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Sep 26, 2024

Umbrella Exportation in China Declines to $2.8B for 2023

China Umbrella Exports

In 2023, overseas shipments of umbrellas increased by 13% to 909M units, rising for the third year in a row after five years of decline. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when exports increased by 36% against the previous year. Over the period under review, the exports reached the maximum at 973M units in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, umbrella exports contracted to $2.8B (IndexBox estimates) in 2023. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2022 when exports increased by 23% against the previous year. As a result, the exports attained the peak of $3.1B, and then declined in the following year.China Umbrella Exports By Country (Million USD)

COUNTRYExport Value of Umbrella in China (million USD)
20132014201520162017201820192020202120222023
United States397404435413442458458400552620473
South Korea12113114312599.8110118127183201206
Japan250268285244217230206170162188197
Philippines18818522913212012313861.987.8179171
Brazil12313098.796.692.378.197.555.340.8100126
Germany10013611294.510411011211516313586.7
Mexico33.548.760.744.248.553.348.628.133.259.378.2
Thailand10510689.373.155.666.579.370.559.977.475.8
Others1,3701,4871,3651,2321,1681,1541,2091,0021,2101,5011,391
Total2,6892,8962,8182,4552,3472,3832,4672,0302,4913,0622,805

Exports by Country

Brazil (78M units), the Philippines (74M units) and the United States (73M units) were the main destinations of umbrella exports from China, together comprising 25% of total exports. Japan, South Korea, Mexico, Germany and Thailand lagged somewhat behind, together comprising a further 22%.

From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +7.1%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($473M) remains the key foreign market for umbrellas exports from China, comprising 17% of total exports. The second position in the ranking was held by South Korea ($206M), with a 7.3% share of total exports. It was followed by Japan, with a 7% share.

From 2013 to 2023, the average annual rate of growth in terms of value to the United States stood at +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+5.4% per year) and Japan (-2.4% per year).

Exports by Type

Umbrellas having a telescopic shaft (excluding garden umbrellas) (429M units), umbrellas and sun umbrellas (other than having a telescopic shaft or garden umbrellas) (428M units) and garden or similar umbrellas (51M units) were the main products of umbrella exports from China.

From 2013 to 2023, the biggest increases were recorded for garden or similar umbrellas (with a CAGR of +2.1%), while shipments for the other products experienced mixed trend patterns.

In value terms, umbrellas having a telescopic shaft (excluding garden umbrellas) ($1B), umbrellas and sun umbrellas (other than having a telescopic shaft or garden umbrellas) ($965M) and garden or similar umbrellas ($818M) appeared to be the most exported types of umbrellas from China worldwide.

Garden or similar umbrellas, with a CAGR of +2.7%, recorded the highest growth rate of the value of exports, among the main product categories over the period under review, while shipments for the other products experienced mixed trend patterns.

Export Prices by Country

In 2023, the umbrella price stood at $3.1 per unit (FOB, China), dropping by -18.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2018 when the average export price increased by 24% against the previous year. The export price peaked at $4.2 per unit in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($6.5 per unit), while the average price for exports to Brazil ($1.6 per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

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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