The market is dominated by foreign suppliers, as imports account for 73.8% of total market size in 2022. Households drive market demand, with household spending representing 50.8% of total demand in 2022. Canada has the seventh largest market size for luggage, handbags and saddlery across the top 20 developed countries, with demand reaching USD2.8 billion in 2022. Levy’s Leathers Ltd is the largest company in Canada, generating 1.0% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 4.0% of total production value in 2022. The total number of companies decreases in 2022, to 293 units. The costs of the industry increase by 25.9% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 3.5% of production value in 2022, the 18th highest across the top 20 developed countries. The industry’s exports share increases in 2022 to 1.6% of total production output. With production value of USD439 million, Canada accounts for 7.4% of the North America total in 2022.
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This Euromonitor industrial report provides unique information on Luggage, Handbags and Saddlery in Canada: 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 Canada: 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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