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Jul 3, 2023

Umbrella Export in China Declines 8% to $304M in April 2023

China Umbrella Exports

Umbrella exports from China rose sharply to 89M units in April 2023, picking up by 7.5% compared with the month before. Overall, total exports indicated noticeable growth from April 2022 to April 2023: its volume increased at an average monthly rate of +3.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2023 figures, exports increased by +167.3% against February 2023 indices. The growth pace was the most rapid in March 2023 with an increase of 149% m-o-m. The exports peaked in April 2023.

In value terms, umbrella exports declined to $304M (IndexBox estimates) in April 2023. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when exports increased by 112% against the previous month. As a result, the exports reached the peak of $329M, and then dropped in the following month.

COUNTRYExport Value of Umbrella in China (million USD)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
United States82.745.536.928.319.128.438.744.047.879.139.570.649.9
Japan19.921.519.117.916.113.010.812.212.918.212.524.026.4
South Korea15.021.724.432.320.218.716.012.312.911.68.917.525.8
Philippines11.015.016.015.815.220.321.026.320.711.88.321.017.4
India7.47.17.74.52.22.82.44.35.98.02.312.513.7
Brazil3.97.17.710.310.310.312.513.911.713.43.410.112.7
Mexico5.25.26.95.03.22.62.75.68.99.14.811.112.6
Thailand5.68.39.06.76.17.48.37.25.64.83.910.610.5
United Kingdom12.17.65.34.33.03.03.04.25.810.75.16.97.6
Germany15.79.57.06.38.07.47.710.111.411.56.010.76.3
Indonesia3.66.05.67.05.77.610.311.87.67.62.37.56.2
Myanmar2.62.50.60.60.10.30.30.1< 0.10.92.44.04.4
Russia1.43.12.22.93.21.00.91.42.53.22.53.24.0
Others96.710090.691.296.111111312411812553.1120107
Total283260239233209234247278272315155329304

Exports by Country

Japan (7.9M units), Brazil (7.4M units) and the United States (6.9M units) were the main destinations of umbrella exports from China, with a combined 25% share of total exports.

From April 2022 to April 2023, the biggest increases were in Brazil (with a CAGR of +9.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($50M), Japan ($26M) and South Korea ($26M) were the largest markets for umbrella exported from China worldwide, with a combined 34% share of total exports. the Philippines, India, Brazil, Mexico, Thailand, the UK, Germany, Indonesia, Myanmar and Russia lagged somewhat behind, together comprising a further 31%.

In terms of the main countries of destination, Brazil, with a CAGR of +10.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Exports by Type

Umbrellas and sun umbrellas (other than having a telescopic shaft or garden umbrellas) (44M units), umbrellas having a telescopic shaft (excluding garden umbrellas) (39M units) and garden or similar umbrellas (5.3M units) were the main products of umbrella exports from China.

From April 2022 to April 2023, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by umbrellas having a telescopic shaft (excluding garden umbrellas) (with a CAGR of +4.7%), while the other products experienced mixed trend patterns.

In value terms, the most traded types of umbrellas in China were umbrellas and sun umbrellas (other than having a telescopic shaft or garden umbrellas) ($116M), umbrellas having a telescopic shaft (excluding garden umbrellas) ($108M) and garden or similar umbrellas ($81M).

Among the main product categories, umbrellas having a telescopic shaft (excluding garden umbrellas), with a CAGR of +5.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other products experienced mixed trend patterns.

Export Prices by Country

In April 2023, the umbrella price stood at $3.4 per unit (FOB, China), waning by -14% against the previous month. In general, the export price saw a perceptible reduction. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 14% month-to-month. Over the period under review, the average export prices attained the peak figure at $4.7 per unit in February 2023; however, from March 2023 to April 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($7.2 per unit), while the average price for exports to Brazil ($1.7 per unit) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+1.7%), 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 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    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 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    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, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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