EU: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in the EU

In 2022, the EU umbrella and walking-stick market increased by 31% to $X, rising for the second year in a row after two years of decline. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +61.9% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Umbrella And Walking-Stick Production in the EU

In value terms, umbrella and walking-stick production soared to $X in 2022 estimated in export price. The total production indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +19.0% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 21%. Over the period under review, production hit record highs in 2022 and is expected to retain growth in the near future.

Umbrella And Walking-Stick Exports

Exports in the EU

In 2022, the amount of umbrellas and walking-sticks exported in the European Union surged to X units, with an increase of 15% compared with the previous year's figure. The total export volume increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 36% 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 declined to $X in 2022. Total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 +61.8% against 2015 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 33%. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

In 2022, Greece (X units) was the major exporter of umbrellas and walking-sticks, achieving 34% of total exports. The Netherlands (X units) took the second position in the ranking, followed by Germany (X units), Poland (X units) and Spain (X units). All these countries together took near 43% share of total exports. The following exporters - Austria (X units), France (X units), Italy (X units) and the Czech Republic (X units) - together made up 14% of total exports.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +60.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest umbrella and walking-stick supplying countries in the European Union were the Netherlands ($X), Germany ($X) and Austria ($X), together comprising 45% of total exports. Poland, Italy, the Czech Republic, Spain, France and Greece lagged somewhat behind, together comprising a further 37%.

In terms of the main exporting countries, Greece, with a CAGR of +36.1%, saw the highest rates of growth with regard to the value of exports, 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 the European Union amounted to $X per unit, which is down by -19.8% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 23%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the export prices failed to regain momentum.

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 Austria ($X per unit), while Greece ($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 more modest paces of growth.

Umbrella And Walking-Stick Imports

Imports in the EU

In 2022, the amount of umbrellas and walking-sticks imported in the European Union skyrocketed to X units, rising by 32% compared with 2021 figures. The total import volume increased at an average annual rate of +3.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, umbrella and walking-stick imports expanded sharply to $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +42.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Germany (X units) and Greece (X units) represented roughly 39% of total imports in 2022. Italy (X units) ranks next in terms of the total imports with a 10% share, followed by Spain (8.8%), France (8.6%), the Netherlands (8.1%) and Poland (5.2%).

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +33.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest umbrella and walking-stick importing markets in the European Union were Germany ($X), France ($X) and Italy ($X), with a combined 48% share of total imports. The Netherlands, Spain, Poland and Greece lagged somewhat behind, together comprising a further 26%.

Greece, with a CAGR of +15.0%, recorded the highest rates of growth with regard to the value of imports, in terms of 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

The import price in the European Union stood at $X per unit in 2022, shrinking by -19.9% against the previous year. Import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 an increase of 24%. As a result, import price reached the peak level of $X per unit, and then contracted markedly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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