Umbrella and Walking-Stick Prices in China

China Umbrella and Walking-Stick Export Price in September 2022

In September 2022, the umbrella and walking-stick price amounted to $6.4 per unit (FOB, China), waning by -3.7% against the previous month. Over the period from January 2022 to September 2022, it increased at an average monthly rate of +3.3%. The most prominent rate of growth was recorded in April 2022 an increase of 11% month-to-month. The export price peaked at $6.6 per unit in August 2022, and then dropped slightly in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($10.8 per unit), while the average price for exports to Brazil ($4.2 per unit) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

China Umbrella and Walking-Stick Export Prices by Type

There were significant differences in the average prices for the major types of exported product. In August 2022, the product with the highest price was walking-sticks, seat-sticks, whips and riding-crops ($10.5 per unit), while the average price for exports of garden or similar umbrellas ($5.1 per unit) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for the following types: garden or similar umbrellas (+2.5%), while the prices for the other products experienced more modest paces of growth.

China Umbrella and Walking-Stick Exports

In September 2022, overseas shipments of umbrellas and walking-sticks increased by 15% to 39M units for the first time since March 2022, thus ending a five-month declining trend. In general, exports, however, recorded a abrupt decrease. The growth pace was the most rapid in March 2022 when exports increased by 42% against the previous month. The exports peaked at 73M units in January 2022; however, from February 2022 to September 2022, the exports failed to regain momentum.

In value terms, umbrella and walking-stick exports rose notably to $250M (IndexBox estimates) in September 2022. Over the period under review, exports, however, saw a noticeable contraction. The pace of growth was the most pronounced in March 2022 with an increase of 42% m-o-m. Over the period under review, the exports attained the peak figure at 359M units in January 2022; however, from February 2022 to September 2022, the exports stood at a somewhat lower figure.

China Umbrella and Walking-Stick Exports by Type

Umbrellas and sun umbrellas (other than having a telescopic shaft or garden umbrellas) (12M units), umbrellas having a telescopic shaft (excluding garden umbrellas) (9.9M units) and garden or similar umbrellas (8.3M units) were the main products of umbrella and walking-stick exports from China, together accounting for 95% of total exports.

From January 2022 to August 2022, 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 +3.3%), while the other products experienced mixed trend patterns.

In value terms, umbrellas having a telescopic shaft (excluding garden umbrellas) ($84M), umbrellas and sun umbrellas (other than having a telescopic shaft or garden umbrellas) ($83M) and garden or similar umbrellas ($42M) appeared to be the most exported types of umbrellas and walking-sticks from China worldwide, with a combined 93% share of total exports.

Umbrellas having a telescopic shaft (excluding garden umbrellas), with a CAGR of +5.0%, saw 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.

China Umbrella and Walking-Stick Exports by Country

The United States (4.5M units), the Philippines (2.8M units) and Brazil (2.5M units) were the main destinations of umbrella and walking-stick exports from China, with a combined 25% share of total exports. South Korea, Japan, Germany, Indonesia, the Netherlands, Australia, Thailand, France, Vietnam and Spain lagged somewhat behind, together accounting for a further 33%.

From January 2022 to September 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +12.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($31M), the Philippines ($21M) and South Korea ($20M) constituted the largest markets for umbrella and walking-stick exported from China worldwide, together comprising 29% of total exports. These countries were followed by Japan, Brazil, Australia, Germany, Indonesia, Thailand, Vietnam, the Netherlands, France and Spain, which together accounted for a further 32%.

Among the main countries of destination, Vietnam, with a CAGR of +23.7%, 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.

Source: IndexBox Market Intelligence Platform