Benelux: Umbrella Market 2024

Umbrella Market Size in Benelux

In 2022, the Benelux umbrella market increased by 48% to $X, rising for the third consecutive year after four years of decline. Overall, consumption enjoyed buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Umbrella Production in Benelux

In value terms, umbrella production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2015 when the production volume increased by 31% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Umbrella Exports

Exports in Benelux

Umbrella exports dropped remarkably to X units in 2022, waning by -30.6% compared with the previous year. Total exports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +2.9% 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 2021 when exports increased by 41%. As a result, the exports reached the peak of X units, and then contracted markedly in the following year.

In value terms, umbrella exports reduced markedly to $X in 2022. Over the period under review, exports, however, continue to indicate a notable expansion. The pace of growth was the most pronounced in 2018 when exports increased by 30% against the previous year. The level of export peaked at $X in 2021, and then declined sharply in the following year.

Exports by Country

The Netherlands prevails in exports structure, recording X units, which was near 92% of total exports in 2022. It was distantly followed by Belgium (X units), creating an 8.3% share of total exports.

The Netherlands was also the fastest-growing in terms of the umbrellas exports, with a CAGR of +7.4% from 2012 to 2022. Belgium (-12.2%) illustrated a downward trend over the same period. The Netherlands (+32 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -32.1% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest umbrella supplier in Benelux, comprising 80% of total exports. The second position in the ranking was taken by Belgium ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands amounted to +8.5%.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per unit, waning by -3.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2020 when the export price increased by 28% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the export prices failed to regain momentum.

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 Belgium ($X per unit), while the Netherlands amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+9.7%).

Umbrella Imports

Imports in Benelux

After two years of growth, purchases abroad of umbrellas decreased by -13.5% to X units in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 18% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then reduced in the following year.

In value terms, umbrella imports contracted significantly to $X in 2022. Over the period under review, imports, however, recorded a notable expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. As a result, imports reached the peak of $X, and then fell significantly in the following year.

Imports by Country

In 2022, the Netherlands (X units) was the major importer of umbrellas, comprising 84% of total imports. It was distantly followed by Belgium (X units), achieving a 15% share of total imports.

The Netherlands was also the fastest-growing in terms of the umbrellas imports, with a CAGR of +2.5% from 2012 to 2022. Belgium (-8.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands increased by +21 percentage points.

In value terms, the Netherlands ($X) constitutes the largest market for imported umbrellas in Benelux, comprising 72% of total imports. The second position in the ranking was taken by Belgium ($X), with a 27% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands amounted to +7.3%.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per unit, with a decrease of -12.2% against the previous year. Import price indicated a temperate increase 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 import price increased by +68.4% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the import price increased by 20%. Over the period under review, import prices attained the peak figure at $X per unit in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belgium ($X per unit), while the Netherlands totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+9.3%).

Source: IndexBox Platform