Market Prospect of Women's Bag

The domestic women's bag market has great potential
From 2005 to 2010, China's women's bag industry maintained a rapid growth trend, with a compound annual growth rate of 18.5% of its output value. The future development space of the women's bag market is huge.
According to the survey results of authoritative institutions, the average expenditure of women aged 20-44 on female handbags in Taiwan is around 2200 yuan, while the per capita expenditure on female handbags in the mainland is only one tenth of that in Taiwan. With the rapid development of China's economy and the increasing income of residents, women's bag consumption is expected to reach a new level. Choose appropriate women's bags based on your personal style and different social occasions, and constantly add new products according to the changes in trends. This consumption habit has gradually become the consensus of modern urban women's lifestyle, and the consumption potential of the women's bag market is huge.
China's light leather processing ranks first in the world. The export volume of leather products has ranked first in the light industry for many consecutive years. China is increasingly becoming a processing and production base for international brand leather goods, and the production process has fully reached the international advanced level. After decades of rapid development, leather products are greatly enriched. At the same time, China is also a big bag production country, with the formation of Guangdong Huadu and Fujian Quanzhou in China.
From 2011, the output value of China's luggage industry reached 90 billion yuan, China's luggage industry maintained a high-speed growth trend, with a compound annual growth rate of 27.1%. There is a huge demand space in the international luggage market, which directly promotes the export growth of Chinese luggage products, making the export of luggage achieve a stable growth momentum. Chinese luggage enterprises should continuously improve their independent research and development capabilities and technical equipment levels, enhance their marketing capabilities, expand their export channels, further accelerate the pace of going global, gradually realize the transformation from product output to capital output and brand output, create a number of well-known brands that are well known at home and abroad, and enhance their international competitiveness. China's luggage market has always been dominated by exports, with a relatively small proportion of domestic market demand. However, in the face of the new economic environment, this situation may be adjusted in the future. With the continuous improvement of people's living and consumption levels, various bags have become indispensable accessories around people. People demand that luggage products not only be strengthened in practicality, but also be expanded in decoration. China's economic level and per capita income are becoming higher and higher, and the consumption capacity closely related to them will also become larger and larger. In China, the consumption of bags and accessories is increasing at a rate of 33% every year, and the total market value is rapidly increasing. Luggage is becoming one of the most promising industries after the clothing and footwear industries. The growth rate of domestic luggage market demand will accelerate, and the market prospect is broad.
Market output value
From January to December 2011, China's leather enterprises achieved a total industrial output value of 857.9 billion yuan, a year-on-year increase of 25.06%, and the growth rate fell by 1.79 percentage points compared to the same period last year; The total profit was 49 billion yuan, a year-on-year increase of 31.73%.
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