France: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in France

In 2022, the French umbrella and walking-stick market increased by 12% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Umbrella And Walking-Stick Production in France

In value terms, umbrella and walking-stick production stood at $X in 2022 estimated in export price. Overall, production, however, saw a mild shrinkage. The pace of growth was the most pronounced in 2018 when the production volume increased by 14%. Umbrella and walking-stick production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Umbrella And Walking-Stick Exports

Exports from France

In 2022, the amount of umbrellas and walking-sticks exported from France declined to X units, which is down by -14.2% against 2021 figures. In general, exports recorded a pronounced reduction. The pace of growth appeared the most rapid in 2019 with an increase of 14% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, umbrella and walking-stick exports contracted modestly to $X in 2022. The total export value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 24% against the previous year. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

Spain (X units), Italy (X units) and Germany (X units) were the main destinations of umbrella and walking-stick exports from France, with a combined 45% share of total exports. Belgium, Portugal, Poland, Switzerland, the Netherlands, the UK, Hungary and Ireland lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of +11.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for umbrella and walking-stick exported from France were Belgium ($X), Spain ($X) and Germany ($X), with a combined 36% share of total exports. Italy, Switzerland, the UK, the Netherlands, Portugal, Poland, Ireland and Hungary lagged somewhat behind, together comprising a further 35%.

The Netherlands, with a CAGR of +14.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average umbrella and walking-stick export price stood at $X per unit in 2022, rising by 15% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% 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 export price increased by +48.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 25%. The export price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Hungary ($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 the Netherlands (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Umbrella And Walking-Stick Imports

Imports into France

In 2022, supplies from abroad of umbrellas and walking-sticks increased by 6.9% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports, however, recorded a mild slump. The most prominent rate of growth was recorded in 2013 when imports increased by 14%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, umbrella and walking-stick imports expanded sharply to $X in 2022. In general, total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +43.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest umbrella and walking-stick supplier to France, accounting for a 62% share of total imports. Moreover, umbrella and walking-stick imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), eightfold. The third position in this ranking was taken by Belgium (X units), with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+16.2% per year) and Belgium (+25.4% per year).

In value terms, China ($X) constituted the largest supplier of umbrellas and walking-sticks to France, comprising 67% of total imports. The second position in the ranking was taken by Belgium ($X), with an 8.7% share of total imports. It was followed by Spain, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+25.3% per year) and Spain (+7.2% per year).

Import Prices by Country

The average umbrella and walking-stick import price stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Overall, import price indicated a measured increase from 2012 to 2022: its price 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, umbrella and walking-stick import price increased by +82.0% against 2016 indices. The growth pace was the most rapid in 2021 when the average import price increased by 33%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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