Bahrain: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in Bahrain

In 2022, the Bahraini umbrella and walking-stick market increased by 38% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption showed pronounced growth. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Umbrella And Walking-Stick Exports

Exports from Bahrain

In 2022, approx. X units of umbrellas and walking-sticks were exported from Bahrain; jumping by 124% on 2021. Over the period under review, exports, however, showed a noticeable shrinkage. The pace of growth was the most pronounced in 2015 when exports increased by 2,030%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, umbrella and walking-stick exports soared to $X in 2022. Overall, exports, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2015 with an increase of 1,752%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Oman (X units) was the main destination for umbrella and walking-stick exports from Bahrain, accounting for a 50% share of total exports. Moreover, umbrella and walking-stick exports to Oman exceeded the volume sent to the second major destination, Qatar (X units), twofold. The third position in this ranking was taken by Saudi Arabia (X units), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Oman totaled +51.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-17.6% per year) and Saudi Arabia (+13.7% per year).

In value terms, the largest markets for umbrella and walking-stick exported from Bahrain were Qatar ($X), Oman ($X) and Germany ($X), with a combined 78% share of total exports.

In terms of the main countries of destination, Oman, with a CAGR of +13.9%, saw the highest growth rate of 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

In 2022, the average umbrella and walking-stick export price amounted to $X per unit, waning by -12.7% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 89% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Saudi Arabia ($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 Qatar (+4.6%), while the prices for the other major destinations experienced a decline.

Umbrella And Walking-Stick Imports

Imports into Bahrain

After four years of decline, purchases abroad of umbrellas and walking-sticks increased by 79% to X units in 2022. Overall, imports, however, recorded a slight reduction. The growth pace was the most rapid in 2017 when imports increased by 100% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, umbrella and walking-stick imports skyrocketed to $X in 2022. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.5% 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 +80.8% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 61%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X units) was the main supplier of umbrella and walking-stick to Bahrain, accounting for a 91% share of total imports. It was followed by Spain (X units), with a 1.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+13.2% per year) and the United Arab Emirates (-19.9% per year).

In value terms, China ($X) constituted the largest supplier of umbrellas and walking-sticks to Bahrain, comprising 65% of total imports. The second position in the ranking was held by Spain ($X), with a 2.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+16.0% per year) and the United Arab Emirates (+3.1% per year).

Import Prices by Country

The average umbrella and walking-stick import price stood at $X per unit in 2022, shrinking by -33.9% against the previous year. Overall, the import price, however, showed prominent growth. The pace of growth appeared the most rapid in 2021 an increase of 74% against the previous year. As a result, import price reached the peak level of $X per unit, and then shrank notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while the price for China ($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 (+97.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform