Latin America and the Caribbean: Umbrella Market 2020

Production By Country in Latin America and the Caribbean

Panama (X units) remains the largest umbrella producing country in Latin America and the Caribbean, comprising approx. X% of total volume.

In Panama, umbrella production shrank by an average annual rate of -X% over the period from 2008-2018.

Umbrella Exports

Exports in Latin America and the Caribbean

In 2018, approx. X units of umbrellas were exported in Latin America and the Caribbean; picking up by X% against the previous year. In general, umbrella exports, however, continue to indicate a drastic curtailment. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The volume of exports peaked at X units in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, umbrella exports totaled $X in 2018. Overall, umbrella exports, however, continue to indicate a mild drop. The growth pace was the most rapid in 2011 when exports increased by X% against the previous year. Over the period under review, umbrella exports attained their peak figure at $X in 2012; however, from 2013 to 2018, exports remained at a lower figure.

Exports by Country

Panama was the key exporter of umbrellas exported in Latin America and the Caribbean, with the volume of exports finishing at X units, which was near X% of total exports in 2018. Chile (X units) held the second position in the ranking, followed by Mexico (X units). All these countries together took near X% share of total exports.

From 2007 to 2018, average annual rates of growth with regard to umbrella exports from Panama stood at -X%. At the same time, Mexico (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2018. By contrast, Chile (-X%) illustrated a downward trend over the same period. While the share of Mexico (+X p.p.) increased significantly in terms of the total exports from 2007-2018, the share of Chile (-X p.p.) and Panama (-X p.p.) displayed negative dynamics.

In value terms, Panama ($X) remains the largest umbrella supplier in Latin America and the Caribbean, comprising X% of total umbrella exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total exports.

From 2007 to 2018, the average annual growth rate of value in Panama amounted to -X%. In the other countries, the average annual rates were as follows: Mexico (+X% per year) and Chile (-X% per year).

Export Prices by Country

In 2018, the umbrella export price in Latin America and the Caribbean amounted to $X per unit, reducing by -X% against the previous year. Overall, the umbrella export price, however, continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2011 when the export price increased by X% against the previous year. Over the period under review, the export prices for umbrellas attained their maximum at $X per unit in 2015; however, from 2016 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Mexico ($X per unit), while Panama ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Panama, while the other leaders experienced mixed trends in the export price figures.

Umbrella Imports

Imports in Latin America and the Caribbean

In 2018, approx. X units of umbrellas were imported in Latin America and the Caribbean; rising by X% against the previous year. The total imports indicated a slight expansion from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, umbrella imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of imports peaked at X units in 2011; however, from 2012 to 2018, imports stood at a somewhat lower figure.

In value terms, umbrella imports amounted to $X in 2018. The total imports indicated a resilient increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, umbrella imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. The level of imports peaked at $X in 2011; however, from 2012 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, Brazil (X units), distantly followed by Mexico (X units), Colombia (X units) and Chile (X units) represented the key importers of umbrellas, together committing X% of total imports. Guatemala (X units), Peru (X units), Argentina (X units), Ecuador (X units) and Panama (X units) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Ecuador, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest umbrella importing markets in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Colombia ($X), together comprising X% of total imports. These countries were followed by Chile, Argentina, Guatemala, Panama, Peru and Ecuador, which together accounted for a further X the main importing countries, Ecuador recorded the highest rates of growth with regard to market size, over the period under review, while imports for the other leaders experienced more modest paces of growth.

Import Prices by Country

The umbrella import price in Latin America and the Caribbean stood at $X per unit in 2018, going up by X% against the previous year. The import price indicated strong growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, umbrella import price decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2010 when the import price increased by X% year-to-year. The level of import price peaked at $X per unit in 2015; however, from 2016 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Chile ($X per unit), while Ecuador ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Panama, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform