Israel: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in Israel

After three years of growth, the Israeli umbrella and walking-stick market decreased by -12% to $X in 2022. Over the period under review, the total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% 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 +46.6% against 2018 indices. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Umbrella And Walking-Stick Exports

Exports from Israel

In 2022, approx. X units of umbrellas and walking-sticks were exported from Israel; picking up by 326% against the year before. Overall, exports posted a buoyant increase. Over the period under review, the exports reached the peak figure at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, umbrella and walking-stick exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 91% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for umbrella and walking-stick exports from Israel, with a 49% share of total exports. Moreover, umbrella and walking-stick exports to the United States exceeded the volume sent to the second major destination, Romania (X units), fivefold. The third position in this ranking was taken by Armenia (X units), with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +100.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-2.2% per year) and Armenia (+246.3% per year).

In value terms, the United States ($X) remains the key foreign market for umbrellas and walking-sticks exports from Israel, comprising 47% of total exports. The second position in the ranking was taken by Romania ($X), with a 13% share of total exports. It was followed by Armenia, with a 7% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +37.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-4.1% per year) and Armenia (+162.1% per year).

Export Prices by Country

In 2022, the average umbrella and walking-stick export price amounted to $X per unit, which is down by -65% against the previous year. In general, the export price recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 an increase of 178%. The export price peaked at $X per unit in 2016; however, from 2017 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 France ($X per unit), while the average price for exports to Armenia ($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 Hong Kong SAR (+31.7%), while the prices for the other major destinations experienced more modest paces of growth.

Umbrella And Walking-Stick Imports

Imports into Israel

In 2022, the amount of umbrellas and walking-sticks imported into Israel fell sharply to X units, waning by -22.9% on 2021. Over the period under review, imports continue to indicate a noticeable slump. The pace of growth appeared the most rapid in 2016 when imports increased by 73%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, umbrella and walking-stick imports shrank to $X in 2022. In general, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 +60.6% against 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of 39% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

In 2022, China (X units) was the main umbrella and walking-stick supplier to Israel, accounting for a 91% share of total imports. It was followed by Hong Kong SAR (X units), with a 2.9% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of umbrellas and walking-sticks to Israel, comprising 84% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 1.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +5.8%.

Import Prices by Country

In 2022, the average umbrella and walking-stick import price amounted to $X per unit, surging by 21% against the previous year. Over the period under review, the import price recorded a buoyant increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 66%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Hong Kong SAR totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.6%).

Source: IndexBox Platform

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