Peru: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in Peru

The Peruvian umbrella and walking-stick market shrank to $X in 2022, remaining relatively unchanged 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). Overall, consumption, however, showed a perceptible decline. Umbrella and walking-stick consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Umbrella And Walking-Stick Exports

Exports from Peru

Umbrella and walking-stick exports from Peru skyrocketed to X units in 2022, increasing by 49% against the previous year. Over the period under review, exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 578% against the previous year. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, umbrella and walking-stick exports surged to $X in 2022. In general, exports, however, faced a abrupt decline. The pace of growth appeared the most rapid in 2018 when exports increased by 1,172%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for umbrella and walking-stick exports from Peru, with a 57% share of total exports. Moreover, umbrella and walking-stick exports to the United States exceeded the volume sent to the second major destination, Colombia (X units), fourfold. Costa Rica (X units) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+53.4% per year) and Costa Rica (-12.7% per year).

In value terms, the United States ($X) remains the key foreign market for umbrellas and walking-sticks exports from Peru, comprising 44% of total exports. The second position in the ranking was held by Costa Rica ($X), with a 16% share of total exports. It was followed by the UK, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at -9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+7.0% per year) and the UK (-49.6% per year).

Export Prices by Country

The average umbrella and walking-stick export price stood at $X per unit in 2022, waning by -13% against the previous year. Overall, the export price recorded a noticeable downturn. The pace of growth was the most pronounced in 2018 an increase of 88% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

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 Chile ($X per unit), while the average price for exports to Colombia ($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 (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.

Umbrella And Walking-Stick Imports

Imports into Peru

In 2022, overseas purchases of umbrellas and walking-sticks increased by 20% to X units for the first time since 2017, thus ending a four-year declining trend. Overall, imports, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 44% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, umbrella and walking-stick imports declined modestly to $X in 2022. In general, imports, however, saw a slight reduction. The pace of growth was the most pronounced in 2015 when imports increased by 49%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 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 Peru, with a approx. 99% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -4.3%.

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

From 2012 to 2022, the average annual growth rate of value from China was relatively modest.

Import Prices by Country

In 2022, the average umbrella and walking-stick import price amounted to $X per unit, falling by -20.8% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% 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 +4.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 31% against the previous year. As a result, import price reached the peak level of $X per unit, and then contracted dramatically in the following year.

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 +5.1% per year.

Source: IndexBox Platform

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