ASEAN: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in ASEAN

The ASEAN umbrella and walking-stick market dropped slightly to $X in 2022, flattening at the previous year. In general, consumption, however, saw a slight curtailment. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Umbrella And Walking-Stick Production in ASEAN

In value terms, umbrella and walking-stick production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 28% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Umbrella And Walking-Stick Exports

Exports in ASEAN

In 2022, umbrella and walking-stick exports in ASEAN rose to X units, picking up by 1.7% on the year before. In general, exports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2015 with an increase of 81% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, umbrella and walking-stick exports rose remarkably to $X in 2022. Over the period under review, exports posted resilient growth. The growth pace was the most rapid in 2015 when exports increased by 47%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Cambodia (X units) represented the key exporter of umbrellas and walking-sticks, mixing up 81% of total exports. It was distantly followed by Vietnam (X units), mixing up a 13% share of total exports. Myanmar (X units) followed a long way behind the leaders.

Exports from Cambodia increased at an average annual rate of +16.4% from 2012 to 2022. At the same time, Myanmar (+41.4%) and Vietnam (+10.5%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +41.4% from 2012-2022. While the share of Cambodia (+15 p.p.) and Myanmar (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Vietnam (-4.7 p.p.) displayed negative dynamics.

In value terms, Cambodia ($X) remains the largest umbrella and walking-stick supplier in ASEAN, comprising 70% of total exports. The second position in the ranking was held by Vietnam ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Cambodia amounted to +12.6%. In the other countries, the average annual rates were as follows: Vietnam (+6.8% per year) and Myanmar (+31.3% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, increasing by 5.4% against the previous year. Overall, the export price, however, saw a noticeable decrease. The pace of growth was the most pronounced in 2017 an increase of 8.1% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (-3.3%), while the other leaders experienced a decline in the export price figures.

Umbrella And Walking-Stick Imports

Imports in ASEAN

In 2022, purchases abroad of umbrellas and walking-sticks increased by 31% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, continue to indicate a deep reduction. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, umbrella and walking-stick imports totaled $X in 2022. In general, imports, however, recorded a slight downturn. The growth pace was the most rapid in 2017 with an increase of 41%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Philippines (X units), distantly followed by Thailand (X units), Myanmar (X units), Malaysia (X units), Indonesia (X units) and Singapore (X units) were the main importers of umbrellas and walking-sticks, together constituting 96% of total imports. Vietnam (X units) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +42.2%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Indonesia ($X), the Philippines ($X) and Thailand ($X) were the countries with the highest levels of imports in 2022, with a combined 61% share of total imports. Malaysia, Singapore, Vietnam and Myanmar lagged somewhat behind, together comprising a further 36%.

Myanmar, with a CAGR of +16.9%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, waning by -14% against the previous year. Import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 an increase of 26% against the previous year. The level of import peaked at $X per unit in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+12.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform