Pocket or handbag articles market in Spain

Earlier Report Observations

The Spanish market for pocket or handbag articles expanded in 2018 and 2019, supported by rising female employment and ongoing urbanization, which increased consumer demand. This growth was abruptly reversed in 2020 when the COVID-19 pandemic led consumers to withdraw from the market, disrupting supply chains and causing a sharp contraction.

Despite the economic reopening in 2021, which encouraged a partial return of sales and increased demand for durable and luxury bags, the overall market volume remained subdued. A clear recovery took hold in 2022, fueled by the entry of new brands such as IRTH by House of Titan and a widespread shift toward sustainable, vegan materials in production, attracting renewed consumer interest.

Market growth continued through 2023 and 2024, bolstered by strong local demand, an influx of high-income tourists, and the persistent influence of social media on consumer preferences. Technological innovations, including bags with RFID-blocking compartments, further supported the expansion of the market.

Production pocket or handbag articles in Spain

In value, 2017-2020, M $ US

Spain's production of pocket and handbag articles declined for the second consecutive year. In 2020, output was valued at 129.8 million US dollars, marking a 32.3% decrease compared to 2019. Over the period from 2017 to 2020, production fell by 27%, with a compound annual growth rate of -9.9%. The highest production value was recorded in 2018 at 202.8 million US dollars, which also saw the largest annual increase of 14.1%.

Annual dynamics of production in Spain in value, 2017-2020, M $ US

Exports pocket or handbag articles from Spain

Exports in kind, t

After two years of growth, Spain's exports of pocket and handbag articles declined. In 2020, exports reached 1,305 tonnes, showing a sharp decrease of 42.8% compared to the previous year. From 2017 to 2020, exports fell by 32.3%, equivalent to an annualized decline of 12.2%. The peak export volume was recorded in 2019 at 2,281 tonnes, which also experienced the largest annual increase of 10.7%.

Annual dynamics of product's exports from Spain in kind, 2017-2020, t

From 2017 to 2020, France, Italy, and Portugal were the main markets for Spain's exports of pocket and handbag articles in volume terms. France accounted for 25.2% of exports, Italy for 14.9%, and Portugal for 14.8%. Together, these three countries represented 54.8% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Spain in kind, 2017-2020

Exports in value, M $ US

Spain's exports of pocket and handbag articles in value terms declined for the second consecutive year. In 2020, exports amounted to 130.4 million US dollars, reflecting a gradual reduction of 6.2% from the previous year. Between 2017 and 2020, exports decreased by 18.7%, with an annualized decline of 6.7%. The highest export value was recorded in 2018 at 166.3 million US dollars, which saw the largest annual increase of 3.6%. In contrast, 2019 experienced the largest annual decline of 16.4%.

Annual dynamics of product's exports from Spain in value, 2017-2020, M $ US

From 2017 to 2020, France, Italy, and Japan led the structure of Spain's exports in value terms. France accounted for 47.1% of exports, Italy for 12.6%, and Japan for 7.0%. Collectively, these three markets represented 66.8% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Spain in value, 2017-2020

Imports pocket or handbag articles to Spain

Imports in kind, t

After two years of growth, Spain's imports of pocket and handbag articles in volume terms declined. In 2020, imports totaled 5,058 tonnes, which is 36.8% lower than in 2019. Over the period from 2017 to 2020, imports decreased by 29.9%, equivalent to an annualized decline of 11.2%. The peak import volume was recorded in 2019 at 8,001 tonnes, which also saw the largest annual increase of 6.1%.

Annual dynamics of product's imports to Spain in kind, 2017-2020, t

From 2017 to 2020, China dominated Spain's imports of pocket and handbag articles in volume terms, holding a share of 73.2% of total flows. All other markets combined accounted for the remaining 26.8%.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Spain in kind, 2017-2020

Imports in value, M $ US

After two years of increase, Spain's imports of pocket and handbag articles in value terms declined. In 2020, imports amounted to 112.8 million US dollars, showing a sharp contraction of 33.7% compared to 2019. Between 2017 and 2020, imports fell by 31.5%, with an annualized decline of 11.8%. The highest import value was recorded in 2019 at 170.2 million US dollars, while the largest annual increase occurred in 2018 at 2.2%.

Annual dynamics of product's imports to Spain in value, 2017-2020, M $ US

From 2017 to 2020, China, France, and India were the main suppliers of pocket and handbag articles to Spain in value terms. China accounted for 44.8% of imports, France for 15.9%, and India for 12.6%. Together, these three countries comprised 73.2% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Spain in value, 2017-2020