With production value of USD4.3 billion, India accounts for 7.9% of the Asia Pacific total in 2023. The industry’s exports share decreases in 2023 to 29.3% of total production output. The industry’s profitability increases and stands at 30.2% of production value in 2023, the second highest regionally. The costs of the industry increase by 0.5% in 2023, largely driven by rising B2B costs. The total number of companies decreases in 2023, to 988,091 units. The industry is fragmented, with the top five companies generating 9.2% of total production value in 2023. VIP Industries Ltd is the largest company in India, generating 4.1% of the industry’s total production value in 2023. India has the fourth largest market size for luggage, handbags and saddlery regionally, with demand reaching USD6.1 billion in 2023. Households drive market demand, with household spending representing 90.2% of total demand in 2023. The market is dominated by domestic suppliers, as imports account for 5.5% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Luggage, Handbags and Saddlery in India: ISIC 1912. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Luggage, Handbags and Saddlery in India: ISIC 1912 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of cordage, rope, twine and netting, finishing of textiles, made-up textile articles, spinning of textile fibers; weaving of textiles, tanning and dressing of leather, and technical textiles, labels, badges and other textile products.
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