Estonia: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in Estonia

The Estonian umbrella and walking-stick market soared to $X in 2022, increasing by 21% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a relatively flat trend pattern. Umbrella and walking-stick consumption peaked in 2022 and is expected to retain growth in the near future.

Umbrella And Walking-Stick Exports

Exports from Estonia

In 2022, overseas shipments of umbrellas and walking-sticks increased by 4.5% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 88%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, umbrella and walking-stick exports rose modestly to $X in 2022. Overall, exports, however, recorded a deep slump. The growth pace was the most rapid in 2016 when exports increased by 133% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X units) was the main destination for umbrella and walking-stick exports from Estonia, accounting for a 84% share of total exports. Moreover, umbrella and walking-stick exports to Russia exceeded the volume sent to the second major destination, Finland (X units), more than tenfold. The third position in this ranking was held by Latvia (X units), with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+4.2% per year) and Latvia (-12.2% per year).

In value terms, Russia ($X) remains the key foreign market for umbrellas and walking-sticks exports from Estonia, comprising 68% of total exports. The second position in the ranking was held by Latvia ($X), with a 6.2% share of total exports. It was followed by Finland, with a 3.4% share.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to -12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (-8.6% per year) and Finland (+5.7% per year).

Export Prices by Country

The average umbrella and walking-stick export price stood at $X per unit in 2022, remaining constant against the previous year. In general, the export price saw a deep setback. The pace of growth appeared the most rapid in 2015 when the average export price increased by 53% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($X per unit), while the average price for exports to Russia ($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 Latvia (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.

Umbrella And Walking-Stick Imports

Imports into Estonia

In 2022, overseas purchases of umbrellas and walking-sticks increased by 15% to X units, rising for the second consecutive year after four years of decline. Over the period under review, imports, however, showed a mild shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 61% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, umbrella and walking-stick imports skyrocketed to $X in 2022. Overall, total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.3% 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 +73.1% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 29% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest umbrella and walking-stick supplier to Estonia, with a 69% share of total imports. Moreover, umbrella and walking-stick imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. Finland (X units) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.4% per year) and Finland (+13.7% per year).

In value terms, China ($X) constituted the largest supplier of umbrellas and walking-sticks to Estonia, comprising 69% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by the Netherlands, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+14.4% per year) and the Netherlands (+26.5% per year).

Import Prices by Country

In 2022, the average umbrella and walking-stick import price amounted to $X per unit, increasing by 3.2% against the previous year. In general, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.7% 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 +81.6% against 2016 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 29%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Latvia ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform