to Find International Distributors and End Users of Handbags in Vietnam
- How Foreign Enterprises Enter the Handbags Export Market of Vietnam
- Forecast for the Export of Handbags in Vietnam (2024-2033)
Table of Contents
Companies Mentioned
- Simone Acc Collection Ltd.
- International Blanco Trading Pte Ltd.
- Park International Co Ltd.
- Casablanca Jsc
- Simone Vietnam
- Tbs Group
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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