The luggage industry is facing new development opportunities. China's luggage accounts for nearly 40% of the global export volume

With the increase in the demand for outdoor activities, sports and travel, the luggage industry is also facing new development opportunities. Clarifying the development advantages of the industry and making changes in response to market conditions is the way to seek growth. According to the data from the General Administration of Customs, from January to November 2022, a total of 2.72 million pieces of luggage and similar containers were exported, with an export value of 214.032 billion yuan, representing a year-on-year growth of 24.5% against the trend. Due to the impact of the epidemic, the export volume of luggage in our country was once sluggish, but this year it has finally lifted the gloom and achieved growth. China's luggage industry accounts for nearly 40% of the global export volume. Despite its large scale, it does not have much of an advantage in terms of profit. One of the reasons is that although our luggage industry has production capacity, it lacks brands and has low premiums. Products priced at thousands or tens of thousands of yuan are mostly occupied by overseas brands. The luggage industry belt is mainly located in Zhejiang and Guangzhou in the south, while in the north, it is mainly in Baigou Town, Hebei Province and Nantai Town, Liaoning Province. The overall production is relatively concentrated. Analysis of the Regional Pattern of China's Luggage Industry: The domestic medium and high-end leather goods processing industry belt is mainly concentrated in Baiyun District and Huadu District of Guangzhou. Shiling Town in Huadu District, Guangzhou, even has the title of "China's Leather Goods Capital". The industries in the Guangzhou area are also relatively concentrated, and the industrial chain and supporting facilities are relatively complete. Besides exports, it also undertakes the OEM business of domestic first and second-tier leather goods brands. For instance, Shiling Town has five major wholesale markets and seven industrial parks, with an annual output value of approximately 30 billion yuan. 70% of its leather goods and luggage are exported to 136 countries and regions around the world. Although there are no shortage of good products, the reputation of "counterfeit A-class goods" has also spread far and wide. Ultimately, it is still the lack of good brands. Judging from the development momentum, the local area is also making efforts to incorporate elements such as "fashion", "design", and "trademark brands" into the industry, striving to find new development points. According to the report "2022-2027" by the CRI Research Institute