Australia luggage market increased during 2000 to 2010 due to increased fashion awareness and rising living standards
Luggage, Handbags and Saddlery in Australia: ISIC 1912 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-01 17:11:02
Over the review period of 2000-2010 the Australian market for luggage, handbags and saddlery was led by sales of handbags, demand for which was growing with increasing awareness of fashion and overall rising standards of living. However, demand was mostly oriented towards goods coming from foreign countries.
The reviewed market increased at an average annual rate of more than 4% over 2000-2010 to reach nearly A$1 billion by the end of the review period. Taking into account that the overall Australian fashion market is worth around A$14 billion, the position of handbags here plays an important role.
Such goods represented the driving force for the reviewed market to rise, as demand for saddlers declined over the review period. Despite rising prices of leather, there was a significant trend of a shrinking population of horses within the country; hence demand for saddlers was also falling.
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