Austria: Umbrella Market 2024

Umbrella Market Size in Austria

The Austrian umbrella market skyrocketed to $X in 2022, rising by 18% against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Umbrella Production in Austria

In value terms, umbrella production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 2,474% against the previous year. Umbrella production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Umbrella Exports

Exports from Austria

In 2022, umbrella exports from Austria contracted to X units, falling by -2.5% against 2021. In general, total exports indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +7.9% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 47% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, umbrella exports dropped modestly to $X in 2022. Overall, total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 44% against the previous year. As a result, the exports attained the peak of $X, and then declined modestly in the following year.

Exports by Country

Germany (X units) was the main destination for umbrella exports from Austria, with a 43% share of total exports. Moreover, umbrella exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X units), twofold. The third position in this ranking was held by Italy (X units), with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled -3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+14.7% per year) and Italy (+24.2% per year).

In value terms, Germany ($X) remains the key foreign market for umbrellas exports from Austria, comprising 53% of total exports. The second position in the ranking was held by the Czech Republic ($X), with an 8.5% share of total exports. It was followed by the Netherlands, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+14.6% per year) and the Netherlands (+21.0% per year).

Export Prices by Country

The average umbrella export price stood at $X per unit in 2022, reducing by -1.9% against the previous year. Overall, the export price, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 30%. As a result, the export price attained the peak level of $X per unit, and then shrank slightly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Slovenia ($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 Germany (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Umbrella Imports

Imports into Austria

In 2022, imports of umbrellas into Austria rose remarkably to X units, surging by 8.9% compared with 2021. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 14% against the previous year. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, umbrella imports fell to $X in 2022. In general, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +33.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 35%. As a result, imports attained the peak of $X, and then dropped slightly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of umbrella to Austria, with a 69% share of total imports. Moreover, umbrella imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Slovakia (X units) ranked third in terms of total imports with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.3% per year) and Slovakia (+3.8% per year).

In value terms, China ($X) constituted the largest supplier of umbrellas to Austria, comprising 53% of total imports. The second position in the ranking was held by Germany ($X), with a 26% share of total imports. It was followed by Slovakia, with a 3.4% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.0% per year) and Slovakia (-3.3% per year).

Import Prices by Country

In 2022, the average umbrella import price amounted to $X per unit, dropping by -9.1% against the previous year. In general, the import price, however, posted a notable increase. The growth pace was the most rapid in 2020 an increase of 43% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2021, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform