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Feb 14, 2024

Australia Experiences Significant Increase in Umbrella Imports, Reaching $3.7M in November 2023

Australia Umbrella Imports

In November 2023, approximately 357K units of umbrellas were imported into Australia; rising by 24% on the month before. Over the period under review, imports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in May 2023 with an increase of 98% against the previous month. Over the period under review, imports hit record highs at 954K units in November 2022; however, from December 2022 to November 2023, imports failed to regain momentum.

In value terms, umbrella imports totaled $3.7M (IndexBox estimates) in November 2023. Overall, imports, however, recorded a noticeable shrinkage. The pace of growth appeared the most rapid in August 2023 when imports increased by 89% against the previous month. Imports peaked at 6.2M units in September 2023; however, from October 2023 to November 2023, imports stood at a somewhat lower figure.Australia Umbrella Imports By Country (Million USD)

COUNTRYImport Value of Umbrella in Australia (million USD)
Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023Aug 2023Sep 2023Oct 2023Nov 2023
China5.73.93.41.72.11.83.31.82.75.26.03.23.5
Others0.30.10.20.30.20.20.20.20.20.20.20.20.3
Total6.04.03.62.02.42.03.52.02.95.46.23.43.7

Imports by Country

In November 2023, China (343K units) was the main supplier of umbrella to Australia, with a approximately 96% share of total imports.

From November 2022 to November 2023, the average monthly growth rate of volume from China totaled -8.0%.

In value terms, China ($3.5M) constituted the largest supplier of umbrella to Australia.

From November 2022 to November 2023, the average monthly growth rate of value from China stood at -4.0%.

Imports by Type

In November 2023, umbrellas and sun umbrellas (other than having a telescopic shaft or garden umbrellas) (263K units) constituted the largest type of umbrella supplied to Australia, with a 74% share of total imports. Moreover, umbrellas and sun umbrellas (other than having a telescopic shaft or garden umbrellas) exceeded the figures recorded for the second-largest type, garden or similar umbrellas (69K units), fourfold.

From November 2022 to November 2023, the average monthly rate of growth in terms of the volume of import of umbrellas and sun umbrellas (other than having a telescopic shaft or garden umbrellas) stood at -5.5%. With regard to the other supplied products, the following average monthly rates of growth were recorded: garden or similar umbrellas (+1.1% per month) and umbrellas having a telescopic shaft (excluding garden umbrellas) (-20.3% per month).

In value terms, the most traded types of umbrellas in Australia were umbrellas and sun umbrellas (other than having a telescopic shaft or garden umbrellas) ($2M), garden or similar umbrellas ($1.6M) and umbrellas having a telescopic shaft (excluding garden umbrellas) ($133K).

Import Prices by Country

In November 2023, the umbrella price stood at $10.5 per unit (CIF, Australia), with a decrease of -10.5% against the previous month. Over the period under review, the import price, however, showed a measured expansion. The growth pace was the most rapid in August 2023 when the average import price increased by 59% month-to-month. Over the period under review, average import prices hit record highs at $11.7 per unit in October 2023, and then reduced in the following month.

Average prices varied somewhat amongst the major supplying countries. In November 2023, the country with the highest price was China ($10.2 per unit), while the price for Cambodia totaled $6.9 per unit.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (+4.4%).

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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