Eastern Europe: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in Eastern Europe

The East European umbrella and walking-stick market totaled $X in 2022, growing by 9.1% against the previous year. In general, consumption, however, recorded a mild reduction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Umbrella And Walking-Stick Production in Eastern Europe

In value terms, umbrella and walking-stick production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a deep setback. The pace of growth appeared the most rapid in 2018 when the production volume increased by 35% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Umbrella And Walking-Stick Exports

Exports in Eastern Europe

In 2022, shipments abroad of umbrellas and walking-sticks increased by 22% to X units, rising for the second consecutive year after two years of decline. Total exports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.0% against 2020 indices. The growth pace was the most rapid in 2018 when exports increased by 26% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, umbrella and walking-stick exports expanded modestly to $X in 2022. Over the period under review, exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2021 when exports increased by 38% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, Belarus (X units) was the major exporter of umbrellas and walking-sticks, achieving 43% of total exports. Poland (X units) ranks second in terms of the total exports with a 24% share, followed by the Czech Republic (14%), Hungary (6.7%), Slovakia (4.9%) and Romania (4.6%). Russia (X units) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +24.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest umbrella and walking-stick supplying countries in Eastern Europe were Poland ($X), the Czech Republic ($X) and Slovakia ($X), together comprising 77% of total exports. Hungary, Romania, Belarus and Russia lagged somewhat behind, together comprising a further 14%.

Hungary, with a CAGR of +18.0%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, with a decrease of -15.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2014 an increase of 22% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2021, and then dropped significantly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+15.5%), while the other leaders experienced mixed trends in the export price figures.

Umbrella And Walking-Stick Imports

Imports in Eastern Europe

In 2022, the amount of umbrellas and walking-sticks imported in Eastern Europe contracted to X units, stabilizing at 2021 figures. Over the period under review, imports continue to indicate a mild decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 33% against the previous year. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, umbrella and walking-stick imports rose slightly to $X in 2022. Total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +2.3% 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 +34.2% against 2020 indices. The growth pace was the most rapid in 2014 when imports increased by 31% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Russia (X units) and Poland (X units) were the major importers of umbrellas and walking-sticks in 2022, resulting at approx. 27% and 26% of total imports, respectively. The Czech Republic (X units) took the next position in the ranking, followed by Belarus (X units), Hungary (X units) and Romania (X units). All these countries together held approx. 35% share of total imports. Bulgaria (X units) and Slovakia (X units) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +13.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest umbrella and walking-stick importing markets in Eastern Europe were Poland ($X), the Czech Republic ($X) and Russia ($X), with a combined 62% share of total imports. Romania, Hungary, Slovakia, Bulgaria and Belarus lagged somewhat behind, together accounting for a further 30%.

Among the main importing countries, Hungary, with a CAGR of +12.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per unit, surging by 3.8% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. The pace of growth appeared the most rapid in 2013 an increase of 17% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+10.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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