Norway: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in Norway

The Norwegian umbrella and walking-stick market expanded sharply to $X in 2022, increasing by 8.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Umbrella and walking-stick consumption peaked in 2022 and is expected to retain growth in the immediate term.

Umbrella And Walking-Stick Exports

Exports from Norway

After two years of growth, shipments abroad of umbrellas and walking-sticks decreased by -27.6% to X units in 2022. Overall, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 28%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, umbrella and walking-stick exports declined markedly to $X in 2022. Over the period under review, exports saw a deep slump. The pace of growth was the most pronounced in 2021 when exports increased by 88%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X units) was the main destination for umbrella and walking-stick exports from Norway, accounting for a 63% share of total exports. Moreover, umbrella and walking-stick exports to Sweden exceeded the volume sent to the second major destination, Germany (X units), threefold. Denmark (X units) ranked third in terms of total exports with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden amounted to -15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+23.1% per year) and Denmark (-2.7% per year).

In value terms, Sweden ($X) remains the key foreign market for umbrellas and walking-sticks exports from Norway, comprising 50% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 11% share of total exports. It was followed by Germany, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden amounted to -10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+10.0% per year) and Germany (+5.3% 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 -6% against the previous year. Over the period under review, the export price, however, showed a prominent increase. The most prominent rate of growth was recorded in 2021 an increase of 47%. As a result, the export price reached the peak level of $X per unit, and then declined in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Germany ($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 China (+24.3%), while the prices for the other major destinations experienced more modest paces of growth.

Umbrella And Walking-Stick Imports

Imports into Norway

In 2022, purchases abroad of umbrellas and walking-sticks was finally on the rise to reach X units after two years of decline. In general, imports, however, recorded a pronounced descent. The pace of growth was the most pronounced in 2014 when imports increased by 8.6% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, umbrella and walking-stick imports rose remarkably to $X in 2022. The total import value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of umbrella and walking-stick to Norway, with a 88% share of total imports. It was followed by Greece (X units), with a 1.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+75.1% per year) and Hong Kong SAR (-10.8% per year).

In value terms, China ($X) constituted the largest supplier of umbrellas and walking-sticks to Norway, comprising 78% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-8.0% per year) and Greece (+99.1% per year).

Import Prices by Country

In 2022, the average umbrella and walking-stick import price amounted to $X per unit, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, posted prominent growth. The pace of growth was the most pronounced in 2021 an increase of 52% against the previous year. As a result, import price reached the peak level of $X per unit, leveling off 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 China ($X per unit), while the price for Greece ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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