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Aug 24, 2024

Umbrella Imports in Australia Drop Sharply to $40M in 2023

Australia Umbrella Imports

In 2023, overseas purchases of umbrellas decreased by -32.2% to 5.8M units for the first time since 2020, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 46% against the previous year. Imports peaked at 8.6M units in 2022, and then shrank notably in the following year.

In value terms, umbrella imports dropped remarkably to $40M (IndexBox estimates) in 2023. In general, imports, however, recorded perceptible growth. The pace of growth appeared the most rapid in 2021 when imports increased by 93%. Over the period under review, imports attained the peak figure at $62M in 2022, and then contracted remarkably in the following year.Australia Umbrella Imports By Country (Million USD)

COUNTRYImport Value of Umbrella in Australia (million USD)
20132014201520162017201820192020202120222023
China30.234.030.228.631.835.130.727.353.058.037.5
New ZealandN/AN/AN/AN/AN/A0.10.10.10.51.20.7
Others2.02.02.32.32.12.11.71.32.02.41.8
Total32.236.032.630.933.937.332.528.755.461.640.0

Imports by Country

In 2023, China (5.7M units) was the main umbrella supplier to Australia, accounting for a 97% share of total imports. It was followed by New Zealand (50K units), with a 0.9% share of total imports.

From 2013 to 2023, the average annual rate of growth in terms of volume from China was relatively modest.

In value terms, China ($37M) constituted the largest supplier of umbrellas to Australia, comprising 94% of total imports. The second position in the ranking was taken by New Zealand ($688K), with a 1.7% share of total imports.

From 2013 to 2023, the average annual growth rate of value from China stood at +2.2%.

Imports by Type

Umbrellas and sun umbrellas (other than having a telescopic shaft or garden umbrellas) (3.5M units), umbrellas having a telescopic shaft (excluding garden umbrellas) (1.8M units) and garden or similar umbrellas (562K units) were the main products of umbrella imports to Australia.

From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by umbrellas and sun umbrellas (other than having a telescopic shaft or garden umbrellas) (with a CAGR of +1.9%), while imports for the other products experienced mixed trend patterns.

In value terms, umbrellas and sun umbrellas (other than having a telescopic shaft or garden umbrellas) ($18M), garden or similar umbrellas ($17M) and umbrellas having a telescopic shaft (excluding garden umbrellas) ($5.4M) appeared to be the most imported types of umbrellas in Australia.

Import Prices by Country

In 2023, the umbrella price amounted to $6.9 per unit (CIF, Australia), dropping by -4.4% against the previous year. Over the period under review, import price indicated measured growth from 2013 to 2023: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, umbrella import price decreased by -24.3% against 2021 indices. The growth pace was the most rapid in 2021 when the average import price increased by 32%. As a result, import price attained the peak level of $9.1 per unit. From 2022 to 2023, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2013 to 2023, the rate of growth in terms of prices for China amounted to +2.2% per year.

Source: IndexBox Market Intelligence Platform

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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