United Kingdom: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in the UK

The UK umbrella and walking-stick market skyrocketed to $X in 2022, jumping by 20% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Umbrella and walking-stick consumption peaked in 2022 and is likely to see steady growth in years to come.

Umbrella And Walking-Stick Production in the UK

In value terms, umbrella and walking-stick production reduced to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 30%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Umbrella And Walking-Stick Exports

Exports from the UK

For the sixth consecutive year, the UK recorded decline in overseas shipments of umbrellas and walking-sticks, which decreased by -13.8% to X units in 2022. In general, exports showed a abrupt downturn. The growth pace was the most rapid in 2013 with an increase of 37% against the previous year. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, umbrella and walking-stick exports shrank to $X in 2022. Over the period under review, exports showed a noticeable reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 23% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Ireland (X units) was the main destination for umbrella and walking-stick exports from the UK, accounting for a 21% share of total exports. Moreover, umbrella and walking-stick exports to Ireland exceeded the volume sent to the second major destination, Germany (X units), threefold. The third position in this ranking was held by France (X units), with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ireland totaled -11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-6.2% per year) and France (-17.5% per year).

In value terms, the largest markets for umbrella and walking-stick exported from the UK were Ireland ($X), the United States ($X) and Germany ($X), together accounting for 35% of total exports. Japan, the Netherlands, France, China, Australia, Spain, Sweden, South Korea, Belgium and Norway lagged somewhat behind, together comprising a further 40%.

Among the main countries of destination, Norway, with a CAGR of +12.1%, 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.

Export Prices by Country

The average umbrella and walking-stick export price stood at $X per unit in 2022, growing by 15% against the previous year. Overall, the export price posted buoyant growth. The pace of growth appeared the most rapid in 2021 an increase of 37%. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Umbrella And Walking-Stick Imports

Imports into the UK

In 2022, overseas purchases of umbrellas and walking-sticks were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a perceptible slump. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, umbrella and walking-stick imports skyrocketed to $X in 2022. Over the period under review, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.7% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) was the main umbrella and walking-stick supplier to the UK, accounting for a 90% share of total imports. It was followed by Taiwan (Chinese) (X units), with a 2.9% share of total imports. The third position in this ranking was held by Germany (X units), with a 1.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-0.2% per year) and Germany (-9.9% per year).

In value terms, China ($X) constituted the largest supplier of umbrellas and walking-sticks to the UK, comprising 87% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 2.2% share of total imports. It was followed by Germany, with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+1.5% per year) and Germany (-3.0% per year).

Import Prices by Country

In 2022, the average umbrella and walking-stick import price amounted to $X per unit, reducing by -4.3% against the previous year. Over the period under review, the import price, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 an increase of 61%. As a result, import price attained the peak level of $X per unit, and then contracted slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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