Report Update Nov 1, 2024

Nigeria - Umbrellas and Walking-Sticks - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in Nigeria

The Nigerien umbrella and walking-stick market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption, however, continues to indicate a deep reduction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Umbrella And Walking-Stick Exports

Exports from Nigeria

Umbrella and walking-stick exports from Nigeria shrank significantly to X units in 2022, which is down by -17.1% on 2021. In general, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 32%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, umbrella and walking-stick exports shrank significantly to $X in 2022. Over the period under review, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 140%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Ghana (X units), Cote d'Ivoire (X units) and the United States (X units) were the main destinations of umbrella and walking-stick exports from Nigeria, together comprising 48% of total exports. Gambia, Rwanda, Benin, South Africa, France, Burkina Faso, Uganda, Niger and Angola lagged somewhat behind, together comprising a further 45%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Gambia (with a CAGR of +24.2%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Ghana ($X) and Benin ($X) appeared to be the largest markets for umbrella and walking-stick exported from Nigeria worldwide, with a combined 70% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +23.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average umbrella and walking-stick export price stood at $X per unit in 2022, reducing by -14.5% against the previous year. In general, the export price, however, posted a measured increase. The growth pace was the most rapid in 2021 when the average export price increased by 82%. As a result, the export price reached the peak level of $X per unit, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Gambia ($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 United States (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Umbrella And Walking-Stick Imports

Imports into Nigeria

In 2022, purchases abroad of umbrellas and walking-sticks was finally on the rise to reach X units after two years of decline. Over the period under review, imports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 when imports increased by 54%. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, umbrella and walking-stick imports soared to $X in 2022. Overall, imports, however, showed a abrupt contraction. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main umbrella and walking-stick supplier to Nigeria, with a approx. 96% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at -14.6%.

In value terms, China ($X) constituted the largest supplier of umbrellas and walking-sticks to Nigeria.

From 2012 to 2022, the average annual growth rate of value from China totaled -4.6%.

Import Prices by Country

The average umbrella and walking-stick import price stood at $X per unit in 2022, with an increase of 52% against the previous year. Overall, the import price enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 an increase of 67%. The import price peaked in 2022 and is likely to continue growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +11.6% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for umbrellas in the world?

South Africa remains the largest umbrella consuming country worldwide, comprising approx. 86% of total volume. Moreover, umbrella consumption in South Africa exceeded the figures recorded by the second-largest consumer, China, more than tenfold.

What are the largest producers of umbrellas in the world?

The country with the largest volume of umbrella production was China, accounting for 84% of total volume. Moreover, umbrella production in China exceeded the figures recorded by the second-largest producer, Bangladesh, more than tenfold. Turkey ranked third in terms of total production with a 1.9% share.

What are the leading suppliers of umbrellas to Nigeria?

In value terms, China constituted the largest supplier of umbrella to Nigeria, comprising 72% of total imports. The second position in the ranking was occupied by Hong Kong SAR, with a 9.1% share of total imports. It was followed by South Africa, with a 2.7% share.

What are the leading importers of umbrellas from Nigeria?

In value terms, Benin, Ghana and the United States constituted the largest markets for umbrella exported from Nigeria worldwide, with a combined 67% share of total exports. These countries were followed by Cote d'Ivoire, Angola, Niger and France, which together accounted for a further 24%.

What is the average export price for umbrellas in Nigeria?

The average umbrella export price stood at $6.2 per unit in 2021, shrinking by -10.6% against the previous year.

What is the average import price for umbrellas in Nigeria?

In 2021, the average umbrella import price amounted to $5.4 per unit, growing by 64% against the previous year.

This report provides an in-depth analysis of the umbrella and walking-stick market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32992130 - Umbrellas, sun umbrellas, walking-stick umbrellas, garden umbrellas and similar umbrellas (excluding umbrella cases)
Prodcom 32992150 - Walking-sticks, seat-sticks, whips, riding-crops and the like

Country coverage:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023