Eastern Asia: Umbrella Market 2020

Umbrella Market Size in Eastern Asia

The revenue of the umbrella market in Eastern Asia amounted to $X in 2018, increasing by X% against the previous year. In general, umbrella consumption continues to indicate a temperate increase. The pace of growth appeared the most rapid in 2015 when the market value increased by X% against the previous year. Over the period under review, the umbrella market reached its maximum level at $X in 2016; however, from 2017 to 2018, consumption stood at a somewhat lower figure.

Umbrella Production in Eastern Asia

In value terms, umbrella production stood at $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. The level of umbrella production peaked at $X in 2015; however, from 2016 to 2018, production failed to regain its momentum.

Production By Country in Eastern Asia

The country with the largest volume of umbrella production was China (X units), comprising approx. X% of total volume.

From 2007 to 2018, the average annual growth rate of volume in China was relatively modest.

Umbrella Exports

Exports in Eastern Asia

In 2018, the exports of umbrellas in Eastern Asia totaled X units, stabilizing at the previous year. Over the period under review, umbrella exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, umbrella exports attained their maximum at X units in 2011; however, from 2012 to 2018, exports failed to regain their momentum.

In value terms, umbrella exports stood at $X in 2018. The total exports indicated a remarkable increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, umbrella exports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. The level of exports peaked at $X in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, China (X units) represented the key exporters of umbrellas exported in Eastern Asia, generating X% of total export.

China was also the fastest-growing in terms of the umbrellas exports, with a CAGR of +X% from 2007 to 2018. From 2007 to 2018, the share of China increased by +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest umbrella supplier in Eastern Asia.

From 2007 to 2018, the average annual rate of growth in terms of value in China stood at +X%.

Export Prices by Country

In 2018, the umbrella export price in Eastern Asia amounted to $X per unit, surging by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 an increase of X% year-to-year. The level of export price peaked at $X per unit in 2015; however, from 2016 to 2018, export prices failed to regain their momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2007 to 2018, the rate of growth in terms of prices for China amounted to +X% per year.

Umbrella Imports

Imports in Eastern Asia

In 2018, the amount of umbrellas imported in Eastern Asia totaled X units, surging by X% against the previous year. In general, umbrella imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Over the period under review, umbrella imports reached their maximum at X units in 2009; however, from 2010 to 2018, imports stood at a somewhat lower figure.

In value terms, umbrella imports totaled $X in 2018. The total import value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. Over the period under review, umbrella imports attained their peak figure at $X in 2012; however, from 2013 to 2018, imports remained at a lower figure.

Imports by Country

Japan represented the largest importer of umbrellas imported in Eastern Asia, with the volume of imports reaching X units, which was approx. X% of total imports in 2018. It was distantly followed by South Korea (X units), Taiwan, Chinese (X units) and China, Hong Kong SAR (X units), together comprising a X% share of total imports.

Japan was also the fastest-growing in terms of the umbrellas imports, with a CAGR of +X% from 2007 to 2018. At the same time, South Korea (+X%) displayed positive paces of growth. Taiwan, Chinese experienced a relatively flat trend pattern. By contrast, China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. While the share of Japan (+X p.p.) and South Korea (+X p.p.) increased significantly in terms of the total imports from 2007-2018, the share of China, Hong Kong SAR (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported umbrellas in Eastern Asia, comprising X% of total umbrella imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total imports. It was followed by China, Hong Kong SAR, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Japan stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and China, Hong Kong SAR (-X% per year).

Import Prices by Country

In 2018, the umbrella import price in Eastern Asia amounted to $X per unit, declining by -X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2011 when the import price increased by X% against the previous year. Over the period under review, the import prices for umbrellas attained their peak figure at $X per unit in 2016; however, from 2017 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was China, Hong Kong SAR ($X per unit), while Taiwan, Chinese ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform