Czech Republic: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in the Czech Republic

The Czech umbrella and walking-stick market surged to $X in 2022, with an increase of 38% against the previous year. In general, consumption recorded a remarkable increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Umbrella And Walking-Stick Production in the Czech Republic

In value terms, umbrella and walking-stick production shrank to $X in 2022 estimated in export price. In general, production continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 7.9% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Umbrella And Walking-Stick Exports

Exports from the Czech Republic

Umbrella and walking-stick exports from the Czech Republic fell significantly to X units in 2022, with a decrease of -26.8% compared with 2021. Over the period under review, exports saw a deep contraction. The growth pace was the most rapid in 2018 when exports increased by 63% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, umbrella and walking-stick exports amounted to $X in 2022. In general, exports, however, showed a pronounced expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 89% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Germany (X units) was the main destination for umbrella and walking-stick exports from the Czech Republic, accounting for a 30% share of total exports. Moreover, umbrella and walking-stick exports to Germany exceeded the volume sent to the second major destination, Slovakia (X units), fourfold. The United States (X units) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to -10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-1.7% per year) and the United States (-10.5% per year).

In value terms, Germany ($X) remains the key foreign market for umbrellas and walking-sticks exports from the Czech Republic, comprising 35% of total exports. The second position in the ranking was taken by the United States ($X), with an 8.9% share of total exports. It was followed by Switzerland, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+6.9% per year) and Switzerland (+8.0% per year).

Export Prices by Country

The average umbrella and walking-stick export price stood at $X per unit in 2022, picking up by 38% against the previous year. Overall, the export price posted strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Romania ($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 South Korea (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

Umbrella And Walking-Stick Imports

Imports into the Czech Republic

In 2022, imports of umbrellas and walking-sticks into the Czech Republic surged to X units, growing by 32% against the previous year. The total import volume increased at an average annual rate of +2.3% 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, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, umbrella and walking-stick imports surged to $X in 2022. Overall, total imports indicated a resilient expansion 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, imports increased by +37.1% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of 27% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest umbrella and walking-stick supplier to the Czech Republic, accounting for a 60% share of total imports. Moreover, umbrella and walking-stick imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), threefold. The third position in this ranking was taken by Germany (X units), with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+31.8% per year) and Germany (+6.6% per year).

In value terms, China ($X) constituted the largest supplier of umbrellas and walking-sticks to the Czech Republic, comprising 55% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 20% share of total imports. It was followed by Poland, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+33.7% per year) and Poland (+7.6% per year).

Import Prices by Country

The average umbrella and walking-stick import price stood at $X per unit in 2022, declining by -8.4% against the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, umbrella and walking-stick import price increased by +59.8% against 2012 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 12%. Over the period under review, average import prices attained the peak figure at $X per unit in 2021, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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