CIS: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in CIS

In 2022, the CIS umbrella and walking-stick market increased by 7.2% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, continues to indicate a noticeable shrinkage. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Umbrella And Walking-Stick Production in CIS

In value terms, umbrella and walking-stick production reduced slightly to $X in 2022 estimated in export price. In general, production, however, recorded a slight reduction. The pace of growth was the most pronounced in 2015 with an increase of 15% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Umbrella And Walking-Stick Exports

Exports in CIS

In 2022, shipments abroad of umbrellas and walking-sticks increased by 96% to X units, rising for the second year in a row after two years of decline. Overall, exports posted a resilient increase. The most prominent rate of growth was recorded in 2016 when exports increased by 584%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, umbrella and walking-stick exports surged to $X in 2022. Over the period under review, exports showed prominent growth. The pace of growth was the most pronounced in 2016 with an increase of 62%. 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

Belarus dominates exports structure, resulting at X units, which was approx. 95% of total exports in 2022. Russia (X units) followed a long way behind the leaders.

Belarus was also the fastest-growing in terms of the umbrellas and walking-sticks exports, with a CAGR of +15.9% from 2012 to 2022. At the same time, Russia (+14.0%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Belarus ($X) remains the largest umbrella and walking-stick supplier in the CIS, comprising 66% of total exports. The second position in the ranking was held by Russia ($X), with a 24% share of total exports.

In Belarus, umbrella and walking-stick exports expanded at an average annual rate of +6.1% over the period from 2012-2022.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, reducing by -40.3% against the previous year. Overall, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2015 an increase of 113%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Russia ($X per unit), while Belarus stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-1.2%).

Umbrella And Walking-Stick Imports

Imports in CIS

In 2022, purchases abroad of umbrellas and walking-sticks increased by 1.6% to X units, rising for the second consecutive year after two years of decline. Overall, imports, however, continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 77%. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, umbrella and walking-stick imports dropped to $X in 2022. Over the period under review, imports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 36%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Russia represented the major importer of umbrellas and walking-sticks in the CIS, with the volume of imports reaching X units, which was near 57% of total imports in 2022. Belarus (X units) ranks second in terms of the total imports with a 19% share, followed by Kazakhstan (8.7%) and Kyrgyzstan (6.1%). Azerbaijan (X units) and Tajikistan (X units) followed a long way behind the leaders.

Imports into Russia decreased at an average annual rate of -8.0% from 2012 to 2022. At the same time, Azerbaijan (+39.5%), Kyrgyzstan (+11.7%), Belarus (+5.9%) and Kazakhstan (+2.1%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +39.5% from 2012-2022. Tajikistan experienced a relatively flat trend pattern. Belarus (+12 p.p.), Kyrgyzstan (+4.8 p.p.), Kazakhstan (+4.1 p.p.) and Azerbaijan (+3.3 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -28% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported umbrellas and walking-sticks in the CIS, comprising 57% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 15% share of total imports. It was followed by Belarus, with an 8.9% share.

In Russia, umbrella and walking-stick imports decreased by an average annual rate of -8.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (+1.0% per year) and Belarus (-0.4% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, with a decrease of -7.2% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by 29%. Over the period under review, import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tajikistan ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tajikistan (+5.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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