Market expectation
Domestic handbags market has great potential
From 2005 to 2010, China's handbag industry maintained a rapid growth momentum with an average annual compound growth rate of 18.5%. The development of the handbag market will be huge.

According to the findings of authoritative agencies, the average expenditure on handbags for women aged 20-44 in Taiwan is about 2,200 yuan. At present, the expenditure on handbags per capita in the mainland is only one-tenth of that in Taiwan. With the rapid economic development in China and ever-increasing household income, consumption of handbags is expected to reach a new level. According to their own personal style and social occasions to choose the appropriate handbags, and constantly changing trends in accordance with the acquisition of new products, this spending habits have gradually become the consensus of modern urban life with women, women's bags market has a huge potential for consumption.

China Light Leather Processing ranked first in the world. Leather products exports for many years ranked first in the light industry, China is increasingly becoming an international brand leather processing production base, 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 manufacturing country, and has formed Huadu, Guangdong Province and Quanzhou, Fujian Province.

By 2011 China's luggage industry output reached 90 billion yuan, China's luggage industry to maintain a high-speed growth, the average annual compound annual growth rate of 27.1%. International luggage market there is a huge demand for space, a direct promotion of China's export growth of luggage products, luggage exports made steady growth in good shape. China's luggage enterprises should continue to improve their own R & D capabilities and technical equipment, enhance their marketing capabilities, expand export channels and further accelerate the pace of going to the world, and gradually realize the shift from product output to capital output and brand output to create a number of domestic Well-known outside the brand name, enhance the international competitiveness of products. China's luggage market has always been export-oriented, 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 level, a variety of bags have become indispensable accessories around people. People demand luggage products not only in practicality has been strengthened, decorative also have to be expanded. China's economic level and per capita income are getting higher and higher, and the spending power closely related to it will also increase. China's package decoration consumes an annual increase rate of 33%, the total market is rapidly rising, luggage is becoming the garment, footwear industry after the development of the most promising one. Domestic luggage market demand growth will accelerate, the market prospects.

Market output
From January to December 2011, China's leather enterprises achieved a total industrial output value of 857.9 billion yuan, up 25.06% over the same period of last year, a deceleration of 1.79 percentage points from the same period of previous year; total profit amounted to 49.0 billion yuan, up 31.73% over the same period of last year.

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