Australia: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in Australia

In 2022, the Australian umbrella and walking-stick market increased by 17% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +106.6% against 2020 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Umbrella And Walking-Stick Exports

Exports from Australia

In 2022, the amount of umbrellas and walking-sticks exported from Australia dropped significantly to X units, waning by -50% compared with 2021. In general, exports, however, recorded notable growth. The most prominent rate of growth was recorded in 2021 with an increase of 274%. As a result, the exports attained the peak of X units, and then contracted notably in the following year.

In value terms, umbrella and walking-stick exports surged to $X in 2022. Over the period under review, exports recorded a slight setback. The pace of growth was the most pronounced in 2016 with an increase of 84% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X units) was the main destination for umbrella and walking-stick exports from Australia, accounting for a 69% share of total exports. Moreover, umbrella and walking-stick exports to New Zealand exceeded the volume sent to the second major destination, Papua New Guinea (X units), fivefold. The third position in this ranking was held by the United States (X units), with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume to New Zealand amounted to +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+2.4% per year) and the United States (+18.3% per year).

In value terms, the United States ($X), New Zealand ($X) and Papua New Guinea ($X) were the largest markets for umbrella and walking-stick exported from Australia worldwide, with a combined 69% share of total exports. Ireland and the United Arab Emirates lagged somewhat behind, together accounting for a further 4.3%.

Ireland, with a CAGR of +18.5%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, picking up by 151% against the previous year. In general, the export price, however, showed a pronounced slump. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to New Zealand ($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 the United Arab Emirates (+14.8%), while the prices for the other major destinations experienced a decline.

Umbrella And Walking-Stick Imports

Imports into Australia

In 2022, the amount of umbrellas and walking-sticks imported into Australia skyrocketed to X units, growing by 38% compared with the previous year. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 39%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, umbrella and walking-stick imports rose markedly to $X in 2022. Overall, imports posted a strong expansion. The growth pace was the most rapid in 2021 when imports increased by 88% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) was the main supplier of umbrella and walking-stick to Australia, accounting for a 96% share of total imports. It was followed by Taiwan (Chinese) (X units), with a 1.2% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of umbrellas and walking-sticks to Australia, comprising 92% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 1.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +5.4%.

Import Prices by Country

The average umbrella and walking-stick import price stood at $X per unit in 2022, dropping by -19.1% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, umbrella and walking-stick import price increased by +3.8% against 2018 indices. The growth pace was the most rapid in 2021 when the average import price increased by 35%. As a result, import price attained the peak level of $X per unit, and then shrank markedly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :