China: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in China

The Chinese umbrella and walking-stick market rose markedly to $X in 2022, picking up by 8.2% against the previous year. In general, the total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -16.7% against 2020 indices. Umbrella and walking-stick consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Umbrella And Walking-Stick Production in China

In value terms, umbrella and walking-stick production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, saw a perceptible contraction. The pace of growth appeared the most rapid in 2021 when the production volume increased by 5% against the previous year. Umbrella and walking-stick production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Umbrella And Walking-Stick Exports

Exports from China

In 2022, overseas shipments of umbrellas and walking-sticks increased by 101% to X units, rising for the second year in a row after eight years of decline. Overall, exports, however, recorded a pronounced contraction. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, umbrella and walking-stick exports soared to $X in 2022. The total export value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 28%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X units), the Philippines (X units) and Japan (X units) were the main destinations of umbrella and walking-stick exports from China, together accounting for 26% of total exports. Brazil, South Korea, Indonesia, Germany, Mexico, India, Thailand, the Netherlands, Italy and the UK lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +3.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for umbrellas and walking-sticks exports from China, comprising 21% of total exports. The second position in the ranking was taken by South Korea ($X), with a 6.6% share of total exports. It was followed by Japan, with a 6% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+7.1% per year) and Japan (-2.9% per year).

Export Prices by Country

The average umbrella and walking-stick export price stood at $X per unit in 2022, which is down by -40.7% against the previous year. Over the period under review, the export price, however, enjoyed a tangible expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 65% against the previous year. Over the period under review, the average export prices attained the maximum 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 for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Brazil ($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 UK (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Umbrella And Walking-Stick Imports

Imports into China

In 2022, purchases abroad of umbrellas and walking-sticks increased by 99% to X units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 122%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, umbrella and walking-stick imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a deep slump. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Cambodia (X units) constituted the largest umbrella and walking-stick supplier to China, with a 55% share of total imports. Moreover, umbrella and walking-stick imports from Cambodia exceeded the figures recorded by the second-largest supplier, Japan (X units), fourfold. The third position in this ranking was taken by South Korea (X units), with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume from Cambodia amounted to +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+14.0% per year) and South Korea (+1.4% per year).

In value terms, Cambodia ($X) constituted the largest supplier of umbrellas and walking-sticks to China, comprising 21% of total imports. The second position in the ranking was held by Italy ($X), with a 9.2% share of total imports. It was followed by Japan, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value from Cambodia stood at +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-3.3% per year) and Japan (+6.6% per year).

Import Prices by Country

In 2022, the average umbrella and walking-stick import price amounted to $X per unit, waning by -20.8% against the previous year. Over the period under review, the import price showed a abrupt setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by 47% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :