Paraguay: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in Paraguay

In 2022, the Paraguayan umbrella and walking-stick market increased by 15% to $X, rising for the second year in a row after three years of decline. In general, consumption showed a perceptible shrinkage. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Umbrella And Walking-Stick Exports

Exports from Paraguay

Umbrella and walking-stick exports from Paraguay surged to X units in 2022, growing by 384% on the previous year. In general, exports, however, showed a deep setback. The growth pace was the most rapid in 2016 with an increase of 585% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, umbrella and walking-stick exports soared to $X in 2022. Overall, exports, however, continue to indicate a sharp descent. The growth pace was the most rapid in 2016 with an increase of 578% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Costa Rica (X units) was the main destination for umbrella and walking-stick exports from Paraguay, accounting for a 74% share of total exports. Moreover, umbrella and walking-stick exports to Costa Rica exceeded the volume sent to the second major destination, Uruguay (X units), fivefold. The third position in this ranking was held by the United States (X units), with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Costa Rica totaled +44.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-21.1% per year) and the United States (0.0% per year).

In value terms, the largest markets for umbrella and walking-stick exported from Paraguay were Uruguay ($X), Costa Rica ($X) and the United States ($X), with a combined 98% share of total exports.

In terms of the main countries of destination, Costa Rica, with a CAGR of +60.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average umbrella and walking-stick export price amounted to $X per unit, reducing by -61.1% against the previous year. In general, the export price continues to indicate a significant contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 349% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uruguay ($X per unit), while the average price for exports to Costa Rica ($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 Costa Rica (+11.1%), while the prices for the other major destinations experienced a decline.

Umbrella And Walking-Stick Imports

Imports into Paraguay

In 2022, the amount of umbrellas and walking-sticks imported into Paraguay contracted modestly to X units, with a decrease of -2.6% against the year before. In general, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2015 when imports increased by 26%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, umbrella and walking-stick imports soared to $X in 2022. Overall, imports saw a noticeable downturn. The pace of growth was the most pronounced in 2021 when imports increased by 53%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main umbrella and walking-stick supplier to Paraguay, with a 94% share of total imports. It was followed by France (X units), with a 2.2% share of total imports. The third position in this ranking was taken by Argentina (X units), with a 0.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+28.1% per year) and Argentina (-19.8% per year).

In value terms, China ($X) constituted the largest supplier of umbrellas and walking-sticks to Paraguay, comprising 93% of total imports. The second position in the ranking was held by Argentina ($X), with a 1.9% share of total imports. It was followed by France, with a 1.3% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-5.8% per year) and France (+28.0% per year).

Import Prices by Country

In 2022, the average umbrella and walking-stick import price amounted to $X per unit, picking up by 22% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, umbrella and walking-stick import price increased by +50.9% against 2019 indices. The growth pace was the most rapid in 2017 when the average import price increased by 31%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+25.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform