Pakistan: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in Pakistan

The Pakistani umbrella and walking-stick market shrank to $X in 2022, which is down by -10.1% against the previous year. In general, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 +9.2% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Umbrella And Walking-Stick Production in Pakistan

In value terms, umbrella and walking-stick production shrank to $X in 2022 estimated in export price. Overall, the total production indicated a mild increase 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, production increased by +11.1% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 99% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Umbrella And Walking-Stick Exports

Exports from Pakistan

Umbrella and walking-stick exports from Pakistan surged to X units in 2022, increasing by 45% compared with the year before. Over the period under review, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2014 when exports increased by 46%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, umbrella and walking-stick exports expanded remarkably to $X in 2022. Overall, exports showed a prominent increase. The most prominent rate of growth was recorded in 2019 when exports increased by 37% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The UK (X units) was the main destination for umbrella and walking-stick exports from Pakistan, with a 44% share of total exports. Moreover, umbrella and walking-stick exports to the UK exceeded the volume sent to the second major destination, South Africa (X units), twofold. The third position in this ranking was held by France (X units), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK totaled +18.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+34.2% per year) and France (-1.5% per year).

In value terms, the UK ($X) remains the key foreign market for umbrellas and walking-sticks exports from Pakistan, comprising 30% of total exports. The second position in the ranking was held by Australia ($X), with a 14% share of total exports. It was followed by France, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at +13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+182.4% per year) and France (+0.6% per year).

Export Prices by Country

The average umbrella and walking-stick export price stood at $X per unit in 2022, declining by -22.1% against the previous year. Overall, the export price saw a noticeable setback. The most prominent rate of growth was recorded in 2016 an increase of 32%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Australia ($X per unit), while the average price for exports to Belgium ($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 Australia (+5.7%), while the prices for the other major destinations experienced mixed trend patterns.

Umbrella And Walking-Stick Imports

Imports into Pakistan

In 2022, purchases abroad of umbrellas and walking-sticks decreased by -33.7% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2015 when imports increased by 116% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021, and then contracted markedly in the following year.

In value terms, umbrella and walking-stick imports expanded rapidly to $X in 2022. In general, imports, however, posted a significant increase. The growth pace was the most rapid in 2015 with an increase of 128% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest umbrella and walking-stick supplier to Pakistan, with a approx. 67% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled +22.8%.

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

From 2012 to 2022, the average annual growth rate of value from China stood at +23.0%.

Import Prices by Country

In 2022, the average umbrella and walking-stick import price amounted to $X per unit, with an increase of 73% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 +0.2% per year.

Source: IndexBox Platform

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