Asia-Pacific: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in Asia-Pacific

The Asia-Pacific umbrella and walking-stick market rose notably to $X in 2022, surging by 8.2% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Umbrella And Walking-Stick Production in Asia-Pacific

In value terms, umbrella and walking-stick production reduced slightly to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced curtailment. The pace of growth was the most pronounced in 2021 with an increase of 6.1%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Umbrella And Walking-Stick Exports

Exports in Asia-Pacific

In 2022, overseas shipments of umbrellas and walking-sticks increased by 93% to X units, rising for the second consecutive year after eight years of decline. Overall, exports, however, continue to indicate a perceptible shrinkage. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, umbrella and walking-stick exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 27%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

China dominates exports structure, finishing at X units, which was approx. 96% of total exports in 2022. Cambodia (X units) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of -2.0% from 2012 to 2022. At the same time, Cambodia (+16.4%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +16.4% from 2012-2022. Cambodia (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest umbrella and walking-stick supplier in Asia-Pacific, comprising 96% of total exports. The second position in the ranking was taken by Cambodia ($X), with a 1.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China amounted to +2.1%.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, falling by -38.6% against the previous year. Overall, the export price, however, showed a notable increase. The pace of growth was the most pronounced in 2018 when the export price increased by 60% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a 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 China ($X per unit), while Cambodia stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.2%).

Umbrella And Walking-Stick Imports

Imports in Asia-Pacific

After five years of decline, purchases abroad of umbrellas and walking-sticks increased by 24% to X units in 2022. In general, imports, however, showed a noticeable curtailment. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, umbrella and walking-stick imports rose remarkably to $X in 2022. Over the period under review, imports, however, recorded a pronounced shrinkage. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Japan (X units) was the key importer of umbrellas and walking-sticks, making up 35% of total imports. South Korea (X units) ranks second in terms of the total imports with a 17% share, followed by the Philippines (9.2%), India (8.4%), Thailand (5.8%) and Taiwan (Chinese) (5.6%). Australia (X units) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to umbrella and walking-stick imports into Japan stood at -3.4%. At the same time, India (+13.7%) and South Korea (+2.5%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +13.7% from 2012-2022. Australia experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-5.6%), the Philippines (-6.4%) and Thailand (-6.9%) illustrated a downward trend over the same period. South Korea (+7.9 p.p.), India (+6.9 p.p.), Japan (+1.5 p.p.) and Australia (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while Thailand and the Philippines saw its share reduced by -2.2% and -2.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest umbrella and walking-stick importing markets in Asia-Pacific were Japan ($X), South Korea ($X) and Australia ($X), with a combined 73% share of total imports.

Australia, with a CAGR of +5.3%, saw the highest rates of growth with regard to 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

In 2022, the import price in Asia-Pacific amounted to $X per unit, declining by -10.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2020 an increase of 15%. Over the period under review, import prices reached the peak figure at $X per unit in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per unit), while the Philippines ($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

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