India: Walking-Sticks And Whips Market 2024

Walking-Sticks And Whips Market Size in India

The Indian walking-sticks and whips market shrank to $X in 2021, reducing by -1.9% against the previous year. Overall, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +9.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -3.0% against 2018 indices. Walking-sticks and whips consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Walking-Sticks And Whips Production in India

In value terms, walking-sticks and whips production fell modestly to $X in 2021 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +10.0% 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 -2.7% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of 40% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Walking-Sticks And Whips Exports

Exports from India

After two years of growth, shipments abroad of walking-sticks, seat-sticks, whips and riding-crops decreased by -11.2% to X tons in 2021. In general, exports recorded a deep setback. The growth pace was the most rapid in 2015 with an increase of 10,931%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, walking-sticks and whips exports amounted to $X in 2021. Overall, exports, however, showed a noticeable expansion. The pace of growth was the most pronounced in 2015 when exports increased by 9,896%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for walking-sticks and whips exports from India, accounting for a 47% share of total exports. Moreover, walking-sticks and whips exports to the United Arab Emirates exceeded the volume sent to the second major destination, the United States (X kg), twofold. The third position in this ranking was taken by the UK (X kg), with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +22.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-13.3% per year) and the UK (+15.3% per year).

In value terms, the United States ($X) remains the key foreign market for walking-sticks and whips exports from India, comprising 37% of total exports. The second position in the ranking was held by the UK ($X), with an 8% share of total exports. It was followed by Iraq, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+38.4% per year) and Iraq (+90.4% per year).

Export Prices by Country

The average walking-sticks and whips export price stood at $X per ton in 2021, rising by 23% against the previous year. Over the period under review, the export price saw a buoyant increase. The pace of growth appeared the most rapid in 2017 an increase of 262%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Djibouti ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.

Walking-Sticks And Whips Imports

Imports into India

In 2021, walking-sticks and whips imports into India skyrocketed to X tons, increasing by 23% on 2020 figures. Overall, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2016 when imports increased by 67% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, walking-sticks and whips imports soared to $X in 2021. In general, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 46% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of walking-sticks and whips to India, accounting for a 62% share of total imports. Moreover, walking-sticks and whips imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), twofold. Hong Kong SAR (X tons) ranked third in terms of total imports with a 9% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+177.0% per year) and Hong Kong SAR (+35.6% per year).

In value terms, China ($X) constituted the largest supplier of walking-sticks and whips to India, comprising 78% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with an 11% share of total imports. It was followed by the United Arab Emirates, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+47.6% per year) and the United Arab Emirates (+76.5% per year).

Import Prices by Country

The average walking-sticks and whips import price stood at $X per ton in 2021, surging by 3.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2018 an increase of 22%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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