| Product Code: ETC4645066 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Guyana`s import of travel bags in 2024 saw a significant increase in concentration, with the top exporting countries being the USA, China, UK, Panama, and Cambodia. The high Herfindahl-Hirschman Index (HHI) in 2023 escalated to a very high concentration in 2024, indicating a more consolidated market. The impressive Compound Annual Growth Rate (CAGR) of 74.58% from 2020 to 2024 highlights the booming demand for travel bags in Guyana. Moreover, the robust growth rate of 57.2% from 2023 to 2024 suggests a continued upward trajectory for the import market in the coming years.

By 2027, Guyana's Travel Bags market is forecasted to achieve a exponential growth rate of 54.56%, with Brazil leading the Latin America region, followed by Mexico, Argentina, Colombia and Chile.

The travel bag market in Guyana is witnessing steady growth, fueled by a growing middle class and increasing travel activities both domestically and internationally. Consumer demand for stylish, functional, and durable travel bags, including suitcases, backpacks, and duffel bags, is on the rise. With tourism and business travel expanding, the market is set to grow. Challenges include the competition from cheaper, lower-quality imports and the need for local manufacturers to compete with established global brands.
The Guyana Travel Bag Market is influenced by the growing trend of international and domestic travel, particularly among middle-class consumers. As the demand for travel and leisure activities rises, the need for durable, stylish, and functional travel bags has grown. Furthermore, the increasing focus on convenience and ease of travel has led to innovations in travel bag design, with an emphasis on lightweight, secure, and multi-functional bags. The market is also driven by the rise of online shopping platforms and travel retail.
The Guyana Travel Bags Market faces challenges similar to those of the travel bag market, with intense competition from well-established international brands. High production and importation costs make it difficult for local businesses to offer competitive pricing. Moreover, the lack of a strong local supply chain and limited retail infrastructure can restrict the availability and distribution of travel bags. Additionally, shifts in consumer preferences and demand due to seasonal travel trends and economic fluctuations can lead to unpredictability in market growth. The rise of online retailing further intensifies competition, requiring local players to innovate and improve customer experience.
In Guyana, the government can implement policies that promote the growth of the travel goods market, particularly through policies focused on the retail and tourism sectors. Encouraging local production or assembly of travel bags, as well as supporting small businesses in this space, could help boost market growth. Policies could also incentivize the use of eco-friendly materials in the production of travel bags, aligning with global sustainability trends. However, the challenge lies in the lack of strong local manufacturing capabilities and the dominance of imported products that could limit the development of a competitive local industry.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Guyana Travel Bags Market Overview |
3.1 Guyana Country Macro Economic Indicators |
3.2 Guyana Travel Bags Market Revenues & Volume, 2021 & 2031F |
3.3 Guyana Travel Bags Market - Industry Life Cycle |
3.4 Guyana Travel Bags Market - Porter's Five Forces |
3.5 Guyana Travel Bags Market Revenues & Volume Share, By Material Types, 2021 & 2031F |
3.6 Guyana Travel Bags Market Revenues & Volume Share, By Product Types, 2021 & 2031F |
3.7 Guyana Travel Bags Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.8 Guyana Travel Bags Market Revenues & Volume Share, By Price Range, 2021 & 2031F |
4 Guyana Travel Bags Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income in Guyana leading to higher spending on travel and related accessories. |
4.2.2 Growth in tourism industry in Guyana boosting demand for travel bags. |
4.2.3 Rising trend of leisure travel among Guyanese population. |
4.3 Market Restraints |
4.3.1 Economic instability in Guyana affecting consumer spending on non-essential items like travel bags. |
4.3.2 Competition from international brands impacting the market share of local travel bag manufacturers. |
5 Guyana Travel Bags Market Trends |
6 Guyana Travel Bags Market Segmentations |
6.1 Guyana Travel Bags Market, By Material Types |
6.1.1 Overview and Analysis |
6.1.2 Guyana Travel Bags Market Revenues & Volume, By Hard-Side, 2021-2031F |
6.1.3 Guyana Travel Bags Market Revenues & Volume, By Soft-Side, 2021-2031F |
6.2 Guyana Travel Bags Market, By Product Types |
6.2.1 Overview and Analysis |
6.2.2 Guyana Travel Bags Market Revenues & Volume, By Briefcases, 2021-2031F |
6.2.3 Guyana Travel Bags Market Revenues & Volume, By Messenger Bag, 2021-2031F |
6.2.4 Guyana Travel Bags Market Revenues & Volume, By Backpacks, 2021-2031F |
6.2.5 Guyana Travel Bags Market Revenues & Volume, By Laptop Bag, 2021-2031F |
6.3 Guyana Travel Bags Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Guyana Travel Bags Market Revenues & Volume, By Supermarkets, 2021-2031F |
6.3.3 Guyana Travel Bags Market Revenues & Volume, By Specialty Stores, 2021-2031F |
6.3.4 Guyana Travel Bags Market Revenues & Volume, By Factory Outlets, 2021-2031F |
6.3.5 Guyana Travel Bags Market Revenues & Volume, By Online store, 2021-2031F |
6.3.6 Guyana Travel Bags Market Revenues & Volume, By Others, 2021-2031F |
6.4 Guyana Travel Bags Market, By Price Range |
6.4.1 Overview and Analysis |
6.4.2 Guyana Travel Bags Market Revenues & Volume, By Premium Range, 2021-2031F |
6.4.3 Guyana Travel Bags Market Revenues & Volume, By Medium Range, 2021-2031F |
6.4.4 Guyana Travel Bags Market Revenues & Volume, By Low Range, 2021-2031F |
7 Guyana Travel Bags Market Import-Export Trade Statistics |
7.1 Guyana Travel Bags Market Export to Major Countries |
7.2 Guyana Travel Bags Market Imports from Major Countries |
8 Guyana Travel Bags Market Key Performance Indicators |
8.1 Number of international tourists visiting Guyana annually. |
8.2 Consumer sentiment index in Guyana related to travel and leisure spending. |
8.3 Average expenditure on travel accessories per trip by Guyanese travelers. |
9 Guyana Travel Bags Market - Opportunity Assessment |
9.1 Guyana Travel Bags Market Opportunity Assessment, By Material Types, 2021 & 2031F |
9.2 Guyana Travel Bags Market Opportunity Assessment, By Product Types, 2021 & 2031F |
9.3 Guyana Travel Bags Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.4 Guyana Travel Bags Market Opportunity Assessment, By Price Range, 2021 & 2031F |
10 Guyana Travel Bags Market - Competitive Landscape |
10.1 Guyana Travel Bags Market Revenue Share, By Companies, 2024 |
10.2 Guyana Travel Bags Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |