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Luggage and handbags and packs and cases

Free State · FY 2023/24

The market for luggage and handbags in the Free State province is relatively small, with a total spend of about R1.7 million. Unfortunately, it's not growing, with zero year-on-year growth, which might make it a challenging space to enter. It's also a very crowded market, with only one supplier currently serving the needs of one department, which means there's not a lot of room for new players. The Department of this province does favour smaller companies owned by black, women, and youth owners, with about 59% of the allocation going to black-owned businesses, 44% to women-owned, and 29% to youth-owned. If I were you, I'd focus on building a strong B-BBEE level, specifically targeting black ownership, to increase your chances of getting a foothold in this market.

Market Size

R2K

Suppliers

1

Departments

1

Avg Transaction

R2K

Supplier Type Allocation

EME (< R10M)

0%

QSE (R10-50M)

0%

GE (> R50M)

0%

BEE Allocation

Black Owned

58.9%

Women Owned

44.2%

Youth Owned

28.9%

Disabled Owned

0.0%

Spending Trend

2018/19
R3K
2019/20
R99K
2022/23
R3K
2023/24
R2K
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