Cost of Umbrellas in Australia Decreases by 11% to $4.5 per Unit
Australia Umbrella Import Price in May 2023
In May 2023, the umbrella price stood at $4.5 per unit (CIF, Australia), waning by -11.2% against the previous month. In general, the import price showed a pronounced downturn. The growth pace was the most rapid in September 2022 an increase of 63% m-o-m. As a result, import price attained the peak level of $10,772 per thousand units. From October 2022 to May 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From May 2022 to May 2023, the rate of growth in terms of prices for China amounted to -1.9% per month.
| COUNTRY | Import Price of Umbrella in Australia (USD per unit) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | |
| China | 5.4 | 4.4 | 6.5 | 6.4 | 10.7 | 7.3 | 6.1 | 5.2 | 4.2 | 4.7 | 3.9 | 4.7 | 4.3 |
| Average | 6.1 | 4.7 | 6.9 | 6.6 | 10.8 | 7.5 | 6.3 | 5.4 | 4.4 | 5.3 | 4.2 | 5.1 | 4.5 |
Australia Umbrella Import Prices by Type
There were significant differences in the average prices amongst the major supplied products. In May 2023, the product with the highest price was garden or similar umbrellas ($40.7 per unit), while the price for umbrellas having a telescopic shaft (excluding garden umbrellas) ($3.3 per unit) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by garden or similar umbrellas (+2.3%), while the prices for the other products experienced mixed trend patterns.
Australia Umbrella Imports
Umbrella imports into Australia soared to 777K units in May 2023, increasing by 98% compared with the previous month's figure. In general, imports showed a noticeable expansion. Over the period under review, imports hit record highs at 1.2M units in August 2022; however, from September 2022 to May 2023, imports failed to regain momentum.
In value terms, umbrella imports surged to $3.5M (IndexBox estimates) in May 2023. Overall, imports continue to indicate a relatively flat trend pattern. Imports peaked at 11M units in September 2022; however, from October 2022 to May 2023, imports remained at a lower figure.
Australia Umbrella Imports by Type
In May 2023, umbrellas and sun umbrellas (other than having a telescopic shaft or garden umbrellas) (520K units) constituted the largest type of umbrella supplied to Australia, accounting for a 67% 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, umbrellas having a telescopic shaft (excluding garden umbrellas) (239K units), twofold.
From May 2022 to May 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 +5.6%. With regard to the other supplied products, the following average monthly rates of growth were recorded: umbrellas having a telescopic shaft (excluding garden umbrellas) (-0.3% per month) and garden or similar umbrellas (-6.7% per month).
In value terms, umbrellas and sun umbrellas (other than having a telescopic shaft or garden umbrellas) ($2M) constituted the largest type of umbrella supplied to Australia, comprising 57% of total imports. The second position in the ranking was taken by umbrellas having a telescopic shaft (excluding garden umbrellas) ($787K), with a 22% share of total imports.
Australia Umbrella Imports by Country
In May 2023, China (767K units) was the main supplier of umbrella to Australia, with a approximately 99% share of total imports.
From May 2022 to May 2023, the average monthly growth rate of volume from China amounted to +3.0%.
In value terms, China ($3.3M) constituted the largest supplier of umbrella to Australia.
From May 2022 to May 2023, the average monthly rate of growth in terms of value from China stood at +1.1%.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
