Jordan: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in Jordan

In 2022, the Jordanian umbrella and walking-stick market increased by 25% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption enjoyed a prominent expansion. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Umbrella And Walking-Stick Exports

Exports from Jordan

In 2022, approx. X units of umbrellas and walking-sticks were exported from Jordan; surging by 10% on the previous year's figure. Overall, exports, however, recorded a deep setback. The pace of growth was the most pronounced in 2014 when exports increased by 43% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, umbrella and walking-stick exports reduced to $X in 2022. Over the period under review, exports, however, continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2014 when exports increased by 36%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Free Zones (X units) was the main destination for umbrella and walking-stick exports from Jordan, with a 50% share of total exports. Moreover, umbrella and walking-stick exports to Free Zones exceeded the volume sent to the second major destination, Qatar (X units), twofold. The third position in this ranking was held by Kuwait (X units), with a 23% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Free Zones totaled -14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+108.0% per year) and Kuwait (+102.5% per year).

In value terms, Free Zones ($X) remains the key foreign market for umbrellas and walking-sticks exports from Jordan, comprising 56% of total exports. The second position in the ranking was taken by Qatar ($X), with a 28% share of total exports. It was followed by Kuwait, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value to Free Zones amounted to -7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+21.8% per year) and Kuwait (+109.2% per year).

Export Prices by Country

The average umbrella and walking-stick export price stood at $X per unit in 2022, waning by -13.9% against the previous year. In general, the export price, however, posted a strong expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by 61%. The export price peaked at $X per unit in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per unit), while the average price for exports to Kuwait ($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 Yemen (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Umbrella And Walking-Stick Imports

Imports into Jordan

In 2022, overseas purchases of umbrellas and walking-sticks increased by 61% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports continue to indicate a strong increase. Over the period under review, imports attained the peak figure at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, umbrella and walking-stick imports dropped to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 169%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, China (X units) constituted the largest umbrella and walking-stick supplier to Jordan, with a 75% share of total imports. Moreover, umbrella and walking-stick imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fivefold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+35.2% per year) and Taiwan (Chinese) (+11.3% per year).

In value terms, China ($X) constituted the largest supplier of umbrellas and walking-sticks to Jordan, comprising 58% of total imports. The second position in the ranking was held by Turkey ($X), with a 20% share of total imports. It was followed by South Africa, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+29.3% per year) and South Africa (-0.9% per year).

Import Prices by Country

The average umbrella and walking-stick import price stood at $X per unit in 2022, dropping by -41.6% against the previous year. In general, the import price continues to indicate a pronounced curtailment. The growth pace was the most rapid in 2021 an increase of 109% against the previous year. As a result, import price reached the peak level of $X per unit, and then shrank notably in the following year.

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 South Africa ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+25.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform