Luggage Market Overview in Chile
In value terms, luggage production dropped dramatically to $ in estimated in export prices. In general, production showed a deep slump. The growth pace was the most rapid in 2016 when the production volume increased by % year-to-year. Luggage production peaked at $ in 2007; however, from 2008 to , production remained at a lower figure.
The value of the luggage market in Chile shrank markedly to $ in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a modest increase. The most prominent rate of growth was recorded in 2013 with an increase of % against the previous year. As a result, consumption attained the peak level of $. From 2014 to , the growth of the market failed to regain the momentum.