Eastern Asia: Walking-Sticks And Whips Market 2024

Walking-Sticks And Whips Market Size in Eastern Asia

The East Asian walking-sticks and whips market contracted dramatically to $X in 2021, shrinking by -59.7% against the previous year. In general, consumption showed a perceptible shrinkage. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Walking-Sticks And Whips Production in Eastern Asia

In value terms, walking-sticks and whips production totaled $X in 2021 estimated in export price. The total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -32.1% against 2013 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 80% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Walking-Sticks And Whips Exports

Exports in Eastern Asia

In 2021, the amount of walking-sticks, seat-sticks, whips and riding-crops exported in Eastern Asia soared to X tons, jumping by 51% on 2020. In general, exports recorded a noticeable expansion. The most prominent rate of growth was recorded in 2017 with an increase of 236%. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, walking-sticks and whips exports surged to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +95.1% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, finishing at X tons, which was near 95% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), achieving a 5.2% share of total exports.

China was also the fastest-growing in terms of the walking-sticks, seat-sticks, whips and riding-crops exports, with a CAGR of +3.5% from 2012 to 2021. At the same time, Taiwan (Chinese) (+1.9%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest walking-sticks and whips supplier in Eastern Asia, comprising 91% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 8.2% share of total exports.

In China, walking-sticks and whips exports expanded at an average annual rate of +8.3% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, increasing by 8.2% against the previous year. Overall, the export price enjoyed a moderate expansion. The pace of growth was the most pronounced in 2016 when the export price increased by 205%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.7%).

Walking-Sticks And Whips Imports

Imports in Eastern Asia

Walking-sticks and whips imports skyrocketed to X tons in 2021, picking up by 27% on the previous year. Overall, imports showed a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, walking-sticks and whips imports surged to $X in 2021. In general, imports saw a relatively flat trend pattern. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Japan (X tons) represented the key importer of walking-sticks, seat-sticks, whips and riding-crops, creating 50% of total imports. South Korea (X tons) held the second position in the ranking, distantly followed by Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons). All these countries together took near 47% share of total imports. China (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Taiwan (Chinese) (with a CAGR of +15.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and Taiwan (Chinese) ($X) were the countries with the highest levels of imports in 2021, with a combined 87% share of total imports.

Taiwan (Chinese), with a CAGR of +24.3%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, stabilizing at the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 8.3%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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