Luggage is a general term for bags, and is a general term for all kinds of things used to hold things, including general shopping bags, handbags, clutch bags, wallets, backpacks, shoulder bags, shoulder bags, waist bags and various trolley cases.

According to the National Bureau of Statistics, the total number of domestic tourists in 2021 will be 3.246 billion, an increase of 367 million or 12.8% over the same period of the previous year. Among them, urban residents were 2.342 billion, an increase of 13.4%; rural residents were 904 million, an increase of 11.1%.

2016-2021 Chinese tourist arrivals and growth rate

Source: National Bureau of Statistics, Zhiyan Consulting

Second, the operation of luggage

According to the data of China Leather Association, in 2021, the sales revenue of luggage enterprises above designated size in China will be 133.03 billion yuan, a year-on-year increase of 9.6%.

Sales revenue and growth rate of luggage enterprises above designated size in China from 2018 to 2021

Source: Compiled by China Leather Association, Zhiyan Consulting

Related report: "2022-2028 China Luggage Industry Market Research Analysis and Development Scale Forecast Report" released by Zhiyan Consulting

Among them, the total profit of Chinas luggage industry above designated size in 2021 will be 5.913 billion yuan, a year-on-year increase of 13.92%; the operating profit rate is 4.5%.

Total profit and profit margin of Chinas luggage industry above designated size in 2020-2021

Source: Compiled by China Leather Association, Zhiyan Consulting

Three、Import and export of luggage

One of the major manufacturing countries in my country, in 2021, the export value of Chinas travel goods and luggage will be 27.86 billion US dollars, a year-on-year increase of 35%; the import value of travel goods and luggage will be 6.36 billion US dollars, a year-on-year increase of 44.5%.

2016-2021 Chinas import and export value of travel goods and luggage

Source: China Customs, Zhiyan Consulting

Fourth, the main business analysis of luggage and bags

With the readjustment of Chinas luggage industry and the arrival of the era of great reshuffle. Chinas luggage industry is forming a new industrial pattern. The factors affecting the transfer of these traditional labor-intensive industries mainly depend on the cost of land, labor, market logistics, and the matching of upstream, mid-stream and downstream industries, of which land and labor are the most direct factors.

Korrun Co., Ltd. focuses on high-quality travel and consumer goods. Its main business is the research and development, design, production and sales of leisure bags, suitcases, business bags, apparel and related accessories. Based on the in-depth understanding of traditional industries and Internet models, we provide users with travel and consumer goods, and integrate high-tech into them to improve peoples equipment and experience. fair price.

Korrun Brand Profile

Source: Compiled by Zhiyan Consulting

Korruns brand management business mainly targets end-user sales of travel consumer goods, including product design, R&D, supply chain management, as well as product sales, operation, promotion and customer service. The brand management business is mainly carried out through e-commerce channels such as Tmall, JD.com and Xiaomi, as well as other channels such as offline group purchase and gift distribution. Among them, the operating income of Korrun in the first three quarters of 2021 was 1.574 billion yuan, and the gross profit margin was 28.32%.

Operating Revenue and Gross Profit Margin of Korrun, 2016-2021

Source: Company Annual Report, Zhiyan Consulting

Among them, in 2020, the output of Koruns luggage was 110.7676 million, a year-on-year increase of 64%; the sales volume of Koruns luggage was 108.7298 million, an increase of 68.7% year-on-year; the production and sales ratio of Korrun was 98.16%.

Production and sales volume of luggage and bags of Korrun Co., Ltd. in China, 2016-2020

Source: Company Annual Report, Zhiyan Consulting

The above data and information can be referred to the "2022-2028 China Luggage Industry Operation Dynamics and Investment Trend Forecast Report" released by Zhiyan Consulting. Zhiyan Consulting is a comprehensive provider of information and intelligence in the field of industrial consulting in China. With the brand concept of "driving industry development with information", the company uses a professional perspective to gain insight into industry trends, improve users industry awareness, and help business decision-making. The main business includes industry research reports, feasibility study reports, customized reports, business plans, etc.